The Somerset County Home Sales statistics for the month of January are in, and they show a decline in the total sold dollar volume and closed sales. The total sold dollar volume for the month was 11,876,699, which is down 18.9% from the previous year and down 36.3% from the previous month. The number of closed sales for the month was 15, which is down 28.6% from the previous year and down 42.3% from the previous month. However, there was an increase in the median sold price, which was $815,000, up 20.6% from the previous year and up 19.2% from the previous month. The average sold price also increased, reaching $789,233, up 12.5% from the previous year and up 10.3% from the previous month. The median days on the market decreased by 13.8% to 25 days, while the average days on the market remained the same at 43 days, and the median price per square foot increased by 19.5% to $300, and the average price per square foot increased by 18% to $302 from the previous year. However, on a month-over-month basis, the median and average price per square foot only increased by 9.1% and 8.6%, respectively.
People come from near and far to live and work in Princeton NJ, as it is a hub of education and business within the international community. If you are thinking about moving to the area, you are probably wondering how much are house prices in Princeton NJ?
Here are the current stats for the Princeton NJ Housing Market for November of 2022, in order to give you a sense of what the price of homes in Princeton NJ are selling for:
Princeton Real Estate Market Statistics for November 2022:
70 Homes on the Market
Avg List Price: $,1795,000
Median List Price: $1,562,500
16 Units Newly Listed
Median Newly Listed Sales Price: $1,225,000
14 Units Pending
18 Units Sold
Average Sold Price: $1,289,917
Median Sold Price: $1,230,000
For further info, to see a list of all Current Active, Pending and Sold Properties in Princeton NJ with their associated prices, see our Princeton Market Report. Sign up there to receive ongoing Princeton Market Reports on a monthly basis to help you strategize for your next Princeton real estate purchase or sale.
To see All Home listings currently for sale in Princeton NJ, go to Princeton NJ Houses For Sale
Governors Lane includes 65 townhomes arranged around 3 garden courts, designed to match the style of Thomas Jefferson’s plan for the University of VA. The townhomes are stately and solid, with a variation of facades throughout the neighborhood. Governors Lane is located on the north eastern side of Princeton township in close proximity to Princeton Shopping Center, and just a few minutes drive to Downtown Princeton.
Interested in seeing what's for sale in Governors Lane? Click the link to be notified when more come on the market. Is it time to sell your Governors Lane property? Request a custom detailed market report for your home. Or, you can instantly get a quick value.
Governors Lane is an exemplary townhome community conveniently located in Princeton in a quiet neighborhood built starting in 1989-1997. All of the units are townhouses. There are 65 attached townhomes situated around 3 idyllic garden courts, with the homes ranging in size from 2300-3000 sq ft. They range between 3-4 bedrooms, with both attached and detached 2 car garages with basements, colonial style townhomes ranging in prices from $799,000- $1.15 million. All of the units (65 in total) are townhouses which vary between 5 floor plans. They have visual differences along with what was included in the models for sale. The sizes range from approx. 2300-3000 sq ft with 3-4 bedrooms with prices starting at $799,000 and up to $1,150,000 They all have a 2 car garage and a basement. There are 45 condos with 2 bedrooms and 2 baths with prices in the low $400′s. The floor plans are multi-level and also include a basement.
Governors Lane does not have traditional HOA amenities. However, the neighborhood was planned to have the townhomes surrounded by mature trees, with no thru traffic, town water and sewer and underground utility lines. Your common area maintenance, exterior building maintenance, lawn maintenance, snow removal and trash are included in the association fee which is around $825/month.
While offering a quiet, private setting for its residents, Governors Lane is only 2 minutes to Princeton Shopping Center, which provides grocery shopping, hardware and pet supply stores, and a multitude of restaurants and small shops. You are also just a few minute drive to Downtown Princeton and Palmer Square, where you can enjoy McCarter Theater, walking on the campus of Princeton University, and the sumptuous row of restaurants and shops all along Nassau Street, Palmer Square and Witherspoon Street. You will be close to the Dinky train station, which connects to the Princeton Junction station of NJ Transit, with service to NYC.
Elementary school age children attend Littlebrook Elementary School. Middle school kids attend Princeton Middle School. 9th - 12th graders attend Princeton High School. Princeton is also home to a variety of private schools including Princeton Day School, The Hun School, The Lawrenceville School, St Pauls, Stuart Country Day School, The Waldorf School of Princeton, as well as Princeton Montessori School.
If you are interested in seeing the current for sale list of homes in Governors Lane in Princeton NJ, please click here. Visit my website and see all homes for sale in Princeton or all the condos/townhouses for sale in Princeton.
Thank you for reading about Governors Lane in Princeton NJ. Original content published at www.WolfPackHomes.com. You can visit the official Governors Lane website with history and more details by clicking HERE.
Bright On/Off MLS Study
For complete study results, visit BrightMLS.com/OnMLSStudy
In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO. As a result, some sellers think selling their house will be a breeze and see today’s market as an opportunity to FSBO. Let’s unpack why that’s a big mistake and may actually cost you more in the long run.
According to the Profile of Home Buyers and Sellers published by the National Association of Realtors (NAR), 41% of homeowners who tried to sell their house as a FSBO did so to avoid paying a commission or fee. In reality, even in a sellers’ market, selling on your own likely means you’ll net a lower profit than when you sell with the help of an agent.
The NAR report explains:
“FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 in 2020 (up from $200,000 in 2019), and still far lower than the median selling price of all homes at $242,300. Agent-assisted homes sold for a median of $295,000…Sellers who began as a FSBO, then ended up working with an agent, received 98 percent of the asking price, but had to reduce their price the most before arriving at a final listing price.”
When the seller knew the buyer, that amount was even lower, coming in at $176,700 (See graph below):
That’s a lot of money to risk losing when you FSBO – far more than what you’d save on commission or other fees. Despite the advantages sellers have in today’s market, it’s still crucial to have the support of an expert to guide you through the process. Real estate professionals are trained negotiators with a ton of housing market insights that average homeowners may never have. An agent’s expertise can alleviate much of the stress of selling your house and help you close the best possible deal when you do.
If you’re ready to sell your house this year and you’re considering doing so on your own, be sure to think through that decision carefully. Odds are, you stand to gain the most by working with a knowledgeable and experienced real estate agent. Contact Nicole Wolf and The Wolfpack Homes Team at Bekshire Hathaway Fox & Roach Princeton NJ l to learn more about how a trusted advisor can help you, especially in today’s market
Call Nicole Wolf 609-610-5789
HOPEWELL
Please note that all these graphs are informative, you can scroll over each one of them and read carefully.
• Sales
Average sales price in January was $732,500. January was up from $506,667 in December, and up from $435,083 in February of 2020. Each year prices fluctuate and buyers must keep an eye on the market trends to know which time can be most beneficial for purchase.
• Market Time
Average days on market for homes in Hopewell NJ in January 2021 was 60, down from 80 in December 2020.
• Market Hotness
• Number of Homes Sold
Homes for sale in Hopewell NJ continued to trend up and down throughout most of last year, with the highest number of homes sold in February and July, the number of homes sold in Hopewell dropped through the third quarter of the year until October. Ending 2020 with an upward trend through December. We see a slight decrease in homes sold in January. This graph only demonstrates the number of homes sold in Hopewell NJ.
The statistics show the ups and downs. It is important for sellers and buyers to watch these trends in the real estate market. With the new year here, we will keep you informed of the market stats.
• Median Sale Price
As you can see in the above graph, the median sales price in January was $732,500, up from $506,667 in December, and up from $435,083 in February of 2020. June 2020 closed last year with the highest median sale price. Sales are forecasted to increase again as the spring season begins.
• Average Price Per Square Foot
As it is visible from the above graph, in the month of September 2020, the average price per square foot was the highest, reaching $233 per sqft.
• Conclusion
Keep checking these market stats; we will provide them each month. If you would like to discuss the Hopewell housing market and how these trends affect selling your home, please call Nicole Wolf Realtor at The WolfPack Homes Team of Berkshire Hathaway Fox & Roach to discuss an optimum sales strategy at 609-610-5789. Looking for the top Realtor in Hopewell? We have the #1 market share in the local Hopewell NJ area! Whether you are looking to buy or sell a home in Hopewell, or in other neighborhoods such as Applewood, Hopewell Ridge, Sourland Mountains, etc. you can count on us to represent you the best.
Please note that all these graphs are informative, you can scroll over each one of them and read carefully.
• Sales
Average sales price in January was $963,090 up from $962,361 in December, and up from $938,333 in February of 2020. Each year prices fluctuate and buyers must keep an eye on the market trends to know which time can be most beneficial for purchase.
• Market Time
Average days on market for homes in Princeton NJ in January 2021 was 120, up from 64 in December 2020.
• Market Hotness
• Number of Homes Sold
Homes for sale in Princeton NJ continued to trend up in the first and second quarters with the highest number of homes sold in July, the number of homes sold began to drop through the third quarter of the year until November ending 2020 with a spike in December and finally, declining throughout January 2021. This graph only demonstrates the number of homes sold in Princeton NJ.
See the latest Princeton NJ home listings here (make this a link)
The statistics show the ups and downs. It is important for sellers and buyers to watch these trends in the real estate market. With the new year coming, we will keep you informed of the market stats.
• Median Sale Price
As you can see in the above graph, the median sales price in January was $963,090 up from $962,361 in December, and up from $938,333 in February of 2020. October 2020 closed last year with the highest median sale price. Though sales from November through January have remained steady, sales are forecasted to increase again as the spring season begins.
• Average Price Per Square Foot
As it is visible from the above graph, in the month of July 2020, the average price per square foot was the highest, almost reaching $420 per sqft. In November 2020, it dropped down to $350 per sqft and in December 2020 it rose slightly above $350 per sqft. January 2021 showed a steady upward trend.
• Conclusion
Keep checking these market stats; we will provide them each month. If you would like to discuss the Princeton housing market and how these trends affect selling your home, please call Nicole Wolf Realtor at The WolfPack Homes Team of Berkshire Hathaway Fox & Roach to discuss an optimum sales strategy at 609-610-5789. Looking for the top Realtor in Princeton? We have the #1 market share in the local Princeton NJ area! Whether you are looking to buy or sell a home in Downtown Princeton, or in other neighborhoods such as Littlebrook, Riverside, the Western Section or Ettl Farms, Rosedale Acres, etc. you can count on us to represent you the best.
Average sales price for homes sold in Princeton Junction NJ in December was $511,667. December was down from $619,000 in November, and up from $402,667 in January of 2020. Each year prices fluctuate and buyers must keep an eye on the market trends to know which time can be most beneficial for purchase.
• Market Time
Average days on market for homes in Princeton Junction NJ in December 2020 was 58, down from 103 in November 2020.
• Market Hotness
• Number of Homes Sold
Homes for sale in Princeton Junction NJ continued to fluctuate in the first and second quarters with the highest number of homes sold in August, the number of homes sold began to drop through the third quarter of the year until November ending 2020 with a slight spike in December. This graph only demonstrates the number of homes sold in Princeton Junction NJ.
It is important for sellers and buyers to watch these trends in the real estate market. With the new year coming, we will keep you informed of the market stats.
• Median Sale Price
As you can see in the above graph, median sales price for homes sold in Princeton Junction NJ in December was $511,667. December was down from $619,000 in November, and up from $402,667 in January of 2020. April 2020 closed the year with the highest median sale price. Sales are forecasted to increase again as the spring season begins.
• Average Price Per Square Foot
As it is visible from the above graph, in the month of September 2020, the average price per square foot was the highest, nearly reaching $300 per sqft. In November 2020, it dropped down to almost $200 per sqft and in December 2020 it rose rapidly back to above $280 per sqft.
• Conclusion
Keep checking these market stats; we will provide them each month. If you would like to discuss the Princeton Junction housing market and how these trends affect selling your home, please call Nicole Wolf Realtor at The WolfPack Homes Team of Berkshire Hathaway Fox & Roach to discuss an optimum sales strategy at 609-610-5789. Looking for the top Realtor in Princeton Junction? We have the #1 market share in the local Princeton Junction NJ area! Whether you are looking to buy or sell a home in Lawrenceville, Princeton, Montgomery Township, Hopewell, Princeton Junction etc. you can count on us to represent you the best.
Please note that all these graphs are informative, you can scroll over each one of them and read carefully.
• Sales
Average sales price in December 2020 was $609,987, it was down from $717,605 in November and up from $535,189 in January of 2020. Each year prices fluctuate and buyers must keep an eye on the market trends to know which time can be most beneficial for purchase.
• Market Time
Average days on market for the Montgomery Township neighborhood in December was 60, down from 65 in November.
• Market Hotness
• Number of Homes Sold
Homes for sale in Montgomery Township NJ held steady through the first quarter before steadily climbing starting in April and then spiking in June with the highest number of homes sold in July, the number of homes sold began to drop through the third quarter of the year until November ending 2020 with a slight trend up in December. This graph only demonstrates the number of homes sold in Montgomery Township NJ.
The statistics show the ups and downs of home for sale in Montgomery Township NJ. It is important for sellers and buyers to watch these trends in the real estate market. With the new year, we will keep you informed of the market stats.
• Median Sale Price
As you can see in the above graph, the median sales price in December was $609,987 down from $717,605 in November, and down from $535,189 in January of 2020. October 2020 closed the year with the highest median sale price. Sales are forecasted to increase again as the spring season begins.
• Average Price Per Square Foot
As visible from the above graph, in the month of April 2020, the average price per square foot was the highest, almost reaching $245 per sqft at its highest. After a dip in May 2020, it steadily increased until November 2020, before a spike up in December 2020.
• Conclusion
Keep checking these market stats; we will provide them each month. If you would like to discuss the Montgomery Township NJ housing market and how these trends affect selling your home, please call Nicole Wolf Realtor at The WolfPack Homes Team of Berkshire Hathaway Fox & Roach to discuss an optimum sales strategy at 609-610-5789. Looking for the top Realtor in Montgomery Township NJ? We have the #1 market share in the local Montgomery Township NJ NJ area! Whether you are looking to buy or sell a home in Lawrenceville, Princeton, Montgomery Township, Hopewell, Princeton Junction etc. you can count on us to represent you the best.
