Is Trenton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Trenton has remained a Seller's Market.
Housing Prices in Trenton, NJ
How much do homes in Trenton, NJ cost?
Median Sold Price
$307,735
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Trenton was $307,735 in April 2024, up 32.3% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $200K | +11.1% |
2 Bedrooms | $192.5K | $273K | +41.8% |
3 Bedrooms | $220K | $307.1K | +39.6% |
4 Bedrooms | $279K | $375K | +34.4% |
5+ Bedrooms | $315K | $325K | +3.2% |
Summary: Trenton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 41.8%, 3 bedroom homes increased by 39.6%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Trenton | $232.5K | $307.7K | +32.3% |
Ewing Township | $302.2K | $337K | +11.5% |
Hamilton Township | $340K | $370K | +8.8% |
Lawrence Township | $400K | $429.9K | +7.5% |
Housing Supply in Trenton, NJ
How many homes are available in Trenton, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
388 | 399 | +2.8% |
Summary: The Trenton real estate market had 399 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 72 | 71 | -1.4% |
3 Bedrooms | 184 | 184 | 0.0% |
4 Bedrooms | 93 | 102 | +9.7% |
5+ Bedrooms | 37 | 40 | +8.1% |
Summary: The Trenton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 80 | -14.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Trenton in April 2024, down by 14.0% month-over-month. Of the 80 sold homes, 24% were sold under asking, 11% were sold at asking, and 65% were sold over asking.
Days on Market for Trenton, NJ
How long does it take to sell a home in Trenton, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 26 Days | +4.6% |
Summary: Homes in Trenton had an average of 26 days on market in Apr 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 80 homes were sold in Trenton; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.