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| MAY 2025 | |||
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| Zip Code(s): 08618 and 08638 | |||
| Units Sold 34 |
Active Inventory 89 |
Median Sale Price $322,500 |
Days On Market 35 |
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| Down -8% Vs. Year Ago |
Down -11% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 34 sold this month in Northwest Trenton and Northern Trenton Real Estate versus 37 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 11%. The total number of active inventory this May was 89 compared to 100 in May 2024. This month's total of 89 is lower than the previous month's total supply of available inventory of 98, a decrease of 9%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Northwest Trenton and Northern Trenton Homes was $236,000. This May, the median sale price was $322,500, an increase of $86,500 compared to last year. The current median sold price is higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 45 |
Current Contracts 39 |
Sold Vs. List Price 102.1% |
Months of Supply 2.6 |
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| Down -39% Vs. Year Ago |
Down -35% Vs. Year Ago |
Down -2% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 2.6 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. |
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New Listings & Current Contracts
This month there were 45 homes newly listed for sale in Northwest Trenton and Northern Trenton compared to 74 in May 2024, a decrease of 39%. There were 39 current contracts pending sale this May compared to 60 a year ago. The number of current contracts is 35% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Northwest Trenton and Northern Trenton was 102.1% of the average list price, which is 2.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 35, higher than the average last year, which was 20. This increase was impacted by the limited number of sales. | |||
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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. | |||
 Information 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. |
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