The Long & Foster Market Minute

Focus On: Northwest Trenton and Northern Trenton Housing Market September 2021

Zip Code(s): 08618 and 08638
Units Sold
55
Active Inventory
103
Median Sale Price
$225,000
Days On Market
24
Up 12%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -40%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 55 sold this month in Northwest Trenton and Northern Trenton Real Estate versus 49 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 12% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 12%. The total number of active inventory this September was 103 compared to 92 in September 2020. This month's total of 103 is higher than the previous month's total supply of available inventory of 96, an increase of 7%.

Median Sale Price
Last September, the median sale price for Northwest Trenton and Northern Trenton Homes was $185,000. This September, the median sale price was $225,000, an increase of 22% or $40,000 compared to last year. The current median sold price is 13% lower than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
73
Current Contracts
56
Sold Vs. List Price
102.7%
Months of Supply
1.9
Up 20%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In September, there was 1.9 months of supply available in Northwest Trenton and Northern Trenton. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 73 homes newly listed for sale in Northwest Trenton and Northern Trenton compared to 61 in September 2020, an increase of 20%. There were 56 current contracts pending sale this September compared to 53 a year ago. The number of current contracts is 6% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Northwest Trenton and Northern Trenton was 102.7% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 40, a decrease of 40%.

The Long & Foster Market Minute Northwest Trenton and Northern Trenton are defined as properties listed in zip code/s 08618 and 08638.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.