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Featured local agent — Princeton, NJ
Sarah Mitchell
Compass Real Estate · Princeton, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Princeton, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.52Mmedian sale price
How is the Princeton, NJ housing market right now?
The median home sale price in Princeton, NJ is $1.52M, down 3.9% year-over-year. Homes sell in an average of 52 days with 82 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, NJ is currently a balanced market, based on 4.8 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
52
Average pace
Active listings
82
4.8 months supply
Sale-to-list
101.1%
Above asking
What does the Princeton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.52M |
| Median list price | $1.58M |
| Year-over-year price change | -3.9% |
| Average days on market | 52 days |
| Active inventory | 82 listings |
| Months of supply | 4.8 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $587/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 36 |
| Listings with a price cut | 13.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Princeton by property type?
How the Princeton, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.25M | $612/sq ft | 8 | 61 days |
| Condo / Co-op | $365,000 | $1,259/sq ft | 1 | 81 days |
| Townhouse | $980,000 | $490/sq ft | 7 | 39 days |
Source: Redfin · Updated monthly
The Princeton housing market is currently classified as a balanced market with a median sale price of $1.52M. Prices have fallen 3.9% compared to last year, with homes spending an average of 52 days on market, indicating 4.8 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 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Princeton
There are currently 82 homes listed for sale in Princeton, New Jersey. The median listing price is $1.6M.
Active listings
82
Homes on market
Median list price
$1.6M
Avg. days on market
52
Days until sale
New this week
36
Newly listed
Who lives in Princeton?
Population
30,451
Median income
$184,113/yr
Median age
27.5 years
Owner-occupied
56.0%
College grads
84.6%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Princeton?
Zillow home value
$987,049
Zillow rent index
$3,461/mo
Price-to-rent ratio
23.8x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Princeton?
Princeton is a community of approximately 30K residents with a median age of 27.5 years.The median household income is $184,113, which reflects a relatively affluent area with strong earning potential. 84.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 56.0%, showing a blend of owner and renter-occupied properties. The average commute time is 24.1 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?
7 schools tracked · 4,115 students
The largest public schools serving Princeton, 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.
Princeton High School
Grades 9-12 · 1,532 students
Princeton Middle School
Grades 6-8 · 780 students
Princeton Charter School
Grades K-8 · 424 students
Johnson Park School
Grades PK-5 · 388 students
Littlebrook School
Grades PK-5 · 383 students
Riverside School
Grades PK-5 · 313 students
Community Park School
Grades PK-5 · 295 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, NJ?
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 23.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.9% year-over-year, potentially creating entry opportunities for strategic buyers.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 $1.52M, down 3.9% from last year.
How long do homes stay on market in Princeton?
Homes typically spend 52 days on market before going under contract.
What is the median income in Princeton?
The median household income is $184,113 per year.
Is Princeton a buyer's or seller's market?
With 4.8 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 $987,049, representing the typical home value in the area.
What is the median condo price in Princeton?
The median condo/co-op sale price in Princeton, NJ is $365,000, compared to $2.25M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Princeton?
The median single-family home price in Princeton, NJ is $2.25M (about $612 per square foot).
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