New - 1 day on Rocket
$10,000 Closing Credit¹
Stefanie R Prettyman, Listing Office: Real Broker, LLC
Princeton Junction Housing Market Report December 2024•Mercer County, New Jersey
Housing Prices in Princeton Junction, NJ
How much do homes in Princeton Junction, NJ cost?
Housing Market Conditions
Is Princeton Junction, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Princeton Junction is a Seller's Market
Difference Since December 2023
Since last year, Princeton Junction has remained a Seller's Market.
Insight
Princeton Junction is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$980,000$371/SqFt
+$97,000
+11.0%
Based on all homes sold in the last 12 months
Insight
Homes in Princeton Junction have sold for 11% more than they did a year ago.
Summary: The median home sold price in Princeton Junction was $980,000 in December 2024, up 11% from last year, and the median price per square foot was $371.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Plainsboro Township | $560K | $625K | +11.6% |
| Princeton Junction | $883K | $980K | +11.0% |
| Cranbury | $617.5K | $682K | +10.4% |
| Plainsboro | $577.5K | $630K | +9.1% |
| West Windsor Township | $822.5K | $865K | +5.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $560K | N/A |
| 22 Bedrooms | $515.2K | $554.9K | +7.7% |
| 33 Bedrooms | $650K | $630K | -3.1% |
| 44 Bedrooms | $960K | $1.0M | +7.6% |
| 55+ Bedrooms | $1.0M | $1.3M | +26.9% |
Summary: Princeton Junction housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +7.7%. The home price for 3 bedroom homes decreased by -3.1%. The home price for 4 bedroom homes increased by +7.6%. The home price for 5 bedroom homes increased by +26.9%.
Housing supply in Princeton Junction, NJ
How many homes are available in Princeton Junction, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthDec 2024 | ||
| 442 months agoNov 2024 | -18.2 % Change MoMNov – Dec |
Summary: The Princeton Junction real estate market had 36 homes for sale in Dec 2024, a 18.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthDec 2024 | ||
| 102 months agoNov 2024 | +60.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 6 | 4 | -33.3% |
| 33 Bedrooms | 9 | 10 | +11.1% |
| 44 Bedrooms | 20 | 11 | -45.0% |
| 55+ Bedrooms | 9 | 11 | +22.2% |
Summary: Princeton Junction housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes decreased by -45.0%. The inventory for 5 bedroom homes increased by +22.2%.
Asking Price vs. Sold Price
How much do homes in Princeton Junction, NJ cost?
Over Asking Price6 Homes
At Asking Price3 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Princeton Junction, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Princeton Junction in December 2024, up by 60.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and and 38% were sold over asking.
Days on Market for Princeton Junction, NJ
How long does it take to sell a home in Princeton Junction, NJ?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Many homes in Princeton Junction are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Princeton Junction; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 43 DaysThis YearDec 2024 | ||
| 23 Days1 year agoDec 2023 | +81.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Princeton Junction had an average listing age of 43 days in Dec 2024, up by 81.7% compared to the previous year.
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Newest Listings in Princeton Junction, NJ
What homes are available in Princeton Junction, NJ?
New - 2 days on Rocket
$7,659 Closing Credit¹
John A Terebey, Listing Office: BHHS Fox & Roach - Princeton
New - 7 days on Rocket
$8,311 Closing Credit¹
Gloria Hutchinson, Listing Office: Hutchinson Homes Real Estate
$6,947 Closing Credit¹
Donna T Lucarelli, Listing Office: Keller Williams Real Estate - Princeton
$10,000 Closing Credit¹
Kashmiri Delory, Listing Office: Realty Mark Central, LLC
Backup offers
$10,000 Closing Credit¹
Christine Luce, Listing Office: Keller Williams Real Estate - Princeton
Backup offers3D tour
$9,785 Closing Credit¹
Robert Dekanski, Listing Office: RE/MAX 1st Advantage
Video tour
$7,707 Closing Credit¹
Sulekha Banerjee, Listing Office: Weichert Realtors-Princeton Junction
$8,609 Closing Credit¹
Connie L Huang, Listing Office: Coldwell Banker Residential Brokerage - Princeton
$8,538 Closing Credit¹
John J. Burke III, Listing Office: Weichert Realtors - Princeton
Video tour
$6,531 Closing Credit¹
Listing Office: NEW JERSEY REALTY, LLC.
$9,369 Closing Credit¹
Diana M Gould, Listing Office: NJ Realty Pros
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MLS Disclaimers and Copyright
Based on information from BrightMLS, and ALL JERSEY MLS for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.