Real Estate Market Update for 08540 (Princeton, NJ)
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 5% from one year earlier, and down 2% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 680-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 440-thousand dollars. The number of units sold decreased 22% year-over-year, and decreased 27% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 08540 (Princeton, NJ)
Area Information for 08540 (Princeton, NJ)
  • Population: 47,651
  • Median Age: 37.22 yr
  • Median Commute Time: 18.37 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 918/sq mi
  • Population Change Since 2000: 12.28%
  • Closest Airport: Newark Liberty International
  • Closest College: Princeton University
  • Closest Jr. College: Mercer County Community Clg-west Windsor
  • Median Household Income: $117,240
  • Annual Residential Turnover: 16.05%
  • Median Years in Residence: 3.34 yr
  • Median Home Sales Price: $470,000
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08540 (Princeton, NJ)
Median Age: 37.22 Married: 39% Number of Households: 17,895 Households with Children: 6,621
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08540 (Princeton, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Princeton Charter School 0.1 mi Public K-8 4-5 4
      J witherspoon Middle School 0.6 mi Public 6-8 5 5
      Princeton High School 0.8 mi Public 9-12 4-5 4
      Littlebrook School 0.9 mi Public PRESCHOOL-5 4 4
      Newgrange School & Educational 1.1 mi Private - 0 4
      Lewis School 1.3 mi Private - 0 0
      Princeton Day School 1.8 mi Private PRESCHOOL-12 0 4
      The Wilberforce School 1.8 mi Private - 0 5
      French American School Of Princeton 1.8 mi Private PRESCHOOL-8 0 4
      The American Boychoir School 1.8 mi Private 4-8 0 4
      P French American School For Princeton 1.8 mi Private PRESCHOOL-7 0 0
      Yinghua International School 1.8 mi Private PRESCHOOL-3 0 0
      Stuart Country Day School 1.8 mi Private PRESCHOOL-12 0 4
      Princeton Academy-sacred Heart 2.3 mi Catholic PRESCHOOL-8 0 5
      Johnson Park School 2.4 mi Public PRESCHOOL-5 4-5 4
      Eden Institute 2.4 mi Private - 0 0
      Princeton Montessori School 2.4 mi Private PRESCHOOL-8 0 4
      The Hun School Of Princeton 2.6 mi Private 6-12 0 5
      Waldorf School Of Princeton 2.8 mi Private PRESCHOOL-8 0 4
      Bright Horizon 3.2 mi Private PRESCHOOL-K 0 0
      Knowledgement Cntr 3.2 mi Private PRESCHOOL-K 0 0
      Knowledge Beginnings 3.2 mi Private PRESCHOOL-K 0 0
      Princeton Friends School 3.8 mi Private PRESCHOOL-8 0 5
      Chapin School 4.6 mi Private PRESCHOOL-8 0 4
      Princeton Child Development Institute 4.7 mi Private PRESCHOOL-12 0 0
      Harmony School At Princeton 5,420.7 mi Private UNGRADE-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 08540 (Princeton, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.