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 down 30% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 510-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 64%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 460-thousand dollars. The number of units sold increased 40% year-over-year, and decreased 36% 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 Plainsboro, NJ
Area Information for Plainsboro, NJ
Population:23,392
Median Age:40.4 yr
Median Commute Time:35 mins
Educational Climate*:5
Sales Tax:0%
Population Density:1,984/sq mi
Population Change Since 2000:15.72%
Closest Airport:Trenton Mercer
Closest College:Princeton Theological Seminary
Closest Jr. College:Mercer County Community Clg-west Windsor
Median Household Income:$115,456
Annual Residential Turnover:0%
Median Home Sales Price:$422,500
Closest Major Sports Team:Trenton Thunder (aa)
Change Avg. Household Income Since 2000:64.2%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Plainsboro, NJ
Median Age: 40.4Married: 51%Number of Households: 9,568Households with Children: 3,531
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.