Real Estate Market Update for Skillman, NJ
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 9% from one year earlier, and down 5% 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 750-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 76%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 730-thousand dollars. The number of units sold increased 43% year-over-year, and decreased 33% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Skillman, NJ
Area Information for Skillman, NJ
  • Population: 7,011
  • Median Age: 42.1 yr
  • Median Commute Time: 27.65 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 421/sq mi
  • Population Change Since 2000: 22.98%
  • Closest Airport: Newark Liberty International
  • Closest College: Princeton University
  • Closest Jr. College: Mercer County Community Clg-west Windsor
  • Median Household Income: $207,393
  • Annual Residential Turnover: 15.39%
  • Median Years in Residence: 3.29 yr
  • Median Home Sales Price: $630,000
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 80%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Skillman, NJ
Median Age: 42.1 Married: 49% Number of Households: 2,372 Households with Children: 1,103
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 Skillman, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Montgomery High School 0.1 mi Public 9-12 4-5 4
      Village Elementary School 0.1 mi Public 3-4 4-5 5
      Johnson & Johnson Child Devlp Cnt 1.1 mi Private PRESCHOOL-K 0 0
      Montgomery Kid Connection 1.3 mi Private PRESCHOOL-K 0 0
      Orchard Hill Elementary School 1.5 mi Public PRESCHOOL-2 0 5
      Montgomery Lower Mid School 1.5 mi Public 5-6 5 5
      Montgomery Upper Mid School 1.5 mi Public 7-8 5 3
      Rock Brook School 2.0 mi Private K-12 0 1
      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 Skillman, 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.