Balanced Market
Pennington Market Snapshot
Median Sale Price
$615,000
+5.6% YoY
Active Listings
53
+17.8% YoY
Days on Market
65 days
-800.0% YoY
Months of Supply
N/A
N/A YoY
Pricing Trends
Median Sale Price $615,000
Price Change (YoY) +5.6%
Median List Price $639,000
Sold Above List 30%
Price Reductions N/A
Market Conditions
~ Neutral Market
Pennington has balanced supply and demand. Both buyers and sellers have reasonable positions.
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Nearby Areas in Mercer County
Pennington, NJ Real Estate — FAQs
What is the median home price in Pennington, NJ?
The median sale price in Pennington, NJ is $615,000 as of March 2026. This is up 5.6% compared to the same period last year.
Is Pennington, NJ a seller's or buyer's market?
Pennington is currently a balanced market. supply and demand are relatively balanced.
How long do homes take to sell in Pennington, NJ?
Homes in Pennington are currently selling in a median of 65 days on market (slower than last year).
What percentage of homes in Pennington sell above asking price?
30% of homes in Pennington recently sold at or above their asking price, indicating moderate buyer competition.