Princeton, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 2,310 transactions over the past year in Princeton. The median value for residential home transactions that occurred over the previous year is $856,211.96. The number of current listings in Princeton is 647, and the percentage of properties for sale in the city is 93.90%. Princeton, NJ currently has 42 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 647 properties for sale.

Princeton, NJ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
08540

$ 848,575

$ 378/sqft

08542

$ 992,300

$ 620/sqft

Housing Market Summary for Princeton, NJ

Mar 2025March 2026Change
Median Listing Price$608K$118.7K-80.47%
Median Sold Price$324.4K$118.7K-63.40%
Homes For Sale79634702.53%
Homes Sold647385-40.49%
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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%.

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Recently Sold Homes

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Browse Homes in Princeton, NJ

Princeton home values range from $93,770 to $1,851,000. The median estimated value of a home in Princeton is $856,211.96. The median list price of a home is 995,400, and the total count of properties in the city is 15,298.

Foreclosure
There are 2 zips within Princeton, NJ; within these zips, the median estimated home value for homes in foreclosure ranges from $1,567,000 in 08542 to the lowest value of $196,600 in 08542. Foreclosure homes account for 0.00% of properties in Princeton, NJ with 08540 containing 39 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.27% of all residential properties in Princeton, NJ with 08540 containing 39 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Princeton, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,567,000 in 08540 to the lowest home value of $196,600 in 08542.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Princeton, NJ ranges from the highest value of $829,200 in 08542 to the lowest value of $829,200 in 08542. Bank owned homes and properties account for 0.01% of properties in Princeton, NJ. There are 2 zips within Princeton, NJ; 08542 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Princeton, NJ. Auction homes and other auction properties account for 0% of all properties in Princeton, NJ. There are 2 zips within Princeton, NJ; of those 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 4.23% of residential properties in Princeton, NJ with 08540 containing 606 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Princeton, NJ; homes for sale in those zips, have a range of median values from $1,721,000 in 08540 to the lowest value of $123,900 in 08540.
    Sold Homes
    The median value for recently sold homes ranges from $1,608,000 in 08540 to the lowest price of $121,000 in 08540. There are 2 zips within Princeton, NJ. 08540 has 373 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.50% of properties in Princeton, NJ.

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