PRINCETON, PENNINGTON, AND NORTHERN MERCER COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in September, with 70 sold this month in Princeton, Pennington, and Northern Mercer County Real Estate versus 95 last month, a decrease of 26%. This month's total units sold was higher than at this time last year, an increase of 23% versus September 2024.

Versus last year, the total number of homes available this month is higher by 37 units or 23%. The total number of active inventory this September was 198 compared to 161 in September 2024. This month's total of 198 is higher than the previous month's total supply of available inventory of 197, an increase of 1%.

Last September, the median sale price for Princeton, Pennington, and Northern Mercer County Homes was $653,000. This September, the median sale price was $669,500, an increase of 3% or $16,500 compared to last year. The current median sold price is 11% 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.

In September, there was 2.8 months of supply available in Princeton, Pennington, and Northern Mercer County. 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.

This month there were 89 homes newly listed for sale in Princeton, Pennington, and Northern Mercer County compared to 85 in September 2024, an increase of 5%. There were 64 current contracts pending sale this September compared to 79 a year ago. The number of current contracts is 19% lower than last September.

In September, the average sale price in Princeton, Pennington, and Northern Mercer County was 98.7% of the average list price, which is 4.1% lower than at this time last year.

This month, the average number of days on market was 40, higher than the average last year, which was 39, an increase of 3%.





FOCUS ON: PRINCETON, PENNINGTON, AND NORTHERN MERCER COUNTY HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 08540, 08542, 08628, 08560, 08534 and 08525
Units Sold 70	Active Inventory 198	Median Sale Price $669,500	Days On Market 40

Up 23% Vs. Year Ago	Up 23% Vs. Year Ago	Up 3% Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 70 sold this month in Princeton, Pennington, and Northern Mercer County Real Estate versus 95 last month, a decrease of 26%. This month's total units sold was higher than at this time last year, an increase of 23% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 37 units or 23%. The total number of active inventory this September was 198 compared to 161 in September 2024. This month's total of 198 is higher than the previous month's total supply of available inventory of 197, an increase of 1%.
		Median Sale Price Last September, the median sale price for Princeton, Pennington, and Northern Mercer County Homes was $653,000. This September, the median sale price was $669,500, an increase of 3% or $16,500 compared to last year. The current median sold price is 11% 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 89	Current Contracts 64	Sold Vs. List Price 98.7%	Months of Supply 2.8

Up 5% Vs. Year Ago	Down -19% Vs. Year Ago	Down -4% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In September, there was 2.8 months of supply available in Princeton, Pennington, and Northern Mercer County. 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 89 homes newly listed for sale in Princeton, Pennington, and Northern Mercer County compared to 85 in September 2024, an increase of 5%. There were 64 current contracts pending sale this September compared to 79 a year ago. The number of current contracts is 19% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Princeton, Pennington, and Northern Mercer County was 98.7% of the average list price, which is 4.1% lower than at this time last year. Days on Market This month, the average number of days on market was 40, higher than the average last year, which was 39, an increase of 3%.


	Princeton, Pennington, and Northern Mercer County are defined as properties listed in zip code/s 08540, 08542, 08628, 08560, 08534 and 08525.
	*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.