Last week, 17 new listings came to market last week in Princeton at an average list price of $1,854,600 and an average of just 5 days on market, reflecting continued inventory growth heading further into the spring market.
Seven properties went under contract at an average list price of $1,857,429. While the reported average days on market was 83, one property had been listed for 365 days and skewed the figure significantly. Excluding that outlier, the remaining six properties averaged approximately 36 days on market. Notably, one of the properties that went under contract was listed at $4,650,000, reflecting continued activity at the upper end of the market.
Four properties closed at an average sale price of $1,446,875 and a median sale price of $1,100,000, representing 98.2% of original list price overall, after an average of 52 days on market.
Overall, last week’s activity reflects a market where well-positioned homes across multiple price points continue to attract buyer interest, even as inventory levels increase.
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Sylmarie Trowbridge | Princeton Luxury Real Estate | Callaway Henderson Sotheby's 