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Featured local agent — Princeton, MN
Sarah Mitchell
Compass Real Estate · Princeton, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Princeton, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$345,000median sale price
How is the Princeton, MN housing market right now?
The median home sale price in Princeton, MN is $345,000, up 25.4% year-over-year. Homes sell in an average of 50 days with 14 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Princeton a buyer's or seller's market?
Princeton, MN is currently a balanced market, based on 4.7 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
50
Average pace
Active listings
14
4.7 months supply
Sale-to-list
101.2%
Above asking
What does the Princeton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $345,000 |
| Median list price | $242,450 |
| Year-over-year price change | +25.4% |
| Average days on market | 50 days |
| Active inventory | 14 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $149/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 6 |
| Listings with a price cut | 28.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Princeton by property type?
How the Princeton, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $375,000 | $147/sq ft | 1 | 58 days |
| Townhouse | $322,550 | $176/sq ft | 2 | 26 days |
Source: Redfin · Updated monthly
The Princeton housing market is currently classified as a balanced market with a median sale price of $345,000. Prices have risen 25.4% compared to last year, with homes spending an average of 50 days on market, indicating 4.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.2x provides context for how home values compare to local earning capacity.
Homes for sale in Princeton
There are currently 14 homes listed for sale in Princeton, Minnesota. The median listing price is $242K.
Active listings
14
Homes on market
Median list price
$242K
Avg. days on market
50
Days until sale
New this week
6
Newly listed
Who lives in Princeton?
Population
4,988
Median income
$52,450/yr
Median age
39.5 years
Owner-occupied
57.7%
College grads
12.9%
Avg commute
23.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Princeton?
Zillow home value
$379,945
Zillow rent index
$1,275/mo
Price-to-rent ratio
24.8x
Price-to-income
7.2x
Source: Zillow Research
What is it like to live in Princeton?
Princeton is a community of approximately 5K residents with a median age of 39.5 years.The median household income is $52,450, which represents a working-class community with solid middle-income opportunities. 12.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.7%, showing a blend of owner and renter-occupied properties. The average commute time is 23.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Princeton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Princeton?
9 schools tracked · 3,217 students
The largest public schools serving Princeton, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Princeton High School
Grades 9-12 · 974 students
Princeton Middle School
Grades 6-8 · 739 students
Princeton Intermediate School
Grades 3-5 · 686 students
Princeton Primary School
Grades PK-2 · 656 students
Early Childhood Special Education
Grades PK · 73 students
Princeton Online MN
Grades 9-12 · 46 students
Princeton Area Learning Center
Grades 9-12 · 29 students
Onward Transition Program
Grades 12 · 11 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Princeton, MN?
Want a head-to-head view? Compare Princeton side-by-side with any other U.S. city using our market-comparison tool.
Is Princeton a good real estate investment market?
For investors evaluating Princeton, the price-to-rent ratio of 24.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 25.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Princeton's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Princeton's median home price.
Frequently asked questions
What is the average home price in Princeton?
The median home sale price in Princeton is $345,000, up 25.4% from last year.
How long do homes stay on market in Princeton?
Homes typically spend 50 days on market before going under contract.
What is the median income in Princeton?
The median household income is $52,450 per year.
Is Princeton a buyer's or seller's market?
With 4.7 months of supply, Princeton is currently a balanced market.
What is the Zillow home value estimate for Princeton?
The Zillow Home Value Index (ZHVI) for Princeton is $379,945, representing the typical home value in the area.
How much does a single-family home cost in Princeton?
The median single-family home price in Princeton, MN is $375,000 (about $147 per square foot).
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