PRINCETON HOUSING MARKET DATA

There was an increase in total units sold in July, with 70 sold this month in Princeton Real Estate versus 63 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2024.

The total number of homes available this month is 107 units, which is similar compared to a year ago. This month's total of 107 is lower than the previous month's total supply of available inventory of 139, a decrease of 23%.

Last July, the median sale price for Princeton Homes was $824,000. This July, the median sale price was $982,000, an increase of 19% or $158,000 compared to last year. The current median sold price is 2% lower than in June.

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

In July, there was 1.5 months of supply available in Princeton, compared to 1.7 in July 2024. That is a decrease of 10% 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 44 homes newly listed for sale in Princeton compared to 47 in July 2024, a decrease of 6%. There were 56 current contracts pending sale this July compared to 41 a year ago. The number of current contracts is 37% higher than last July.

In July, the average sale price in Princeton was 102.2% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 33, lower than the average last year, which was 44, a decrease of 25%.





FOCUS ON: PRINCETON HOUSING MARKET			JULY 2025

Zip Code(s): 08540 and 08542
Units Sold 70	Active Inventory 107	Median Sale Price $982,000	Days On Market 33

Up 11% Vs. Year Ago	No Change Vs. Year Ago	Up 19% Vs. Year Ago	Down -25% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 70 sold this month in Princeton Real Estate versus 63 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2024.
Active Inventory The total number of homes available this month is 107 units, which is similar compared to a year ago. This month's total of 107 is lower than the previous month's total supply of available inventory of 139, a decrease of 23%.
		Median Sale Price Last July, the median sale price for Princeton Homes was $824,000. This July, the median sale price was $982,000, an increase of 19% or $158,000 compared to last year. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 44	Current Contracts 56	Sold Vs. List Price 102.2%	Months of Supply 1.5

Down -6% Vs. Year Ago	Up 37% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In July, there was 1.5 months of supply available in Princeton, compared to 1.7 in July 2024. That is a decrease of 10% 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 44 homes newly listed for sale in Princeton compared to 47 in July 2024, a decrease of 6%. There were 56 current contracts pending sale this July compared to 41 a year ago. The number of current contracts is 37% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Princeton was 102.2% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 33, lower than the average last year, which was 44, a decrease of 25%.


	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.