Office: (609) 921-1900
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Weichert Princeton

Princeton Real Estate

103 N Main Street, Cranbury, NJ Home for Sale

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Prestigious Custom-built home in the heart of Cranbury twp!! From a great floor plan perfect for entertaining to elegant decor to High-End Custom features, this stunning home has it all! The 1st floor hosts a formal living & dining room, an Open Concept Gourmet kitchen with a large Eat-in area, a sophisticated Great Room & Custom office space! The 2nd floor offers 4 bedrooms & 3 full baths with High-end fixtures & Custom finishes. The Master bedroom suite offers a balcony overlooking the beautiful backyard, a Spa like bathroom &a Custom walk in closet. The 3rd floor boasts an additional impressive size bedroom which could also be enjoyed as a loft! The home offers 2 separate entrances, 2 sets of stairways, a great size fenced in yard with a Pavers patio, Cedar shed & Gas line for a Grill, a Bonus room above the garage with vaulted ceilings plumbed for a bath, a finished basement & more. High-End Custom construction by Kaiser Builders! Exceptional home! Cal the Weichert, Princeton office for details. 609-921-1900.

Princeton Real Estate Market Update Sept 2017

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Do you follow the Princeton Real Estate Market? Are you thinking of buying or selling in Princeton? Here is a breakdown of the homes that closed in Princeton in September 2017.

The number of closed homes in Princeton for September was only 17 which is less 3 less then last September.

The average sales price for homes closes in Princeton was $1.494,448 for the month.

The average length of time it took for Princeton homes to sell was 105 days.

Overall Princeton Sellers retained 94.5% of their asking price.

When you break the Princeton market down by Price you get a more interesting story…

Princeton homes that were listed Listed under $1 million:

  • Average closed price of $835,800.
  • Average of 51.2 days on the market.
  • Seller retained 101% of their asking price. (home prices were bid up over asking price)

Princeton homes that were listed listed under $1-$2 million:

  • Average closed price of $1.407 million
  • Average of 89 days on the market
  • Sellers retained 97.8% of their asking price

Princeton homes that were listed $2-$3 million (one home):

  • Closed price of $2.2 million
  • 109 days on market
  • Sellers retained 88% of their asking price

Princeton homes the were listed above $3 million (one home):

  • Closed price of $4.950 million
  • Days on market 521
  • Sellers retained 82% of their asking price

It is easy to see that the most vibrant sector of the Princeton market remains the most affordable one, under $1 million. There is continued pressure on home buyers due to the lack of overall inventory and the number of buyers looking to move to the Princeton area.

Want to get out and look at the latest homes to hit the Princeton market? Here they are:


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Princeton August Real Estate Report

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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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John Burke

Broker/Sales Person

Weichert, Realtors
350 Nassau St,
Princeton, NJ 08540
Office: (609) 921-1900

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