Pennington, NJ

Strong seller's market+24.2% YoY

Housing market overview · Updated weekly

$460,000median sale price

Homes sold

3

Last 12 weeks

Days on market

48

Average pace

Active listings

5

1.7 months supply

Sale-to-list

100.0%

Above asking

The Pennington housing market is currently classified as a strong seller's market with a median sale price of $460,000. Prices have risen 24.2% compared to last year, with homes spending an average of 48 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Pennington

There are currently 5 homes listed for sale in Pennington, New Jersey. The median listing price is $849K.

Active listings

5

Homes on market

Median list price

$849K

Avg. days on market

48

Days until sale

New this week

3

Newly listed

Price drops:20.0%of listings
Sale-to-list:100.0%

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Frequently asked questions

What is the average home price in Pennington?

The median home sale price in Pennington is $460,000, up 24.2% from last year.

How long do homes stay on market in Pennington?

Homes typically spend 48 days on market before going under contract.

Is Pennington a buyer's or seller's market?

With 1.7 months of supply, Pennington is currently a strong seller's market.

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