Market Update
Central New Jersey
Q3 2026
Residential Property Snapshot
All | Q3 2026
Med. Sales Price
$600k
2% more than in
Q3 2025
Q3 2025
Avg. Days On Market
36
3% more than in
Q3 2025
Q3 2025
Closed Sales
4,829
1% fewer than in
Q3 2025
Q3 2025
Inventory
4,023
25% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
- Townhomes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $460k | $531k | 6310 |
| Q3 '23 | $515k | $590k | 4808 |
| Q3 '24 | $555k | $643k | 4938 |
| Q3 '25 | $590k | $674k | 4865 |
| Q3 '26 | $600k | $687k | 4829 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
- Townhomes
| Closed Under $500k | 33.2% |
|---|---|
| Q3 '26 | 1604 |
| Q3 '25 | 1647 |
| 1YR CHANGE | -3% |
| Closed $500k - $1m | 54.6% |
| Q3 '26 | 2638 |
| Q3 '25 | 2633 |
| 1YR CHANGE | 0% |
| Closed $1m - $2m | 11.0% |
| Q3 '26 | 531 |
| Q3 '25 | 541 |
| 1YR CHANGE | -2% |
| Closed Over $2m | 1.2% |
| Q3 '26 | 56 |
| Q3 '25 | 44 |
| 1YR CHANGE | +27% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
- Townhomes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 31 | $460k |
| Q3 '23 | 30 | $515k |
| Q3 '24 | 29 | $555k |
| Q3 '25 | 35 | $590k |
| Q3 '26 | 36 | $600k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
- Townhomes
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
25%
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.
24%
Closed Sales
-1%
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.
3%
Cranbury, NJ
Median
$910k
DOM
49
Sales
12
Inv
14
Hillsborough, NJ
Median
$690k
DOM
37
Sales
134
Inv
116
Hopewell Borough, NJ
Median
$754k
DOM
19
Sales
8
Inv
8
Hopewell Township, NJ
Median
$719k
DOM
33
Sales
127
Inv
87
Lambertville, NJ
Median
$802k
DOM
40
Sales
19
Inv
20
Lawrence Township, NJ
Median
$586k
DOM
29
Sales
83
Inv
75
Montgomery Township, NJ
Median
$995k
DOM
38
Sales
126
Inv
122
Pennington, NJ
Median
$790k
DOM
17
Sales
17
Inv
8
Princeton, NJ
Median
$1.46m
DOM
31
Sales
66
Inv
65
West Windsor, NJ
Median
$935k
DOM
33
Sales
72
Inv
73