Preakness, NJ
Housing market overview · Updated weekly
$585,000median sale price
Homes sold
11
Last 12 weeks
Days on market
118
Average pace
Active listings
21
1.9 months supply
Sale-to-list
100.0%
Below asking
The Preakness housing market is currently classified as a seller's market with a median sale price of $585,000. Prices have fallen 16.4% compared to last year, with homes spending an average of 118 days on market, indicating 1.9 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 Preakness
There are currently 21 homes listed for sale in Preakness, New Jersey. The median listing price is $640K.
Active listings
21
Homes on market
Median list price
$640K
Avg. days on market
118
Days until sale
New this week
13
Newly listed
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Frequently asked questions
What is the average home price in Preakness?
The median home sale price in Preakness is $585,000, down 16.4% from last year.
How long do homes stay on market in Preakness?
Homes typically spend 118 days on market before going under contract.
Is Preakness a buyer's or seller's market?
With 1.9 months of supply, Preakness is currently a seller's market.
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