PRINCETON HOUSING MARKET DATA

There was a decrease in total units sold in August, with 47 sold this month in Princeton Real Estate versus 70 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 16% versus August 2024.

Versus last year, the total number of homes available this month is higher by 6 units or 6%. The total number of active inventory this August was 113 compared to 107 in August 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 115, a decrease of 2%.

Last August, the median sale price for Princeton Homes was $973,500. This August, the median sale price was $960,000, a decrease of 1% or $13,500 compared to last year. The current median sold price is 2% lower than in July.

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

In August, there was 2.4 months of supply available in Princeton, compared to 1.9 in August 2024. That is an increase of 26% 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 48 homes newly listed for sale in Princeton compared to 47 in August 2024, an increase of 2%. There were 37 current contracts pending sale this August compared to 34 a year ago. The number of current contracts is 9% higher than last August.

In August, the average sale price in Princeton was 101.3% 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 26, lower than the average last year, which was 31, a decrease of 16%.





FOCUS ON: PRINCETON HOUSING MARKET			AUGUST 2025

Zip Code(s): 08540 and 08542
Units Sold 47	Active Inventory 113	Median Sale Price $960,000	Days On Market 26

Down -16% Vs. Year Ago	Up 6% Vs. Year Ago	Down -1% Vs. Year Ago	Down -16% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 47 sold this month in Princeton Real Estate versus 70 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 16% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 6%. The total number of active inventory this August was 113 compared to 107 in August 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 115, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Princeton Homes was $973,500. This August, the median sale price was $960,000, a decrease of 1% or $13,500 compared to last year. The current median sold price is 2% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 48	Current Contracts 37	Sold Vs. List Price 101.3%	Months of Supply 2.4

Up 2% Vs. Year Ago	Up 9% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 26% Vs. Year Ago


		Months of Supply In August, there was 2.4 months of supply available in Princeton, compared to 1.9 in August 2024. That is an increase of 26% 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 48 homes newly listed for sale in Princeton compared to 47 in August 2024, an increase of 2%. There were 37 current contracts pending sale this August compared to 34 a year ago. The number of current contracts is 9% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Princeton was 101.3% 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 26, lower than the average last year, which was 31, a decrease of 16%.


	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.