Preakness, NJ Housing Market

Homes for sale

The Preakness housing market is very competitive. The median sale price of a home in Preakness was $546K last month, down 1.7% since last year. The median sale price per square foot in Preakness is $383, up 15.4% since last year.

Trends
Demand
Schools
Climate

Preakness Housing Market Trends

What is the housing market like in Preakness today?

$546K

Sale Price

-1.7%
since last year

$383

Sale $/Sq. Ft.

+15.4%
since last year

Over List Price

4.2%

Days on Market

26.5

Down Payment

35.0%

Total Homes Sold

To compare other locations to the Preakness and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Haledon add value to a home.

Work with the best agents in Preakness

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How hot is the Preakness housing market?

Preakness is very competitive. Homes sell in 26.5 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 27 days.
Hot homes
can sell for about 10% above list price and go pending in around 14 days.

Compare With Nearby Neighborhoods

Riverside

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 6% above list price and go pending in around 64 days.
Hot homes
can sell for about 14% above list price and go pending in around 25 days.

Old Wayne

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% above list price and go pending in around 75 days.
Hot homes
can sell for about 7% above list price and go pending in around 18 days.

See more nearby cities and neighborhoods

View houses in Preakness that sold recently

Recently sold homes

SOLD DEC 13, 2024
$635,000 Last Sold Price
4 beds
2 baths
—sq ft
19 Giannone Rd, Wayne Twp., NJ 07470-3719
List Price
$635,000
Sale to List
0% over list
Days on Market
105 days
19 Giannone Rd, Wayne Twp., NJ 07470-3719
SOLD DEC 11, 2024
$335,000 Last Sold Price
1 bed
1 bath
720 sq ft
1138 Valley Rd Unit 2A, Wayne, NJ 07470
Real Compass New Jersey, LLC-Montclair
List Price
$299,000
Sale to List
12% over list
Days on Market
44 days
1138 Valley Rd Unit 2A, Wayne, NJ 07470
SOLD DEC 10, 2024
$402,000 Last Sold Price
2 beds
1 bath
—sq ft
74 Minns Ave, Wayne, NJ 07470
RE/MAX SELECT - Franklin Lakes Century 21 Gemini Realty, Upper Montclair
List Price
$399,999
Sale to List
1% over list
Days on Market
65 days
74 Minns Ave, Wayne, NJ 07470
SOLD DEC 6, 2024
$775,000 Last Sold Price
3 beds
2 baths
—sq ft
45 Wilson Ave, Wayne, NJ 07470
Keller Williams Prosperity Realty Serhant New Jersey LLC
List Price
$728,000
Sale to List
6% over list
Days on Market
45 days
45 Wilson Ave, Wayne, NJ 07470
SOLD DEC 2, 2024
$650,000 Last Sold Price
4 beds
2 baths
—sq ft
198 Macdonald Dr, Wayne Twp., NJ 07470-3846
List Price
$649,900
Sale to List
0% over list
Days on Market
62 days
198 Macdonald Dr, Wayne Twp., NJ 07470-3846
SOLD NOV 29, 2024
$785,000 Last Sold Price
4 beds
2.5 baths
—sq ft
14 King Ct, Wayne, NJ 07470
Howard Hanna Rand Realty New Jersey Horizon Realty LLC
List Price
$749,900
Sale to List
5% over list
Days on Market
78 days
14 King Ct, Wayne, NJ 07470
SOLD NOV 27, 2024
$299,000 Last Sold Price
1 bed
1 bath
—sq ft
1289A Valley Rd Unit A, Wayne Twp., NJ 07470-7981
List Price
$299,000
Sale to List
0% over list
Days on Market
29 days
1289A Valley Rd Unit A, Wayne Twp., NJ 07470-7981
SOLD NOV 27, 2024
$299,000 Last Sold Price
1 bed
1 bath
—sq ft
1289A Valley Rd, Wayne, NJ 07470
Keller Williams Prosperity Realty Century 21 Gemini Realty, LLC
List Price
$299,000
Sale to List
0% over list
Days on Market
29 days
1289A Valley Rd, Wayne, NJ 07470
See all recently sold homes in Preakness.
See listings

Schools in Preakness

Learn about schools in the Preakness area

Elementary
Middle
High

GreatSchools Rating

9/10 Randall Carter Elementary School Public • K-5	322 Students	6 reviews
8/10 Fallon Elementary School Public • K-5	370 Students	3 reviews
7/10 John F. Kennedy Elementary School Public • K-5	348 Students	8 reviews
7/10 Packanack Elementary School Public • K-5	358 Students	2 reviews
7/10 Lafayette Elementary School Public • K-5	299 Students	1 reviews

Only showing 5 of 6 elementary schools.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Preakness housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Preakness.

Provided by First Street Foundation

More real estate resources for Preakness

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