Real Estate Market Update for 08620 (Trenton, NJ)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 18% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold decreased 81% year-over-year, and decreased 60% 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 08620 (Trenton, NJ)
Area Information for 08620 (Trenton, NJ)
  • Population: 12,124
  • Median Age: 43.49 yr
  • Median Commute Time: 21.09 mins
  • Educational Climate*: 4
  • Sales Tax: 6.909%
  • Population Density: 1,358/sq mi
  • Population Change Since 2000: 3.93%
  • Closest Airport: Philadelphia International
  • Closest College: Thomas Edison State College
  • Closest Jr. College: Mercer County Community Clg-west Windsor
  • Median Household Income: $89,552
  • Annual Residential Turnover: 9.62%
  • Median Years in Residence: 4.59 yr
  • Median Home Sales Price: $219,950
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 45%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08620 (Trenton, NJ)
Median Age: 43.49 Married: 47% Number of Households: 4,853 Households with Children: 1,475
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 08620 (Trenton, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Yardville Elementary School 2.0 mi Public PRESCHOOL-5 3 3
      Sunnybrae Elementary School 2.9 mi Public K-5 2-5 4
      Yardville Heights Elementary School 3.3 mi Public K-5 3 4
      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 08620 (Trenton, 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.