PRINCETON HOUSING MARKET DATA

There was an increase in total units sold in June, with 62 sold this month in Princeton Real Estate versus 46 last month, an increase of 35%. This month's total units sold was higher than at this time last year, an increase of 22% versus June 2024.

Versus last year, the total number of homes available this month is higher by 20 units or 19%. The total number of active inventory this June was 127 compared to 107 in June 2024. This month's total of 127 is higher than the previous month's total supply of available inventory of 120, an increase of 6%.

Last June, the median sale price for Princeton Homes was $1,252,000. This June, the median sale price was $1,025,000, a decrease of 18% or $227,000 compared to last year. The current median sold price is 17% lower than in May.

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

In June, there was 2.0 months of supply available in Princeton. 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 70 homes newly listed for sale in Princeton compared to 57 in June 2024, an increase of 23%. There were 55 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 19% lower than last month.

In June, the average sale price in Princeton was 102.0% of the average list price, which is 3.4% lower than at this time last year.

This month, the average number of days on market was 21, lower than the average last year, which was 28, a decrease of 25%.





FOCUS ON: PRINCETON HOUSING MARKET			JUNE 2025

Zip Code(s): 08540 and 08542
Units Sold 62	Active Inventory 127	Median Sale Price $1,025,000	Days On Market 21

Up 22% Vs. Year Ago	Up 19% Vs. Year Ago	Down -18% Vs. Year Ago	Down -25% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 62 sold this month in Princeton Real Estate versus 46 last month, an increase of 35%. This month's total units sold was higher than at this time last year, an increase of 22% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 19%. The total number of active inventory this June was 127 compared to 107 in June 2024. This month's total of 127 is higher than the previous month's total supply of available inventory of 120, an increase of 6%.
		Median Sale Price Last June, the median sale price for Princeton Homes was $1,252,000. This June, the median sale price was $1,025,000, a decrease of 18% or $227,000 compared to last year. The current median sold price is 17% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 70	Current Contracts 55	Sold Vs. List Price 102.0%	Months of Supply 2.0

Up 23% Vs. Year Ago	No Change Vs. Year Ago	Down -3.2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In June, there was 2.0 months of supply available in Princeton. 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 70 homes newly listed for sale in Princeton compared to 57 in June 2024, an increase of 23%. There were 55 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 19% lower than last month.
		Sale Price to List Price Ratio In June, the average sale price in Princeton was 102.0% of the average list price, which is 3.4% lower than at this time last year. Days on Market This month, the average number of days on market was 21, lower than the average last year, which was 28, 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.