Market Update
Central New Jersey
Q1 2026
Residential Property Snapshot
All | Q1 2026
Med. Sales Price
$540k
6% more than in
Q1 2025
Q1 2025
Avg. Days On Market
51
16% more than in
Q1 2025
Q1 2025
Closed Sales
2,760
9% fewer than in
Q1 2025
Q1 2025
Inventory
2,632
20% fewer than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
- Townhomes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $408k | $483k | 2878 |
| Q1 '23 | $425k | $502k | 2187 |
| Q1 '24 | $475k | $538k | 2982 |
| Q1 '25 | $510k | $584k | 3021 |
| Q1 '26 | $540k | $609k | 2760 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
- Townhomes
| Closed Under $500k | 41.1% |
|---|---|
| Q1 '26 | 1133 |
| Q1 '25 | 1415 |
| 1YR CHANGE | -20% |
| Closed $500k - $1m | 51.3% |
| Q1 '26 | 1415 |
| Q1 '25 | 1407 |
| 1YR CHANGE | +1% |
| Closed $1m - $2m | 7.1% |
| Q1 '26 | 197 |
| Q1 '25 | 175 |
| 1YR CHANGE | +13% |
| Closed Over $2m | 0.5% |
| Q1 '26 | 15 |
| Q1 '25 | 24 |
| 1YR CHANGE | -37% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
- Townhomes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 41 | $408k |
| Q1 '23 | 47 | $425k |
| Q1 '24 | 39 | $475k |
| Q1 '25 | 44 | $510k |
| Q1 '26 | 51 | $540k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
- Townhomes
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-20%
New Listings
New Listings represents the number of properties listed during the quarter.
7%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-16%
Closed Sales
-9%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
16%
Cranbury, NJ
Median
$538k
DOM
87
Sales
5
Inv
14
Hillsborough, NJ
Median
$541k
DOM
39
Sales
79
Inv
53
Hopewell Borough, NJ
Median
$405k
DOM
27
Sales
1
Inv
3
Hopewell Township, NJ
Median
$705k
DOM
32
Sales
64
Inv
74
Lambertville, NJ
Median
$600k
DOM
47
Sales
10
Inv
5
Lawrence Township, NJ
Median
$475k
DOM
57
Sales
59
Inv
60
Montgomery Township, NJ
Median
$838k
DOM
65
Sales
44
Inv
59
Pennington, NJ
Median
$665k
DOM
38
Sales
7
Inv
6
Princeton, NJ
Median
$1.12m
DOM
46
Sales
32
Inv
50
West Windsor, NJ
Median
$755k
DOM
40
Sales
33
Inv
43