Princeton Real Estate Market Update December 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 6.59 months supply of inventory on the market in Princeton on December 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Princeton last month was 59 days.
It took on average 2 days to sell Princeton Condo, Townhouse or a Duplex.
The number of home sales in Princeton from November 1, 2018 through November 30, 2018 was 10 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 $68/Sq.Ft, which is 30% a decline from last month.



In Princeton there were 2 units sold in November in the price range between $48,500 – $83,550 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 858SF.

In Princeton there were 6 units sold in November in the price range between $83,551 – $166,799 with an average of 2.3 bedrooms and 1.7 bathrooms and average Square footage of 1,566SF.

In Princeton there were 2 units sold in November in the price range between $166,800 – $215,000 with an average of 2.5 bedrooms and 2.1 bathrooms and average Square footage of 1,614SF.

The middle price range had the most activity. Homes up to $166,799 were on the market on average 63 days and sold an average of $112,083.

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
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$156,310
$160,155
Median Sales Price
$163,896
$118,600
Month supply of inventory
7.8
6.6
Market Time Detached
71 days
59 days
Market Time Attached
0 days
2 days
Inventory
109 properties
97 properties
Low price range
$77,250 – $120,573
$48,500 – $83,550
Low price range market time
43 days
76 days
Low price range units sold
0
2
Low price range bedrooms
2.6
2
Low price range bathrooms
1.4
1
Low price range approx sqft
1,314 SF
858 SF
Mid price range
$120,574 – $306,947
$83,551 – $166,799
Mid price range market time
120 days
63 days
Mid price range units sold
6
6
Mid price range bedrooms
3.7
2.3
Mid price range bathrooms
2.2
1.7
Mid price range approx sqft
2,323 SF
1,566 SF
High price range
$306,948 – $450,000
$166,800 – $215,000
High price range market time
17 days
5 days
High price range units sold
1
2
High price range bedrooms
5
2.5
High price range bathrooms
3.2
2.1
High price range approxsqft
3,932 SF
1,614 SF

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

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