Pennington, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 166 transactions over the past year in Pennington. The median value for residential home transactions that occurred over the previous year is $673,262.22. The number of current listings in Pennington is 204, and the percentage of properties for sale in the city is 93.15%. Pennington, NJ currently has 15 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 204 properties for sale.
Pennington, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 08534 | $ 679,350 $ 336/sqft |
Housing Market Summary for Pennington, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $639.9K | $523.6K | -18.17% |
| Median Sold Price | $562.6K | $523.6K | -6.94% |
| Homes For Sale | 11 | 199 | 1709.09% |
| Homes Sold | 153 | 48 | -68.63% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Pennington, NJ
Browse Homes in Pennington, NJ
Pennington home values range from $93,870 to $1,616,000. The median estimated value of a home in Pennington is $673,262.22. The median list price of a home is 655,000, and the total count of properties in the city is 4,831.
- Pre-ForeclosurePre-foreclosure homes account for 0.29% of all residential properties in Pennington, NJ with 08534 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Pennington, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,212,000 in 08534 to the lowest home value of $325,400 in 08534.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Pennington, NJ ranges from the highest value of $585,900 in 08534 to the lowest value of $585,900 in 08534. Bank owned homes and properties account for 0.02% of properties in Pennington, NJ. There is 1 zips within Pennington, NJ; 08534 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Pennington, NJ. Auction homes and other auction properties account for 0% of all properties in Pennington, NJ. There is 1 zips within Pennington, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.