All Home Types
Preakness, NJ Housing Market
What is the housing market like in Preakness today?
In February 2025, Preakness home prices were up 2.9% compared to last year, selling for a median price of $700K. On average, homes in Preakness sell after 35 days on the market compared to 59 days last year. There were 7 homes sold in February this year, down from 8 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$700,000
+2.9% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Preakness, NJ
$700,000
+2.9%
United States
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Preakness Migration & Relocation Trends
In Dec '24 - Feb '25, 30% of Preakness homebuyers searched to move out of Preakness, while 70% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Preakness from outside metros.
- San Francisco homebuyers searched to move into Preakness more than any other metro followed by Seattle and Los Angeles.
Where are people moving to Preakness from?
- 70% of Preakness homebuyers searched to stay within the Preakness metropolitan area.
- Miami was the most popular destination among Preakness homebuyers followed by Philadelphia and Boston.
Where are people from Preakness moving to?
Number of People Moving to Preakness
least
most
People are moving to Preakness from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 198 | ||
| 2 | 74 | ||
| 3 | 64 | ||
| 4 | 18 | ||
| 5 | 11 | ||
| 6 | 5 | ||
| 7 | 4 | ||
| 8 | 3 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Preakness for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 5,524 | ||
| 2 | 4,297 | ||
| 3 | 3,510 | ||
| 4 | 2,469 | ||
| 5 | 1,894 | ||
| 6 | 1,883 | ||
| 7 | 1,663 | ||
| 8 | 1,471 | ||
| 9 | 1,351 | ||
| 10 | 1,214 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Preakness.
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