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Balanced Market

Pennington Updated monthly

Pennington Market Snapshot

Median Sale Price
$615,000
+5.6% YoY
Active Listings
53
+17.8% YoY
Days on Market
65 days
N/A 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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Pennington, NJ Real Estate — FAQs

Home prices in Pennington NJ?

The median sale price in Pennington, NJ is $615,000. Home values are up 5.6% compared to last year.

Pennington NJ houses for sale?

There are currently 53 active listings in the Pennington, NJ area. Inventory is moderate — well-priced homes sell within weeks. Contact Steven Frato for new listing alerts.

Is Pennington NJ a seller's or buyer's market?

Pennington is currently a balanced market. supply and demand are relatively balanced.

How fast do homes sell in Pennington NJ?

Homes in Pennington are selling in a median of 65 days — slower than last year. 30% of homes sell at or above asking price.

Good place to buy a home in Pennington NJ?

Pennington is part of Mercer County, NJ — known for its schools, suburban lifestyle, and commute access to Philadelphia and New York. The current market is a balanced market. Median price: $615,000. For a free consultation, contact Steven Frato.