Princeton Real Estate Market Report through Q3 2018
Princeton, NJ Real Estate Report
Click through to see the latest information on the Princeton, NJ Real Estate Market. All 2018 data is through the end of the second quarter.
536 Lake Drive, Princeton NJ Home for Sale
Rare Lake Dr opportunity in this sought-after neighborhood of Riverside. Close to the elementary school, the University and downtown Princeton. Bring your hammer and your imagination and you can transform open and spacious home into a new home or simply update and enjoy. Open House this Sunday or Call 609-921-1900 to arrange a private showing. 
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35 Sergeant St, Princeton, NJ Home for Sale
Rare opportunity to own a unique multi-level townhouse in a great location in Princeton, only 1 mile to downtown or to Princeton Shopping Center. Enter the main floor living room with wood-burning fireplace and large windows for lots of light. Go up one level you will find the “formal” living room (currently used as a sitting area), the kitchen area which has a large eat-in area (currently used as the dining room) with sliders onto a private balcony and the kitchen itself. A half bath is also located on this level. The third floor houses the Master Bedroom (now also used as a sitting area) with en-suite bathroom and large sliders overlooking the yard, two more bedrooms and a full bath in the hall. The lower level of the townhouse has a full unfinished basement and the laundry facilities. A two-car garage with direct entry is located on the bottom level as well. Truly a unique and lovely home. Princeton Schools round out the many benefits of this great property!
36 Wilkinson Way, Princeton NJ Home For Sale
Welcome to 3 Wilkinson Way, Princeton. You need to see this fabulous Danby model in highly sought after Washington Oaks as soon as possible! Featuring gleaming hardwood flooring, updated and upgraded kitchen with 42″ cherry cabinets, granite counters and stainless steel appliances, and updated and upgraded bathrooms, there really is nothing left to do but move in. The removal of the fireplace between the living and dining rooms makes for a wide open and spacious feel. Sunny location makes the home feel cozy and warm. The basement has been finished and the addition of a full bath is a major plus. There is still plenty of storage, which is organized with built in shelves. Premium location with no building behind you – backs to open space and tennis courts. Call 609-921-1900 to arrange a private showing. 
2018 Princeton Area Real Estate Market Forecast (in Mandarin)
Princeton Real Estate Market Update October 2017
Princeton August Real Estate Report
The Princeton real estate market had another stellar month in August with a huge number (43) homes that settled for the month. (Click here for a complete list of homes that sold for the month) The market continues to favor sellers overall in every price bracket.
Here are some insights into the Princeton Market:
- The average sold price for Princeton homes was $1.042 million.
- Sellers retained 94.5% of their original asking price. This is a bit off the nearly 98-100% average YTD though this is due to two homes (20 Green St & 19 Linden selling off their asking prices).
- Despite the over $1 million average price 34% of the homes that closed in August were cash purchases. Conventional loans was the second most popular way to secure financing for Princeton buyers in August.
- The average tax bill for homes that closes was $18,349.
- The average age for homes that closed was 59 years
- For homes that entered the market with an asking price of under $1 million the sellers retained 97.8% of their asking price and sold their homes in 53 days.
- For sellers who started their homes in the $1-2 million price bracket sellers took 141 days to sell their homes and retained 93.7% of their asking price. This group would have higher stats but for two properties (one commercial and one residential) that sold below their asking price.
- For sellers in the luxury price range $2 million plus they retained 93.7% of their asking price and the houses took on average 141 days to sell.
- Colonials were the most popular house to sell in the Princeton market for the month with 48% of the market being of that variety.
Looking for your next Princeton home? Here are the latest houses to hit the market.
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Princeton Real Estate Report, July 2017
Princeton Real Estate Report, July 2017
The Princeton market continued its torrid pace in July with records number of closings taking place across the Princeton region. To view a list of the homes that sold in July click here. Some highlights of July’s activity in Princeton is as follows:
- The average list price for homes that settled in July was $1.095.481 million.
- The average sold price came in at $1.051.629 million.
- The Princeton homes that closed in July retained 95.9% of their original asking price.
- In the under $1 million market the average list price was $781,352 and the average sales price was $774,000.
- Sellers in the under $1 million market retained an incredible 99% of their asking price! This is further proof of the pressure in this price point in Princeton.
- Sellers in the $1.0 to $1.5 million market fared well (with the exception of one particular house…917 Stuart Rd was originally list at $1.65 million and sold for $1.175 million)! Even with this house in the averages sellers in this price group retained an impressive 90%. When you take that one house out of the formula sellers retained 95% of their asking price.
- Sellers in the $2 million plus market had a very strong sales month with 4 homes settling and sellers retaining an incredible 96% of their asking price.
- Overall it took the homes that closed in July 51 days to sell though in the under $1 million market it took only 26.5 days to sell those homes.
- In the over $2 million market it took an average of 171 days to sell.
- Interestingly there were four seller concessions (usually there are none) in Princeton this past month, the largest being $27,500 on 410 Nassau St.
- Four of the homes were sold for cash, this is less then 1/2 the normal amount of cash transactions in the Princeton market. The rest were sold with buyers obtaining conventional loans.
- The average tax bill for these homes was $18,705.
- The average age of the homes sold was a young (for Princeton) 61 years.
- Colonials remained the most popular house sold though there was a spike in Contemporary’s with 4 and the the next most popular design was a ranch with 3.
- All the homes but for 5 had a fireplace and all but 2 had central air.
- 2 of the homes had a swimming pool and none of the homes sold in July in Princeton were new construction (despite it feeling like there are more knock downs then original homes in town.
Looking for your next Princeton home? Below are the latest houses to hit the Princeton Market.
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