Princeton, NJ Housing Market
The Princeton housing market is very competitive. Homes in Princeton receive 8 offers on average and sell in around 31 days. The median sale price of a home in Princeton was $830K last month, down 9.29% since last year. The median sale price per square foot in Princeton is $466, down 2.9% since last year.
Princeton Housing Market Trends
In April 2024, Princeton home prices were down 9.29% compared to last year, selling for a median price of $830K. On average, homes in Princeton sell after 31 days on the market compared to 70 days last year. There were 16 homes sold in April this year, up from 13 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Princeton housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 33 days.
- Hot homescan sell for about 11% above list price and go pending in around 14 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 3% above list price and go pending in around 41 days.
- Hot homescan sell for about 9% above list price and go pending in around 17 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 5% above list price and go pending in around 16 days.
- Hot homescan sell for about 9% above list price and go pending in around 10 days.
Princeton Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Princeton from outside metros.
- Walla Walla homebuyers searched to move into Princeton more than any other metro followed by Peoria and Mountain Home.
- 69% of Princeton homebuyers searched to stay within the Princeton metropolitan area.
- Miami was the most popular destination among Princeton homebuyers followed by Philadelphia and Boston.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 5 | ||
2 | 4 | ||
3 | 1 | ||
4 | 1 | ||
5 | 0 | ||
6 | 0 | ||
7 | 0 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 6,233 | ||
2 | 4,114 | ||
3 | 3,455 | ||
4 | 3,424 | ||
5 | 2,767 | ||
6 | 2,018 | ||
7 | 1,836 | ||
8 | 1,791 | ||
9 | 1,510 | ||
10 | 1,508 |
Home offer insights for Princeton
Recent offers
View houses in Princeton that sold recently
Recently sold homes
- $1,855,000 Last Sold Price4 beds3.5 baths2,853 sq ft48 Dorann Ave, Princeton, NJ 08540(609) 924-5353List Price$1,599,000Sale to List16% over listDays on Market70 days48 Dorann Ave, Princeton, NJ 08540
- $853,000 Last Sold Price3 beds1 bath1,500 sq ft50 River Rd, Princeton, NJ 08540(609) 921-1900List Price$725,000Sale to List18% over listDays on Market56 days50 River Rd, Princeton, NJ 08540
- $2,250,000 Last Sold Price4 beds4 baths3,100 sq ft86 Cedar Ln, Princeton, NJ 08540(609) 924-5353List Price$2,000,000Sale to List13% over listDays on Market37 days86 Cedar Ln, Princeton, NJ 08540
- $890,000 Last Sold Price3 beds1.5 baths1,467 sq ft15 Southern Way, Princeton, NJ 08540(609) 921-1900List Price$850,000Sale to List5% over listDays on Market42 days15 Southern Way, Princeton, NJ 08540
- $1,015,000 Last Sold Price3 beds1.5 baths1,774 sq ft173 Jefferson Rd, Princeton, NJ 08540(609) 924-5353List Price$949,000Sale to List7% over listDays on Market65 days173 Jefferson Rd, Princeton, NJ 08540
- $1,110,000 Last Sold Price4 beds4.5 baths4,595 sq ft9 Bailey Dr, Princeton, NJ 08540(215) 860-4200List Price$1,190,000Sale to List7% under listDays on Market153 days9 Bailey Dr, Princeton, NJ 08540
- $1,450,000 Last Sold Price4 beds4 baths2,018 sq ft95 Spruce, Princeton, NJ 08542(609) 924-1600List Price$1,399,000Sale to List4% over listDays on Market119 days95 Spruce, Princeton, NJ 08542
- $685,000 Last Sold Price2 beds1 bath—sq ft15 Palmer Sq W Unit C, Princeton, NJ 08542(609) 921-1050List Price$620,000Sale to List10% over listDays on Market139 days15 Palmer Sq W Unit C, Princeton, NJ 08542
See all recently sold homes in Princeton.
See listings
Schools in Princeton
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Riverside Elementary School Public • PreK-5 | 289 Students | 4 reviews |
8/10 Community Park Elementary School Public • PreK-5 | 332 Students | 13 reviews |
8/10 Littlebrook School Public • PreK-5 | 342 Students | 6 reviews |
7/10 Johnson Park School Public • PreK-5 | 329 Students | 6 reviews |
3/10 Maurice Hawk Elementary School Public • PreK-3 | 723 Students | 8 reviews |
Climate's impact on Princeton housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Princeton.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Princeton
More real estate resources for Princeton
New Listings in Princeton
Nearby City Housing Markets
Neighborhood Housing Markets
Zip Code Housing Markets
Nearby City Listings
Neighborhood Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.