The June 2025 Princeton residential real estate market experienced a welcome surge in new listings alongside sustained buyer demand. While the number of Units Sold dipped slightly year-over-year (34 vs. 36), nearly every other key metric moved in a positive direction. Units Listed jumped 77%, offering much-needed inventory after a prolonged period of limited supply. Units Pending increased by 29%, and the average Days on Market fell to just 19, a 46% drop from June 2024, signaling that buyers are quick to act when homes become available. Not surprisingly, the Average Sale Price rose 20% and the Median Sale Price was up 11% year-over-year, underscoring the market’s continued strength and competitiveness.

Viewed in historical context, June 2025 stands out for its rare combination of rising inventory, strong demand, and rapid absorption. The 39 Units Listed marked the highest total since June 2021, and the 27 Units Pended matched June 2022 levels, reflecting steady buyer engagement. Homes also moved quickly, with an average Days on Market of just 19, nearly as fast as the 15-day average seen at the peak of the June 2022 market. Together, these indicators point to a market that is gaining momentum and rebalancing, all while maintaining its competitive edge.

This June’s Pending-to-New Listing Ratio came in at 69%, signaling a healthier balance between supply and demand compared to the ultra-competitive conditions of June 2024, when the ratio peaked at 95%. While buyer demand remains strong, the increase in new listings has helped ease some of the pressure. This shift reflects a more sustainable, yet still highly active market as we move into the second half of the year.

Prices in Princeton continue to climb, with June 2025 reaching new record highs, marking a dramatic shift from pre-pandemic levels, where in June 2019, the Average Sale Price was just over $1.1M, and the Median Sale Price was $1.075M. 

Through the first half of 2025, the Princeton market has shown meaningful year-over-year growth, with 120 Units Sold, up 15% from last year, and 151 Units Pended, the highest mid-year total since 2021. Inventory is also on the rise, with 200 Units Listed year-to-date, providing more opportunity for buyers after two years of tighter supply. Despite the increased activity, the market remains fast-paced with an average Days on Market of just 40, which is in line with recent years and well below pre-2020 norms. Taken together, these trends point to a resilient and well-functioning market.

As of mid-2025, the Pending-to-New Listings ratio sits at 76%, virtually unchanged from the past two years and well above pre-pandemic levels like 57% in 2019. So while there has been more inventory coming to market this year, homes are still being absorbed quickly, keeping conditions favorable for sellers while offering slightly more opportunity for buyers.

Home values in Princeton have continued their upward climb in 2025, with the Average Sale Price reaching $1,700,623 and the Median Sale Price hitting $1,497,500, which are both all-time highs. Since 2019, the Average Sale Price has grown by 70% and the Median Sale Price by 66%.

What’s going on in the greater Princeton area? Through June 2025, Princeton continues to lead the region in both Average and Median Sale Prices, followed by Cranbury and Montgomery Township. In terms of sales volume, Princeton recorded the highest number of closings (120), with West Windsor (116), Hopewell Township (114), and Lawrence Township (113) close behind. On the speed front, Hopewell Borough remains the fastest-moving market with an average of just 17 days on market, followed by Plainsboro (25) and Hopewell Township and Lawrence (30 each).

What is happening now in Princeton? There are 64 Active Units between $675,000 and $6,500,000, 19 Active Under Contract Units between $645,000 and $4,950,000, and 31 Pending Units between $595,000 and $3,200,000 in Princeton. Lastly, 8 new listings have been introduced thus far in July.

As we settle into the heart of summer, the Princeton market continues to show strength and resilience. Inventory has begun to rise, giving buyers more options, yet homes are selling faster than ever, and prices remain at record highs. 

Whether you are considering selling, buying, or want to understand your home’s value in today’s market, I would love the opportunity to help guide you with clarity and diligence every step of the way.

Please don’t hesitate to call (917-396-5880) or email me!