Princeton Real Estate Market Update June 2018


Real Estate In Princeton is a balanced market favoring buyers. There is significant amount of homes for sale in Princeton, and buyers are not in a rush to buy yet. There is a 7.17 months supply of inventory on the market in Princeton on June 30, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Princeton last month was 139 days.
The number of home sales in Princeton from May 1, 2018 through May 31, 2018 was 16 units. That is 1% above the number of homes sold last month in Princeton.

The average price per square foot in the area is now $62/Sq.Ft, which is 22% a decline from last month.



In Princeton there were 3 units sold in May in the price range between $9,000 – $57,491 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 863SF.

In Princeton there were 11 units sold in May in the price range between $57,492 – $172,990 with an average of 2.6 bedrooms and 1.5 bathrooms and average Square footage of 1,562SF.

In Princeton there were 2 units sold in May in the price range between $172,991 – $240,000 with an average of 3.5 bedrooms and 1.6 bathrooms and average Square footage of 3,368SF.

The low price range had the most activity. Homes up to $57,491 were on the market on average 39 days and sold an average of $30,916.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Princeton. Search all Princeton homes for Sale on propertyup.com If you are considering viewing Princeton, you may want to do so now!

Princeton
Apr 1, 2018 – Apr 30, 2018
May 1, 2018 – May 31, 2018
Month
April
May
Average Listing Price
$148,960
$155,717
Median Sales Price
$132,737
$105,982
Month supply of inventory
6.2
7.2
Market Time Detached
61 days
139 days
Market Time Attached
0 days
0 days
Inventory
101 properties
109 properties
Low price range
$65,000 – $98,869
$9,000 – $57,491
Low price range market time
98 days
39 days
Low price range units sold
0
3
Low price range bedrooms
2.8
2
Low price range bathrooms
1.5
1
Low price range approx sqft
1,267 SF
863 SF
Mid price range
$98,870 – $174,368
$57,492 – $172,990
Mid price range market time
45 days
159 days
Mid price range units sold
1
11
Mid price range bedrooms
2
2.6
Mid price range bathrooms
1
1.5
Mid price range approx sqft
1,112 SF
1,562 SF
High price range
$174,369 – $216,000
$172,991 – $240,000
High price range market time
18 days
177 days
High price range units sold
3
2
High price range bedrooms
4.3
3.5
High price range bathrooms
3
1.6
High price range approxsqft
2,686 SF
3,368 SF

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source http://realestatevibe.com/princeton-real-estate-market-update-June-2018/

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