PRINCETON HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 34 sold this month in Princeton Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is lower by 7 units or 7%. The total number of active inventory this March was 90 compared to 97 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Princeton Homes was $800,500. This March, the median sale price was $742,500, a decrease of 7% or $58,000 compared to last year. The current median sold price is 11% lower than in February.

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

In March, there was 2.6 months of supply available in Princeton, compared to 4.0 in March 2024. That is a decrease of 35% versus 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 66 homes newly listed for sale in Princeton compared to 62 in March 2024, an increase of 6%. There were 61 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 79% higher than last March.

In March, the average sale price in Princeton was 102.5% of the average list price, which is 1.3% higher than at this time last year.

This month, the average number of days on market was 31, lower than the average last year, which was 38, a decrease of 18%.





FOCUS ON: PRINCETON HOUSING MARKET			MARCH 2025

Zip Code(s): 08540 and 08542
Units Sold 34	Active Inventory 90	Median Sale Price $742,500	Days On Market 31

Up Vs. Year Ago	Down -7% Vs. Year Ago	Down -7% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 34 sold this month in Princeton Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 7%. The total number of active inventory this March was 90 compared to 97 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Princeton Homes was $800,500. This March, the median sale price was $742,500, a decrease of 7% or $58,000 compared to last year. The current median sold price is 11% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 66	Current Contracts 61	Sold Vs. List Price 102.5%	Months of Supply 2.6

Up 6% Vs. Year Ago	Up 79% Vs. Year Ago	Up 1.3% Vs. Year Ago	Down -34% Vs. Year Ago


		Months of Supply In March, there was 2.6 months of supply available in Princeton, compared to 4.0 in March 2024. That is a decrease of 35% versus 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 66 homes newly listed for sale in Princeton compared to 62 in March 2024, an increase of 6%. There were 61 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 79% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Princeton was 102.5% of the average list price, which is 1.3% higher than at this time last year. Days on Market This month, the average number of days on market was 31, lower than the average last year, which was 38, a decrease of 18%.


	Princeton are defined as properties listed in zip code/s 08540 and 08542.
	*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.