Princeton NJ Real Estate Market ReportMarch 2014

Welcome to Princeton NJ real estate market report for March 2014. Let’s take a look at real estate activity in Princeton NJ. During the month of March 2014 the number of active listings was down 6% from one year earlier and up 23% from the previous month.

Listing Price Vs. Median Sold Price

 The median listing price for homes for sale in Princeton was just over $1.25 million.    While the median sales price was just under $1.35 million.   This is a good sign of a strong market when those two numbers are close.

Days on Market

Compared to the same period as last year, the average number of days Princeton NJ homes spent on the market before being sold was 76 days versus just 39 days for the same period one prior.

The number of units sold increased 100% year over year and decreased 47% month over month. One key factor is the horrible winter weather Princeton has experienced. On the brighter side, homes in the higher price range of $1.750 million and above are experiencing  their fasting times to go under contract in many years.

Sell Your Princeton Home

To find out what your home could sell for, click on this link to receive a more detailed report.  Or, for an instant estimate, click here.

Buy a Princeton NJ Home

Search for all homes currently on the market for sale in Princeton NJ.  This is an automatic feed from the local MLS and updated several times daily. Thanks for watching and reading about Princeton NJ real estate market report for March 2014. We hope you found this video helpful as you gather more information to make smart and informed real estate decisions. If you’d like more information or assistance, please contact Jody Siano at 609-529-8107.