Princeton, NJ Housing Market
The Princeton housing market is somewhat 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 $491, up 2.4% 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
- Some homes get multiple offers.
- The average homes sell for about 4% above list price and go pending in around 34 days.
- Hot homescan sell for about 11% above list price and go pending in around 15 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.
- Peoria homebuyers searched to move into Princeton more than any other metro followed by Walla Walla and Lincoln.
- 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 Washington.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 5 | ||
2 | 5 | ||
3 | 3 | ||
4 | 1 | ||
5 | 1 | ||
6 | 1 | ||
7 | 0 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 6,427 | ||
2 | 4,068 | ||
3 | 3,393 | ||
4 | 3,037 | ||
5 | 2,791 | ||
6 | 2,083 | ||
7 | 1,825 | ||
8 | 1,664 | ||
9 | 1,615 | ||
10 | 1,436 |
Home offer insights for Princeton
Recent offers
View houses in Princeton that sold recently
Recently sold homes
- $999,999 Last Sold Price3 beds2 baths1,843 sq ft124 Quaker Rd, Princeton, NJ 08540(609) 924-1600List Price$945,000Sale to List6% over listDays on Market37 days124 Quaker Rd, Princeton, NJ 08540
- $960,000 Last Sold Price2 beds3 baths1,540 sq ft76 Mountain Ave, Princeton, NJ 08540(888) 400-2513List Price$899,000Sale to List7% over listDays on Market63 days76 Mountain Ave, Princeton, NJ 08540
- $2,000,000 Last Sold Price4 beds4 baths—sq ft55 Baldwin Ln, Princeton, NJ 08540(609) 921-1050List Price$1,799,000Sale to List11% over listDays on Market42 days55 Baldwin Ln, Princeton, NJ 08540
- $535,000 Last Sold Price3 beds2.5 baths2,106 sq ft5904 Schindler Dr S, South Brunswick, NJ 08852List Price$510,000Sale to List5% over listDays on Market92 days5904 Schindler Dr S, South Brunswick, NJ 08852
- $761,000 Last Sold Price3 beds2.5 baths—sq ft64 Truman Ave, Montgomery Twp., NJ 08540-4630List Price$674,900Sale to List13% over listDays on Market56 days64 Truman Ave, Montgomery Twp., NJ 08540-4630
- $985,000 Last Sold Price4 beds1.5 baths2,219 sq ft42 Murray Pl, Princeton, NJ 08540(609) 924-5353List Price$899,000Sale to List10% over listDays on Market49 days42 Murray Pl, Princeton, NJ 08540
- $1,460,000 Last Sold Price4 beds3 baths3,008 sq ft222 Shady Brook Ln, Princeton, NJ 08540(609) 921-1411List Price$1,180,000Sale to List24% over listDays on Market50 days222 Shady Brook Ln, Princeton, NJ 08540
- $1,613,000 Last Sold Price5 beds3 baths3,104 sq ft174 Bertrand Dr, Princeton, NJ 08540(609) 921-1411List Price$1,450,000Sale to List11% over listDays on Market79 days174 Bertrand Dr, Princeton, NJ 08540
See all recently sold homes in Princeton.
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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.
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Wind likelihood over time
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Transportation in Princeton
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