Princeton NJ Real Estate Market ReportMarch 2014

By
Real Estate Agent with Keller Williams Princeton

Princeton NJ Real Estate Market Report March 2014

Princeton NJ Real Estate Market Report March 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.

Princeton NJ real estate market report march 2014

princ march med sales price

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

princ march domCompared 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.

princ march units sold year over year

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.

 

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Comments (3)

Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning and this is some great Info for all in your area,  keep up the good work and good luck with your business,  E

Apr 12, 2014 11:55 PM
Bruce Swedal
Denver, CO
Denver Real Estate

I always enjoy seeing your market reports. The information they contain is well presented and makes it easy to get the complete picture. Thanks!

Apr 13, 2014 03:55 AM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

Good info. I hope to be using the same company as soon as they get in my MLS.

Apr 21, 2014 08:55 AM