Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 12% from one year earlier, and up 15% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 720-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 50% 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.
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Map Information for Cranbury, NJ
Area Information for Cranbury, NJ
Population:3,989
Median Age:50.79 yr
Median Commute Time:32 mins
Educational Climate*:5
Sales Tax:0%
Population Density:300/sq mi
Population Change Since 2000:23.61%
Closest Airport:Trenton Mercer
Closest College:Princeton Theological Seminary
Closest Jr. College:Mercer County Community Clg-west Windsor
Median Household Income:$172,712
Annual Residential Turnover:0%
Median Home Sales Price:$685,000
Closest Major Sports Team:Trenton Thunder (aa)
Change Avg. Household Income Since 2000:62.66%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Cranbury, NJ
Median Age: 50.79Married: 59%Number of Households: 1,370Households with Children: 438
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
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.