The Princeton housing market is very competitive. Homes in Princeton receive 4 offers on average and sell in around 31 days. The median sale price of a home in Princeton was $1.3M last month, down 4.2% since last year. The median sale price per square foot in Princeton is $534, up 14.8% since last year.
What is the housing market like in Princeton today?
In October 2024, Princeton home prices were down 4.2% compared to last year, selling for a median price of $1.3M. On average, homes in Princeton sell after 31 days on the market compared to 46 days last year. There were 25 homes sold in October this year, up from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,300,000
-4.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Princeton, NJ
$1,300,000
-4.2%
United States
To compare other locations to the Princeton and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Princeton add value to a home.
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How hot is the Princeton housing market?
Princeton is very competitive. Homes sell in 29.5 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 30 days.
Hot homes
can sell for about 10% above list price and go pending in around 16 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Princeton housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Princeton.
Flood Factor - Major
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Princeton has a major risk of flooding. 566 properties in Princeton are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Princeton. Flood risk is increasing faster than the national average.
37% of properties are at risk of wildfire over the next 30 years
Fire Factor
Princeton has a moderate risk of wildfire. There are 3,257 properties in Princeton that have some risk of being affected by wildfire over the next 30 years. This represents 37% of all properties in Princeton.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Princeton has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Princeton is most at risk from hurricanes. 8,769 properties in Princeton have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.