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Featured local agent — Cranbury, NJ
Sarah Mitchell
Compass Real Estate · Cranbury, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cranbury, NJ Housing Market
The last median sale price Redfin published was $565,000, -42.2% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 252 days, Cranbury is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $565,000 home is about $3,016/mo in principal and interest.
Key numbers for Cranbury, NJ
Median sale price
$565,000
-42.2% year over year
Redfin, through January 2026
Days on market
252
Slow-moving
Redfin, through January 2026
Active listings
5
5.0 months of supply
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$230,703
Home costs 2.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.0%
Selling below asking
Redfin, through January 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cranbury a buyer's or seller's market?
Cranbury, NJ is a buyer's market, based on 5.0 months of supply and homes selling in about 252 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cranbury housing market data show?
Every row below is Redfin's final published month for Cranbury, NJ. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $565,000 |
| Median list price | $860,405 |
| Year-over-year price change | -42.2% |
| Median price per sq ft | $313/sq ft |
| Median days on market | 252 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 95.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cranbury is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cranbury is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cranbury home prices moved?
Over the last three years the median sale price in Cranbury, NJ rose 8.5%, from $520,750 to $565,000. For prices to fall meaningfully from here, supply would have to keep building past 5.0 months while the sale-to-list ratio slips below its current 95.0%. Watch those two together — they move before the median does.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cranbury?
Priced off the median sale price of $565,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $113,000 | $452,000 | $3,016/mo |
| 5% | $28,250 | $536,750 | $3,582/mo |
Redfin, through January 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,016, that implies roughly $129,269 a year before you add taxes and insurance. The median household in Cranbury earns $230,703, about $101,434 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cranbury in the next 12 months?
Tell us your timeline. We send the Cranbury market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cranbury?
Zillow does not publish a rent index (ZORI) for Cranbury, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cranbury?
Active listings in Cranbury, NJ went from 5 in November 2024 to 5 in January 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| December 2024 | 4 | 1 |
| January 2025 | 4 | 1 |
| February 2025 | 3 | not published |
| March 2025 | 7 | 5 |
| April 2025 | 5 | 3 |
| May 2025 | 7 | 4 |
| June 2025 | 9 | 5 |
| July 2025 | 8 | 4 |
| August 2025 | 8 | 1 |
| September 2025 | 8 | not published |
| November 2025 | 5 | 1 |
| January 2026 | 5 | 1 |
Redfin, through January 2026
How does Cranbury compare to New Jersey and the U.S.?
Cranbury homes sell for $565,000 — 3% below the New Jersey median of $579,900. Against the national median of $410,700, Cranbury runs 38% higher. Year-over-year, Cranbury moved -42.2% against New Jersey's +3.7% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cranbury, NJ | $565,000 | -42.2% | 252 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cranbury
What buyers should watch
- Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $566 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $565,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cranbury listing goes under contract in 252 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Cranbury added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Cranbury varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cranbury
There are currently 5 homes listed for sale in Cranbury, New Jersey. The median listing price is $860K.
Active listings
5
Homes on market
Median list price
$860K
Avg. days on market
252
Days until sale
New this week
1
Newly listed
How much do homes cost in Cranbury by property type?
How the Cranbury, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $565,000 | $313/sq ft | 1 | 252 days |
| Condo / co-op | $114,113 | $172/sq ft | 2 | 57 days |
Who lives in Cranbury?
American Community Survey estimates for Cranbury. U.S. Census ACS, 2023
Population
2,304
Households
822
Median income
$230,703/yr
Median age
51.6 years
Owner-occupied
86.0%
Median home value
$794,500
Median gross rent
$1,594/mo
Mean commute
37.7 min
86.0% of occupied homes in Cranbury are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Cranbury?
1 schools tracked · 438 students
The largest public schools serving Cranbury, NJ 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.
Cranbury School
Grades PK-8 · 438 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 Cranbury, NJ?
Ordered by distance from Cranbury, not by size. Compare Cranbury side by side with any of them.
Cranbury housing market FAQ
Is Cranbury a buyer's or seller's market?
Cranbury, NJ is currently a buyer's market. That read comes from 5.0 months of supply, homes going under contract in about 252 days, and sellers getting 95.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cranbury?
The median sale price in the last month Redfin published was $565,000, about $313 per square foot.
Is Cranbury cheaper than the rest of New Jersey?
Cranbury's median sale price of $565,000 is 3% lower than the New Jersey statewide median of $579,900, and 38% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cranbury?
Homes in Cranbury, NJ spent a median of 252 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cranbury?
At the current 30-year fixed rate of 7.03%, 20% down on a $565,000 home is about $3,016 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $129,269 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $230,703.
Are home prices rising in Cranbury?
Redfin's last published year-over-year change for Cranbury, NJ was -42.2%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Cranbury?
Cranbury ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cranbury?
That depends on your timeline, not on a headline. What the data says today: Cranbury, NJ is a buyer's market with 5.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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