Princeton NJ Housing Market News & Updates

Welcome to Berkshire-Hathaway Real Estate News for Princeton NJ and surrounding townships like Princeton Junction NJ, West Windsor NJ, Montgomery NJ, Skillman NJ, Belle Mead NJ, Lawrenceville NJ, Ewing NJ and more. 

 

March 6, 2024

Princeton NJ Real Estate Market Report for February 2024: Essential Insights for Buyers and Sellers

Currently, the Princeton, NJ real estate market is witnessing a remarkable phase of high demand paired with a limited supply of listings, as indicated by a Months Supply of Inventory of just 1.5. This highlights a significant shortfall in the availability of Princeton homes for sale to satisfy the surging buyer interest.

 

In the past year, the Princeton, NJ real estate market has seen a sharp 39.52% decline in the Months of Inventory, emphasizing a drastic reduction in the time it would take to sell off all current listings at the ongoing pace of sales. This trend points to an intense demand for Princeton, NJ homes for sale and a fast-moving environment where listings are quickly changing hands.

 

Princeton homes are finding buyers in a median of 51 days from listing to sale, underscoring a swiftly moving market. This brisk pace is primarily driven by fierce competition among buyers, spurred by the scant inventory of Princeton, NJ homes for sale, which accelerates the selling process for homeowners.

 

The List to Sold Price Ratio in the Princeton, NJ real estate sphere is remarkably high at 99.2%, indicating that Princeton homes are being sold for nearly their full listed price. This reflects a seller's market, where sellers are successfully securing almost their entire asking price, highlighting the strong bargaining position of those listing Princeton, NJ homes for sale.

 

Moreover, the Median Sold Price for Princeton, NJ real estate has soared to $1,036,000, showcasing that homes in this area are commanding premium prices. The combination of robust demand and scarce inventory is propelling the prices upward, making the market for Princeton homes highly competitive and lucrative for sellers.

 

In summary, the Princeton, NJ real estate landscape is characterized by intense demand, limited availability of Princeton homes for sale, rapid sales turnover, a strong seller's market, and high sale prices. Those interested in Princeton, NJ homes for sale or planning to list their property should brace for a competitive market scenario, where swift decisions and readiness to meet market prices are key to success.

 

If you have any questions or are seeking further details, don't hesitate to get in touch with Nicole Wolf, a dedicated Princeton Realtor at Berkshire Hathaway Fox & Roach Realtors located in Downtown Princeton. You can reach me at 609-610-5789. I am committed to assisting you through the complexities of the real estate market, whether you're planning to buy or sell. Discover the full range of Princeton, NJ homes for sale by visiting our website at www.wolfpackhomes.com/princeton-houses. My goal is to provide you with the guidance and support needed to make informed decisions in this competitive market.

Posted in Market Updates
Feb. 19, 2024

Is Princeton NJ A Good Place to Live? An In-depth Look at Community, Schools, and Lifestyle

Is Princeton NJ a Good Place to Live? An In-depth Look

As a top Princeton real estate agent with my office on Nassau Street, who has lived in the Princeton area for over 15 years, I've experienced firsthand what it's like to call this place home. Not only have I navigated the local real estate market professionally, but I've also immersed myself in the community, sending my children through the Princeton Public Schools. From this unique vantage point, I'm excited to share with you why Princeton NJ is more than just a good place to live—it's a vibrant, nurturing, and dynamic community that many are proud to call home.

 

Collage highlighting Princeton, NJ as a potential living place, featuring autumn foliage over historic buildings, a happy family on bicycles, and a selection of wine bottles with 'Princeton' on the labels, with text overlay 'PRINCETON NJ - Is it a good place to live?

Introduction to Princeton's Living Conditions

There's more to Princeton than just Princeton University, and thankfully, you don't have to be a member of MENSA to live here! All jokes aside, Princeton offers the charm of tree-lined neighborhoods and a sense of community among its approximately 30,000 residents. Its location in central New Jersey, coupled with an efficient transit network, puts it a quick train ride away from both New York City and Philadelphia. This unique blend of small-town charm and accessibility to major cities makes Princeton's living conditions exceptionally appealing.

A Brief Overview of Princeton's Historical Significance

Princeton is not just known for its ivy-covered buildings; it's a town steeped in rich history. From pivotal Revolutionary War battles to housing some of the most influential figures in American history, Princeton's past is a tapestry of events that have shaped not only the town but the nation. This historical significance adds a layer of depth to the community, making it not just a place to live but a place to be part of a living history.

The Dual Nature of Princeton as a College Town

Princeton's identity is undeniably intertwined with that of Princeton University, one of the oldest universities in the United States. This relationship bestows the town with a dual nature, combining the vibrancy of college life with the tranquility of a residential community. The university's rich history and its role in American history contribute significantly to the town's character. At the same time, the presence of over 8,000 students brings a youthful energy that permeates local establishments and community events, enriching the college town experience for everyone.

The Costs Associated with Living in Princeton

Living in Princeton, one of the best places to live in New Jersey, comes with its costs. The average price of homes reflects the high demand for the quality of life here. Check out the most recent Princeton, NJ market report here for the latest homes sale prices. While the costs might be higher than the national average, Princeton residents enjoy safe neighborhoods, excellent schools, lush parks, and proximity to major cities. Moreover, the strong sense of community, access to amenities, and low crime rates make the financial investment worth considering for many.

Housing and Real Estate Insights

As a top real estate agent in Princeton, I've seen firsthand the evolution of the housing market. The demand for homes in Princeton reflects not just the desire for a place to live but for a place to thrive. The wide range of architectural styles and community layouts offers something for everyone, from historic homes in the Western Section to modern apartments.

Pros

Living in Princeton is characterized by access to top-tier education, from public schools like Princeton High School, renowned for its high standards and achievement, to Ivy League Princeton University. The town boasts lush parks, extensive collections in local libraries and museums, and a vibrant community life. These features make it an ideal place for families, academics, and young professionals alike, seeking a balanced and enriching lifestyle.

Cons

However, the high quality of life in Princeton does come at a cost. The real estate market is competitive, with prices significantly above the national average. For some, this can make the dream of living in Princeton more challenging to achieve. Furthermore, the high property taxes reflect the premium services and amenities available, which might not be feasible for everyone's budget.

Everyday Living Expenses

Living in Princeton, I've found that the everyday expenses offer a unique blend of value and quality of life. With its tree-lined neighborhoods, Princeton combines the charm of a close-knit community with the convenience of a central New Jersey location. This means that while you might spend a bit more on groceries and dining out compared to other towns, you're also investing in a lifestyle that's hard to find elsewhere. The accessibility to New York City and Philadelphia via a quick train ride adds tremendous value, making it possible to enjoy the cultural and entertainment options of major cities without the higher cost of urban living.

Quality of Education in and Around Princeton

As a parent whose children have gone through the Princeton Public Schools, I can personally attest to the high quality of education here. Downtown Princeton itself is a hub of academic excellence, surrounded by some of the best schools in the state. The commitment to education is palpable, from public to private institutions, ensuring that every child receives a top-notch learning experience. This environment not only fosters academic growth but also prepares students for successful futures, making Princeton an ideal place for families prioritizing education.

Top Public Schools Serving Princeton

Princeton High School, with its rating of 3 out of 5, and the other public schools in Princeton stand as testaments to the town's commitment to education. These schools, including the esteemed Princeton High School, provide a robust learning environment. The ratings, such as schoolrating 4 for some, reflect the community's trust and satisfaction with the educational standards upheld here. It's a privilege to have my children attend schools that are so highly regarded.

Princeton High School

Princeton High School, with its rating of 3 out of 5 and being part of the distinguished public schools in Princeton, has been a cornerstone of my children's education. The school's comprehensive curriculum and dedicated faculty have played a pivotal role in their academic and personal development. It's a school where excellence is not just pursued but is a tradition.

Littlebrook Elementary School

Littlebrook Elementary School, nestled in the heart of Princeton, NJ, continues to shine as a beacon of educational excellence.  In its latest ranking, it has upheld its reputation by being recognized as one of the top elementary school sin New Jersey, reflecting its commitment to fostering an enriching and supportive learning environment for its students. See all homes for sale in the Littlebrook area of Princeton, NJ here.

Top Private Schools Near Princeton

Near Princeton, prestigious private schools such as The Lawrenceville School, Princeton Day School, and The Hun School, all boasting a schoolrating 4, offer unparalleled educational opportunities. These institutions are not just schools; they are gateways to higher learning and future success. Located conveniently in and around Princeton, they provide easy access for families living in Princeton or surrounding towns. 

The Lawrenceville School

The Lawrenceville School, with its schoolrating 4, is a beacon of excellence in private education. Its historic campus and forward-thinking approach to learning make it a top choice for families seeking an exceptional educational experience for their children.

Princeton Day School

Princeton Day School, also with a schoolrating 4, stands out for its commitment to fostering intellectual curiosity and academic rigor. Its vibrant community and holistic approach to education ensure that students are well-prepared for the challenges of the future.

The Hun School

The Hun School, with its expansive campus and schoolrating 4, offers a nurturing yet challenging environment for students to grow both academically and personally. Many families choose to send their children to this school to benefit from the individual attention and diverse programs that cater to their unique interests and talents.

The Community and Lifestyle

Living in Princeton is a joy for individuals and families. The community here is vibrant, welcoming, and rich with cultural and recreational activities. From the arts and athletics to the various cultural and affinity groups, there's always something happening. The emphasis on health, wellness, and serving the public good resonates with most resident's personal values, making Princeton not just a place to live, but a place to grow and always be learning.

Crime & Safety in Princeton

In my 15 years living here, I've found Princeton to be a relatively safe town. The focus on community safety is evident, and while no place is immune from crime, the instances of violent crime are notably low. This peace of mind has been invaluable, especially as a parent.

Local Amenities and Public Services

Princeton's local amenities and public services are second to none. From the excellent public schools, including Princeton High School, to the unique dining experiences at places like Jammin Crepes and Contes Pizzeria, the town caters to a wide range of needs and preferences. The commitment to providing high-quality services and amenities contributes significantly to the quality of life here.

Public Transportation Accessibility

The accessibility of public transportation in Princeton has been a game-changer for me, especially with the demands of a busy real estate career. The reliable transit network makes it easy to navigate the town and beyond, enhancing our connectivity to major cities and job hubs.

Healthcare Facilities

The healthcare facilities in Princeton are top-notch, offering comprehensive care and peace of mind for families. Knowing that high-quality medical services are readily available has been a great comfort to me and my family over the years.

Employment Opportunities

Princeton's job market is vibrant, with employment opportunities ranging from academic positions at Princeton University to roles in multinational companies. This diversity in employment options has been crucial for me, allowing me to thrive professionally without compromising on the quality of personal life that Princeton offers.

Job Market Analysis

Living in Princeton, I've seen firsthand how the job market flourishes, primarily because of Princeton University, which isn't just for professors. There are numerous administrative roles, making it a pivotal employer. Beyond academia, Princeton boasts a wealth of opportunities in multinational companies and small businesses alike. From retail to health & wellness, the diversity is vast. Notably, giants like Johnson & Johnson, BlackRock, and Bristol Myers Squibb also offer promising careers. This variety ensures that whether you're just starting out or looking for something new, Princeton's job market is adaptable and vibrant.

Proximity to Major Cities and Job Hubs

One of the benefits of living in Princeton is its strategic location. While it maintains a charming small-town vibe, it's conveniently close to major job hubs. New York City and Philadelphia are easily accessible, providing even more employment opportunities across various industries. This proximity blends the best of both worlds — living in a peaceful, historic town with access to the hustle and bustle of city life and its plethora of job options. It's perfect for professionals who crave a balanced lifestyle.

Recreational and Cultural Aspects

Princeton isn't just about work; it's a town that celebrates life. Between its rich history, vibrant arts scene, and outdoor adventures, there's always something to do. As a real estate agent here, I've explored every corner and experienced the diverse cultural tapestry that makes this place unique. Whether you're an art aficionado, history buff, or nature lover, Princeton's recreational and cultural offerings cater to all interests, making it a wonderful place to call home.

Things to Do and Places to Explore

Exploring Princeton offers a blend of historical charm and natural beauty. The Princeton University Art Museum is a treasure trove of art and culture, while the surrounding Mountain Lakes and the D&R Canal State Park offer serene escapes into nature. The Arts Council and McCarter Theatre Center are hubs of creativity, hosting a variety of shows and workshops. For history enthusiasts, the Morven Museum and the battlefields of Princeton offer a glimpse into America's past, making every weekend an opportunity for a new adventure.

Local Favorites and Cuisine Scene

Princeton's cuisine scene is as rich as its history. From cozy cafes to gourmet restaurants, there's a flavor for every palate. The town's connection to the Revolutionary War adds a historical flavor to dining, with some eateries even offering dishes inspired by the era. The Princeton Battle Monument and sites related to the Battle of Princeton serve not just as reminders of our nation's history but also as unique backdrops for a culinary journey. 

Events, Entertainment, and Arts

Living in Princeton opens up a world of cultural and entertainment opportunities that are hard to find elsewhere. For art enthusiasts, the McCarter Theatre Center is a gem, having earned a Tony Award for outstanding regional theater, and it's within easy walking distance for anyone wanting to catch a show. Just a short stroll away, the Morven Museum and Garden invites visitors to explore over 200 years of history through its remarkable collection of fine and decorative arts. For those who enjoy a good tune or a captivating film, local venues host live music across various genres, and the Princeton Garden Theatre offers a mix of the latest blockbuster movies, timeless Hollywood classics, and intriguing foreign films. This vibrant scene ensures there's always something going on to keep you entertained.

Making the Move to Princeton

If your company is relocating to Princeton, you're stepping into a welcoming business community bustling with opportunities for growth and networking. Princeton's thriving downtown, complemented by a vibrant business atmosphere, is eager to welcome new faces. From customized move plans that cater specifically to your business needs to a seamless transition ensured by our experienced team, moving your office to Princeton promises a fresh start in a dynamic environment. The town's strong support for new businesses makes it an ideal place to relocate and thrive.

Pros and Cons of Relocation

Considering moving to Princeton brings to light various advantages and disadvantages. The town boasts a wealth of amenities, including restaurants, coffee shops, and grocery stores, all conveniently located within walking distance. The area scores high in terms of commute convenience, thanks to excellent public transit and shorter-than-average work commute times. Moreover, the crime rate is significantly lower than the national average, ensuring a safe living environment. The local job market is robust, reflected in higher-than-average median household income and lower unemployment rates. However, these benefits come with a high cost of living, which is an important factor to consider when thinking about relocating to Princeton.

Pros

One of the major perks of living in Princeton is the accessibility to a variety of amenities. Everything from charming coffee shops to fully-stocked grocery stores is just a short walk away. The area's excellent public transportation system and favorable commute times make getting around a breeze. Princeton’s low crime rates far below the national average contribute to its appeal as a safe place to live. Additionally, the strong job market, evidenced by high median household income and low unemployment rates, offers plenty of employment opportunities. The combination of these factors creates a highly desirable living environment for residents.

Cons

The primary drawback of relocating to Princeton is the high cost of living, which may be a significant consideration for some families and individuals.

Final Thoughts for Potential Movers

As a top real estate agent in Downtown Princeton NJ, and having lived in the Princeton area for over 15 years, I've seen many families thrive here, including my own. Moving to Princeton means embracing a lifestyle that combines the charm of a small town with the sophistication of a city. Whether you're eyeing single-family homes, luxury homes, or something in between, Princeton offers a variety of housing options to suit different preferences and budgets. The exquisite food options, beautiful parks, and the overall inviting atmosphere make it a charming town to call home. If you're considering making the move, I'm here to guide you through every step, ensuring you find a place that feels like home.

A Conclusion on Life in Princeton NJ

Living in Princeton NJ has been a rewarding experience for my family and me. It stands out as one of the best places to live in New Jersey, not just for its prestigious university but for the quality of life it offers. The town provides a perfect blend of suburban comfort with easy access to major cities like NYC and Philadelphia, making it ideal for those who appreciate a serene environment without losing touch with urban life. Princeton's vibrant community, rich history, and diverse cultural scene contribute to its unique charm, making it more than just a college town.

Weighing the Pros and Cons: Is Princeton NJ the Right Place for You?

Deciding to live in Princeton requires considering both its advantages and limitations. The town's low crime rates, high-quality education system, and the abundance of amenities like coffee shops, grocery stores, and parks, positioned conveniently around, provide a comfortable and secure living environment. Princeton's housing market, while offering beautiful homes and lush green surroundings, comes with a high cost of living. The weather, with its crisp fall and spring and the picturesque snowy winters, might not be for everyone. However, if you value a dense suburban feel, highly rated schools for your children, and a community that boasts a rich history and cultural depth, Princeton might just be the perfect place for you. As someone who has lived and worked here for years, I can attest to the fulfilling lifestyle Princeton offers, making it a worthy place to consider calling home.

Posted in Princeton NJ
Dec. 26, 2023

Princeton NJ Home Sales Market Report November 2023

Princeton NJ Home Sales Market Report -
November 2023

Welcome to an insightful analysis of Princeton NJ home sales for November 2023 and other data relating to real estate listings metrics today. I'm thrilled to share compelling data information deemed reliable by several New Jersey multiple listing services and local brokerage firms, offering valuable insights into the current market conditions. Let's jump right into the details!

Princeton NJ Real Estate Market Report

Current Inventory of Houses For Sale in Princeton NJ

To kick things off, let's delve into the Months Supply of Inventory, currently standing at 1.54. This metric signifies the estimated months needed to sell all current inventory at the current sales pace, specifically in the Princeton, NJ area. A lower figure indicates a seller's market, where demand outstrips supply. With a 1.54 months supply, it's safe to say Princeton NJ real estate is in the midst of a highly competitive sellers market! 

This is great news for owners of houses in Princeton who are in the planning stages for getting ready to sell. Many potential sellers search Princeton NJ home sales zillow, but better yet is to access the updated list of all Princeton NJ Houses For Sale at the Wolfpackhomes.com Princeton Market Report Page

Princeton NJ Real Estate Trends - Timing of Princeton New Jersey Home Sales

Now, turning our attention to the 12-Month Change in Months of Inventory, we note a significant decrease of -47.08%. This points to a substantial reduction in the time required to sell all inventory compared to the previous year, specifically in Princeton, signaling an even more competitive market. Buyers should be prepared for limited options and potential bidding wars. This requires buyers to prepare ahead of time and select an experienced Buyer's Agent to represent them. The reason for this is to work with one professional who can take them through the homebuying journey, which in the current Princeton real estate market, means that they will most likely have to bid on several homes before they have a winning outcome. It is recommended for Buyers to choose their agent and go through this process with them as your trusted advisor, working a delicate balance between meeting all of the 'musts' of the Buyers and also crafting a winning bid by knowing how to present the most competitive offer possible for that Princeton home.  

Princeton NJ Homes For Sale - Median Days on Market

Shifting focus, let's explore the Median Days Homes are On the Market, a mere 29 days on average in Princeton, NJ. This metric reflects the typical duration from listing to contract. With such a brief timeframe, it's evident that properties are swiftly moving off the market, underscoring high demand and rapid turnover in today's real estate landscape. For homeowners thinking of selling their house in Princeton NJ and asking 'What is my house value?", the first step is to get an instant quote for your Princeton home at this free home value estimator

List to Sold Price for Houses in Princeton

Now, onto the List to Sold Price Percentage, an impressive 106%. This metric reveals that, on average, Princeton New Jersey homes for sale are selling for 6% above their initial listing price. This underscores sellers' advantageous negotiating positions, with the ability to command higher prices. Princeton NJ home buyers should be prepared to submit competitive offers to secure their desired homes.

On the flip side, this means that homeowners ready to sell their Princeton properties are currently in the driver's seat. It is recommended to work with a Professional Local Princeton Real Estate Expert who will guide them in setting a correct asking price, produce optimum marketing materials and will take them through the home selling journey in an organized, efficient manner. 

Estimated Median Home Price for Princeton Real Estate including Single Family, Townhomes and Condos

Finally, let's touch on the Median Sold Price, a remarkable $1,124,500 in Princeton, NJ. This figure represents the midpoint of all sold home prices, indicating the overall market value in this specific region. The high median sold price suggests a thriving real estate market in Princeton, NJ, attracting buyers willing to invest in higher-priced properties. Keep in mind, number of bedroom and baths are a factor in price, but more important is location. Currently, the favorite areas for homebuyers are walkable Princeton neighborhoods like Downtown Palmer Square, Princeton North, as well as Riverside. The closer to Witherspoon Street, Princeton High School and of course homes for sale near Princeton University command the highest sales prices, highlighted by real estate brokerage sales. To search All Princeton NJ Houses For Sale, CLICK HERE

Summary of Recently Sold Homes Princeton NJ

In summary, the interplay of these real estate metrics paints a vivid picture of a fiercely competitive market characterized by limited inventory, swift turnover, and sellers enjoying the upper hand in pricing negotiations. Buyers searching for Princeton homes for sale, be ready to act decisively and present robust offers, while sellers can anticipate strong demand and the potential for higher selling prices for either single family homes, condos and townhomes in Princeton NJ. 

As an experienced Princeton NJ Real Estate Agent, I appreciate your presence today and trust that this analysis, particularly focusing on Princeton NJ home sales, has furnished valuable insights for your Central NJ real estate pursuits, no matter the number of beds, baths or acres! If you have any questions or need further clarification, feel free to reach out to Nicole Wolf, Top Princeton NJ Realtor at Berkshire Hathaway Homeservices Fox & Roach, located right in the heart of Downtown Princeton New Jersey at 609-610-5789 or email Nicole at nicolewolfrealestate@gmail.com.

Posted in Market Updates
June 1, 2023

5 Effective Ways to Boost Your Home's Curb Appeal and Attract Potential Buyers

When selling your home, its best to keep the Buyer’s perspective at the forefront; the significance of first impressions cannot be overstated. The exterior of your property serves as a captivating preview, offering potential buyers a glimpse into the experience that awaits them within its walls. By investing time and effort into improving your home's curb appeal, you can significantly increase its desirability and attract a larger pool of interested buyers. 

 

In this article, we will share expert tips, innovative ideas, and actionable strategies to help you transform your home's exterior, making it irresistible to prospective buyers. Whether you're planning to sell soon or simply want to enhance the overall look of your property, this guide is your go-to resource for achieving remarkable curb appeal. Let's dive in and unlock the secrets to captivating buyers from the moment they set eyes on your home!

 

1. Revitalize Your Outdoor Space
Elevating the landscape surrounding your home is crucial in crafting an aesthetically pleasing exterior. Take into account the following suggestions:

 

  • Precisely trim and sculpt the outdoor landscaping including any trees, bushes, hedges or hardy plants, giving them a tidy and well-groomed look.
  • Strategically introduce vivid flowers and plants to inject bursts of vibrancy.

  • Maintain a pristine lawn by keeping up with a regular mowing schedule, eliminating weeds, and providing sufficient watering.




2. Make It New With a Fresh Coat of Paint or Stain
Give a new lease on life to your home's exterior paint. Consider the following steps:

 

  • Revamp the color with a fresh coat of paint, choosing a hue that complements your home's architectural style and works seamlessly with the homes around yours.
  • Ensure a smooth and even application by properly cleaning and prepping the surfaces beforehand.
  • Invest in high-quality paint products to achieve a long-lasting and durable finish - buyers will notice this!

 

 

 

3. Main Entrance For The Win!
Welcome guests with a captivating entrance by following these tips to create an inviting front door, the focal point of your home's exterior:

 

  • Get down and dirty with a sponge! Make your front door sparkle; if it has too much wear and tear, go ahead and give it a new paint job with a color that pops. Red is always a favorite!
  • Change up that hardware - this is a cost effective way to show home improvement and care the second before Buyers walk into the foyer. This is a strategic upgrade that has a major impact on the Buyer’s mindset as they view your home. 
  • Add a combination of Hurricane Lamps (think Pottery Barn) and a Potted Plant to complement the paint color of the front door.  Again, this shows care and attention to detail that Buyers will appreciate. 

 

 

 

4. Revamp Outdoor Ambiance with Upgraded Lighting Solutions
Transform the atmosphere of your exterior space by upgrading your lighting. Try the following:

 

  • Introduce Walkway Lighting: Brighten up the Buyers stroll up to the front door with pathway lighting fixtures. This not only enhances safety but also adds a welcoming and inviting feel to your home. Choose fixtures that blend seamlessly with your overall outdoor design.
  • Accent Lighting: Highlight the key features of your landscape, such as trees, plants, or architectural elements, with well-placed accent lighting. This creates depth and visual interest while adding a touch of elegance to your outdoor area.
  • Double check that your outdoor lighting is in good shape - hire an electrician if needed. Make note of any bulbs that have burned out and replace accordingly. 

 

 

 

5. Revatilize the Drive and Walk Up to Your Home
Enhance the visual impact of your home by focusing on upgrading your driveway and walkways. Consider the following tips:

 

  • Think Pristine! Really get that driveway or walkway in tip top shape. If it means repaving, go for it. If you decide to patch instead of repave, be careful that unsightly seams don’t show. 
  • Clean and Shiny - make sure all walkways, driveways and pathways up to the front door are pressure washed and looking their best.
  • Creative Edging: Add a touch of elegance to your driveway and walkways by installing decorative edging. This can be done using materials like bricks, stones, or pavers. Edging not only adds visual appeal but also helps define the boundaries and provides a finished look.

 

 

In Conclusion, Investing time and effort into enhancing the curb appeal of your home is a valuable endeavor, especially when you aim to attract prospective buyers who will pay top dollar. By applying these recommendations, you can craft an alluring exterior that makes a favorable and enduring impact. Its all about the Buyer’s perspective; keep in mind that an aesthetically pleasing home from the outside greatly heightens the likelihood of a successful sale, ultimately optimizing the value of your property. When the Buyers know that you care by seeing the time, effort and money invested in the curb appeal of the home, they will respond with care and interest.

 

Check out home listings on our site to get a visual sense of how other sellers present their homes, its always a great way to get more ideas! Click on Advanced Search and navigate to your town and neighborhood. We are also always here to discuss curb appeal improvement as well as interior staging tips when you are getting your home prepared - give us a call! 

 

May 9, 2023

A Look at the Princeton NJ Real Estate Market: Trends, Opportunities, and Challenges

A Look at Princeton's Real Estate Market: Trends, Opportunities, and Challenges

 

A Look at the Princeton NJ Real Estate Market:
Trends, Opportunities, and Challenges

 

Princeton NJ Real Estate Market Trends



Welcome to our latest blog post, where we take a closer look at the real estate market in Princeton, New Jersey. Princeton is a vibrant town located in Mercer County, home to the prestigious Princeton University,, historical landmarks, and a diverse range of cultural attractions. With its charming neighborhoods, excellent schools, and thriving business community, it is no surprise that Princeton has become a highly sought-after location for homebuyers. However, like any other real estate market, Princeton has its own unique set of trends, opportunities, and challenges. In this post, we will explore the current state of the Princeton real estate market, highlight emerging trends and opportunities, and discuss the challenges that prospective homebuyers may face when looking to purchase a home in this desirable location.

 

Thinking of Buying A Home in Princeton New Jersey?

 

Prospective homebuyers in Princeton, New Jersey should understand the importance of studying the local real estate market when searching for their dream home. By keeping abreast of trends and patterns in the market, buyers can make informed decisions and avoid potential risks. This information can help buyers identify opportunities, determine when to buy, what to buy, and at what price.

 

Furthermore, studying the real estate market can help buyers become familiar with the local market conditions and assess the value of their prospective property. This knowledge can help buyers negotiate better deals, secure favorable financing terms, and avoid overpaying for their property. Understanding the market can also assist buyers in predicting potential resale value and future investment opportunities. By doing their homework on the local real estate market, prospective homebuyers in Princeton, New Jersey can make confident and informed investment decisions.

 

The best way to do this is by studying the Princeton Real Estate Market Reports which show all Active, Pending and Sold Home Listings for a 6 month period.  See the latest Princeton Market Report HERE.

A Brief Overview of the Princeton NJ Real Estate Market



Princeton's real estate market is one of the most dynamic and diverse markets in New Jersey. The town's rich history, cultural attractions, and prestigious universities attract a diverse mix of residents, including families, young professionals, and retirees. Over the years, Princeton has seen steady growth in its population, with demand for housing increasing in response to the town's growing reputation as a hub for academic and cultural activities.

 

The real estate market in Princeton is influenced by several factors, including the town's location, demographics, and economic conditions. While the pandemic has had a significant impact on the market, leading to changes in buyer behavior and preferences, the demand for quality housing in Princeton remains high. As a result, the real estate market in Princeton is continuously evolving, and it is essential for both buyers and sellers to stay abreast of the latest trends and developments to make informed decisions. In this blog post, we will take a comprehensive look at Princeton's real estate market, its trends, opportunities, and challenges.



The history of Princeton's real estate market dates back to the early 18th century when the town was first settled. Over the years, the real estate market has evolved, reflecting the changing needs and preferences of buyers and sellers. In the 19th century, the town became a popular destination for wealthy families seeking a peaceful retreat from the hustle and bustle of city life. This led to the development of large estates and mansions, many of which still stand today as prized examples of Princeton's architectural heritage. As the town grew in popularity, so did its real estate market, with new neighborhoods and subdivisions sprouting up to meet the demand for housing. Today, Princeton's real estate market continues to thrive, attracting a diverse range of buyers and investors looking for a slice of the town's unique charm and history.

 

The past five years have been a rollercoaster for the Princeton real estate market, with the impact of Covid-19 adding another layer of complexity. Prior to the pandemic, the market was experiencing steady growth and a high demand for homes, with prices steadily rising. However, the pandemic caused a temporary slowdown in the market, as buyers and sellers alike were hesitant to make any major moves. This led to a decrease in inventory and a decrease in sales.

 

However, as the pandemic began to subside and restrictions were lifted, the Princeton real estate market began to bounce back. In fact, many experts have noted that the pandemic has actually fueled the demand for homes in suburban areas, including Princeton. With remote work becoming more common and people seeking more space, the market has seen an increase in demand for larger homes and homes with outdoor space. As a result, prices have continued to rise, and the market remains strong, with a promising outlook for the future.

 

The Princeton NJ Real Estate Market - Spring 2023

 

The current state of the Princeton NJ real estate market is marked by a high demand for properties and a low inventory of homes for sale. This has resulted in a competitive market, with bidding wars and above-asking price offers becoming increasingly common.

 

Princeton NJ's real estate market is often compared with its neighboring towns, including West Windsor, Montgomery, and Hopewell. While these areas have similar demographics, school systems, and commuting options, Princeton's real estate market stands out for its strong demand and higher home prices. In recent years, Princeton has experienced a surge in demand, particularly for its luxury properties, due to its high-ranking schools, cultural attractions, and proximity to major cities like New York and Philadelphia. Despite the pandemic, the demand for Princeton's real estate has remained high, and the market has continued to be competitive, with low inventory and multiple bidding situations. However, neighboring areas like Montgomery and Hopewell have also seen a rise in demand and home prices, albeit at a slower pace than Princeton.

 

According to Bright MLS, the Princeton NJ real estate market is expected to remain strong in the coming years. The market is projected to experience steady growth in terms of both home prices and sales volume. However, the rate of growth is expected to slow down slightly compared to previous years, as the market adjusts to the post-pandemic environment. Inventory is expected to remain tight, which could lead to increased competition among buyers and potentially higher prices. Despite the challenges, the overall outlook for the Princeton NJ real estate market remains positive, with continued demand from both local and out-of-town buyers.

 

The real estate market in Princeton, New Jersey is dynamic and ever-changing. Understanding the latest trends is crucial for buyers, sellers, and real estate professionals to make informed decisions.

 

Current Trends in the Princeton Real Estate Market

 

The demand for properties in Princeton NJ is currently high, with many people relocating from urban areas to more spacious suburban homes. The limited supply of available homes has driven up prices and resulted in multiple offers on most properties. This has created a competitive market that can be challenging for buyers, but favorable for sellers looking to maximize their returns. As a result, it is important for buyers to work with experienced agents who can help them navigate the market and make informed decisions.

 

princeton market trends

 

As of the latest data available, the housing inventory in Princeton, NJ remains relatively low compared to demand, with a limited number of homes available on the market. This has created a competitive seller's market where homes are selling quickly and for high prices. However, this may also present challenges for buyers who may have difficulty finding a home that fits their criteria and budget. The low inventory is partially due to the high demand for homes in the area, as well as the limited space for New Construction projects in the town.

 

Currently, the median home price in Princeton NJ is around $950,000, which is a significant increase from the past few years. This price point reflects the high demand for properties in the area and the limited inventory available for buyers. However, prices can vary greatly depending on the specific neighborhood, property type, and other factors. Overall, the Princeton real estate market continues to be competitive, with many buyers vying for a limited number of available properties. Click Here for an Updated List of All Princeton NJ Homes For Sale HERE.

 

In the Princeton real estate market, there is an increasing demand for properties that offer a range of amenities and features. Some of the most sought-after features include spacious living areas, updated kitchens and bathrooms, hardwood floors, and ample storage space. Other popular amenities include outdoor living spaces such as patios, decks, and yards, as well as access to community amenities like swimming pools, fitness centers, and playgrounds. Additionally, buyers are increasingly interested in homes that offer energy-efficient features such as solar panels, high-efficiency appliances, and smart home technology. Overall, properties that offer a combination of modern conveniences and outdoor spaces are particularly desirable to buyers in the Princeton real estate market.

 

Investor or Owner Occupant? 

 

Princeton's real estate market presents several opportunities for investors and homebuyers alike. In this section, we will explore some of the most promising opportunities currently available.

 

Investing in Princeton's real estate has several advantages. One major benefit is the town's reputation as a desirable place to live, with a vibrant community, excellent schools, and numerous cultural and recreational amenities. This popularity has led to steady growth in property values over time, making it a potentially profitable long-term investment. Additionally, Princeton's proximity to major cities such as New York and Philadelphia makes it an attractive location for commuters and those seeking a balance of urban and suburban living. Finally, Princeton's strong rental market provides an opportunity for investors to generate rental income and diversify their investment portfolio. Overall, investing in Princeton's real estate market can offer a combination of potential capital appreciation, rental income, and lifestyle benefits. CLICK HERE to see All Princeton NJ Rentals Currently Available. 

 

When it comes to investing in real estate, location is often key. In Princeton, there are several areas that are considered to be great investment opportunities. The Downtown area, with its historic charm and proximity to shopping, dining, and entertainment, including Palmer Square, is always in demand. The Littlebrook and Riverside sections of Princeton are also highly sought after for its excellent elementary schools and quiet residential streets. In addition, the Western section of Princeton, which includes the Institute For Advanced Study neighborhood, is known for its stunning architecture, estate homes and tree-lined streets. Overall, investing in real estate in Princeton can be a smart choice, particularly in these high-demand areas.

 

buying a home in princeton new jersey



If you're a first-time homebuyer in Princeton, NJ, the real estate market may seem overwhelming. However, with the right guidance and preparation, you can find your dream home. The first step is to get pre-approved for a mortgage to determine your budget. Then, research neighborhoods that fit your lifestyle and budget. It's also important to work with a trusted real estate agent who can provide valuable insights and help you navigate the buying process. Finally, don't rush into a decision, take your time, and ensure you're making an informed and educated investment.



Princeton, like many historic towns, has a range of homes that span decades, including many from the 1960s and 1970s. These homes are often well-built and offer solid bones but may require some renovation or upgrades to bring them up to modern standards. With the help of an experienced real estate agent and their recommendations of local contractors, buyers can find these homes and identify opportunities to add value through renovations and upgrades. This could include anything from a fresh coat of paint, updating kitchen or bathroom fixtures, or even more extensive renovations such as adding additional living space or creating an open-concept floor plan. For buyers looking to create their dream home, these renovation opportunities can be an excellent investment and a chance to put their own personal stamp on a property.



Princeton NJ Real Estate in 2023 - Challenges and Opportunities 

 

The real estate market in Princeton, like any other market, faces its own set of challenges. In this section, we will discuss some of the most significant challenges that buyers, sellers, and investors encounter in Princeton's real estate market.



One of the biggest challenges in Princeton's real estate market is the high level of competition among buyers. With a limited supply of homes and high demand, multiple offers on a property are not uncommon, which can drive up prices and create bidding wars. This can be especially difficult for first-time buyers or those with a lower budget, who may struggle to compete with more established buyers or investors. It is important for buyers to have realistic expectations and to work closely with a trusted real estate agent to navigate the competitive market. They can help you with crafting a superior offer and getting you set up and pre-qualified with a local lender, including going through the underwriting process BEFORE HAND, which makes your offer even stronger!



The current state of the Princeton NJ real estate market as of Spring 2023 is characterized by a limited housing inventory, which is creating a challenging environment for prospective homebuyers. There is high demand for homes in the area, but limited supply, leading to multiple offers and bidding wars. This is particularly true for homes priced under $1 million, which are in high demand and often sell within days of being listed.

 

The Princeton real estate market is known for its high prices, which can present challenges for buyers looking for affordable options. Limited housing inventory and high demand contribute to rising prices, making it difficult for some buyers to find a home within their budget. However, working with a knowledgeable real estate agent and being open to exploring different neighborhoods can help buyers find more affordable options in the Princeton market. One lower priced, entry level neighborhood in Princeton is the Washington Oaks townhome neighborhood.  Click Here to see All Princeton NJ Homes Currently For Sale under $700,000. 



Its also good to keep in mind that external factors can have a significant impact on the any real estate market, including Princeton. For example, during the COVID-19 pandemic, there was an increase in demand for homes in suburban areas, including Princeton, as people sought larger living spaces and more outdoor areas. Additionally, changes in interest rates and lending policies can impact the affordability and availability of homes in the market. Local government policies such as zoning regulations and tax policies can also influence the real estate market. Keeping an eye on these external factors can help buyers and investors make informed decisions in the ever-changing Princeton real estate market.

 

Overcoming Challenges

 

To overcome the challenges in the Princeton NJ real estate market, buyers and sellers need to be proactive and creative. For buyers, it's important to be pre-approved for a mortgage and to work with a knowledgeable Princeton NJ real estate agent like Nicole Wolf who knows the market well. It's also important to be flexible and open to different options, such as considering properties in neighboring areas or homes that require some renovation. For sellers, it's crucial to work with an experienced real estate agent who can market the property effectively and help set a realistic price. It may also be helpful to make some minor upgrades or improvements to the home to make it more attractive to potential buyers. Ultimately, with the right approach and mindset, buyers and sellers can successfully navigate the challenges and opportunities in the Princeton NJ real estate market.

 

first time homebuyer princeton new jersey

 

In conclusion, the real estate market in Princeton, NJ is dynamic and constantly evolving, with both opportunities and challenges. Understanding the current trends, demand, inventory, and pricing is crucial for anyone interested in buying or investing in real estate in Princeton. While there are certain challenges such as high competition, limited inventory, and affordability issues, there are also ways to overcome them by being strategic and proactive in your approach. Overall, the Princeton real estate market presents a promising outlook for those who are well-informed and prepared to navigate its complexities.

 

If you're looking to buy or sell property in Princeton's competitive real estate market, don't navigate it alone. Turn to Nicole Wolf, a seasoned Princeton Realtor with a deep understanding of local trends, opportunities, and challenges. With her expertise and personalized approach, Nicole can help you make informed decisions and achieve your real estate goals. Contact her today to take the first step towards your dream home or profitable investment property.

 

nicole wolf princeton realtor

 

You can reach Nicole Wolf directly at 609-610-5789, or email her at nicolewolfrealestate@gmail.com.  Her office at Berkshire Hathaway Homeservices Fox & Roach Realty is located in Downtown Princeton at 253 Nassau St. Princeton NJ 08540. 



Posted in Market Updates
May 3, 2023

Living In Princeton, NJ: The Ultimate Guide

Moving To & Living In Princeton NJ:
The Ultimate Guide to the Best Neighborhoods and Local Attractions

Are you considering making a move to the beautiful city of Princeton, New Jersey? We’ve put together a comprehensive guide to help you make the most of living in Princeton. Situated in central New Jersey, Princeton boasts a vibrant community of approximately 30,000 residents who live in tree-lined neighborhoods. It's hard not to fall in love with this charming town, known for its impressive Ivy League University and a wealth of activities for the whole family. In this guide, we'll cover everything you need to know about living in Princeton, from real estate to top schools and the best places for shopping, dining, and outdoor recreation. Living in Princeton, here we come! 

 

moving to princeton nj

 

Living in Princeton, NJ

Princeton has a charming and cozy atmosphere that makes it the perfect place to call home. The town is a bustling hub for local businesses, community events, and vibrant cultural offerings. Princeton offers a wide range of activities for outdoor enthusiasts, including hiking trails and picturesque parks for all ages to enjoy.

 

Princeton has a diverse population of approximately 30,000 people. It’s home to a variety of age groups, including young families, college students, retirees, and everything in between. Princeton is of course known for its thriving academic community, with Princeton University serving as a major employer.

 

 

princeton university campus

 

The climate in Princeton is relatively mild, with warm summers and cold winters. Living in Princeton, you’ll experience an average of 203 sunny days per year—appealing to many! It only experiences occasional snowfall during the winter months, which adds to the area's overall appeal and charm.

 

Princeton is known for its rich history, elegant architecture, and cultural atmosphere. During the summer months, the town hosts a wide range of outdoor events such as the annual Health and Wellness Fair. It’s also known for its exceptional dining experiences, including the renowned Witherspoon Grill.

 

Overall, Princeton offers a high quality of life, with excellent schools, abundant job opportunities, cultural diversity, and a strong sense of community. It’s no wonder Princeton is ranked as one of the best places to live in the United States.

Location and Geography

If you're considering living in Princeton, New Jersey, it's important to understand the location and geography of the area. Princeton is located in Mercer County, which is in the central part of the state. It's about an hour's drive from both New York City and Philadelphia, making it a convenient location for those who need to commute to either city for work or leisure.

 

Geographical Features of Princeton

Princeton is situated on the eastern edge of the Piedmont Plateau, which is a region of rolling hills and forests. The Millstone River flows through the town, and there are several parks and nature preserves in the area, including the Delaware and Raritan Canal State Park and the Princeton Battlefield State Park. The town itself is relatively small, with a total area of just over 18 square miles.

 

Climate of Princeton

The climate in Princeton is classified as humid subtropical, which means that it has hot summers and cold winters. The average high temperature in the summer months is around 85 degrees Fahrenheit, while the average low temperature in the winter months is around 20 degrees Fahrenheit. The area receives around 45 inches of precipitation per year, with most of it falling in the form of rain during the summer months.

 

Overall, the location and geography of Princeton make it an attractive place to live for those who enjoy the outdoors and want to be close to major cities. The rolling hills and forests provide plenty of opportunities for hiking and other outdoor activities, while the proximity to New York City and Philadelphia means that you can easily access all of the cultural and entertainment options that those cities have to offer.

 

Cost of Living in Princeton

 

Princeton is known for its high cost of living, but it's important to note that the cost of living can vary depending on the neighborhood and housing option you choose. According to Niche, the cost of living in Princeton is 82% higher than the national average. Here are some of the costs you can expect to pay:

 

  • Housing: The median home value in Princeton is $772,000, and the median rent is $2,200 per month.

  • Utilities: The average monthly utility bill in Princeton is $150.

  • Transportation: The average commute time in Princeton is 25 minutes, and most residents drive to work. Gas prices in Princeton are slightly higher than the national average.

  • Food: Dining out in Princeton can be expensive, with the average meal costing around $30+ per person. However, there are also plenty of affordable dining options available, especially for the University students on Nassau Street.

 

Education in Princeton, NJ

If educational options are on your list of requirements when considering Princeton, NJ homes for sale, then you’re in luck as the local educational options are sure to check off all the boxes. 

 

princeton university arches


There is of course Princeton University, a world-class institution known for its comprehensive approach to learning that combines the best of research universities and liberal arts colleges. But that's not all Princeton has to offer. Living in Princeton, students have access to some of the best-ranked quality education beginning in early childhood and carrying right through to the highest level of schooling.


Princeton Public Schools is one of the top-rated school districts in the state with a rating of A+ according to Niche.com. The district is known for its exceptional education and resources. With six schools and approximately 3,500 students enrolled, this district provides a wide range of educational opportunities for students of all ages.


Whether your preference is private or public, traditional or a more innovative approach to education, there are plenty of great educational options available in Princeton, NJ. Let's take a closer look at some of the best Niche A+ rated schools this amazing city has to offer:

Top Public Schools in Princeton NJ:

  • Littlebrook Elementary School (Pre K-5th grade)
  • Johnson Park Elementary School (Pre K-5th grade)
  • Princeton Charter School (K-8th grade)
  • J. Witherspoon Middle School (6-8th grades)
  • Princeton High School (9-12th grades)

 

Private Schools in Princeton NJ:

We’ve only mentioned a small number of the available schools Princeton has to offer. With so many incredible options for outstanding education in Princeton, NJ, choices abound.

Things to Do in Princeton, NJ

Princeton offers a captivating blend of upscale living and small-town charm. Every year, people from all over are drawn to the area's picturesque scenery, top-notch education, and world-renowned cultural landmarks. With so much to explore, it's no wonder the town is a hit with locals and visitors alike. 
 

From serene parks and lush gardens to eclectic shopping destinations and an explosive dining scene, there's so much to do living in Princeton. Whether you're a nature lover, foodie, shopaholic, or just in search of some inspiration, Princeton has it. Ready to explore? Let's take a closer look at some of the top destinations and attractions in the area and what awaits anyone moving to Princeton apart from the exceptional Princeton, NJ homes for sale.

Parks & Recreation

Part of the great appeal of moving to Princeton is the city’s diverse parks and recreation options. If you're looking for fun ways to be active and enjoy the outdoors, living in Princeton will not disappoint.

 

Take a stroll around Mountain Lakes, including the picturesque Pettoranello Gardens. Explore the history of the Revolutionary War at Princeton Battlefield State Park. Enjoy a peaceful walk in the Western Section of Marquand Park, or take a memorable picture by the Fountain on Princeton University's campus.

 

mountain lakes princeton nj hiking trails scene

 

If sports are your thing, play a game of soccer at Smoyer Park or Farmview Fields. There are plenty of options available, ensuring that every person can enjoy their leisure or activity time as they desire.

 

Shop Til You Drop

Princeton, NJ is a shopping haven with various options for shopping enthusiasts. From local boutiques, malls, and outdoor shopping centers, you're sure to find everything you need and more. Be sure to visit these top shopping destinations to unleash your inner shopaholic:

 

  • Princeton Shopping Center: The Princeton Shopping Center has been a community gathering place for over 60 years. The fifty-business mall features plenty of local stores, making it an ideal shopping spot for anyone looking to buy unique home decor items, clothes, gifts, and much more.

  • Palmer Square: Located in downtown Princeton, Palmer Square is a must-visit destination for anyone looking for great shopping options. You will find J Crew, Hamilton Jewelers, Ralph Lauren, Boutique Clothing Stores, as well as Arhaus Studio Home Furnishing Showroom and more. Have a meal at Mediterra, Maman French Cafe, or have THE BEST grilled cheese at Olsson's Fine Foods.  
  • MarketFair: A sophisticated shopping destination that offers a diverse range of product categories from clothing, shoes, and jewelry to home decor, Barnes & Noble, relaxed dining options, and a movie theater with multiple screens.

  • Princeton Farmers Market: Princeton Farmers Market is a great place for fresh, sustainably-sourced products from local farmers and producers. With a variety of homemade goods, fresh fruits and vegetables, breads, cheeses, and more, the Princeton Farmers Market is the perfect place to find quality ingredients to tantalize your taste buds.

nassau street princeton shopping

 

Arts & Entertainment in Princeton

When it comes to arts and entertainment the Princeton-Mercer region offers a vibrant arts scene, with plenty of galleries and theaters to explore.

 

Check out the McCarter Theatre Center for an unforgettable night of theater, or visit Morven Museum & Garden for a unique cultural experience.

 

Looking for something a little more low-key? Art@Bainbridge offers art exhibits and workshops in Palmer Square, or catch a movie at the Princeton Garden Theatre, across the street from Princeton U. No matter your preference, you'll love exploring the Princeton arts scene.

Drinking & Dining in Princeton

Princeton, NJ offers a bountiful drinking and dining scene. You can choose from a wide range of options such as fine dining restaurants, casual eateries, outdoor cafes, beer gardens, and cocktail bars. The area features a diverse array of international cuisine options including Italian, Asian, French, and Mediterranean.

 

The vibrant nightlife scene includes everything from sports bars to wine bars and nightclubs. Overall, Princeton offers a culinary experience to suit every budget and taste. We've listed below just a few of the many choices you'll have for enjoying a great night out when living in Princeton, NJ.

  • Blue Point Grill
  • The Alchemist & Barrister
  • Triumph Brewing (moving to the old Post Office building in Palmer Square)
  • Agricola
  • Mediterra (Palmer square)
  • The Meetinghouse
  • The Dinky
  • Planted Plate (vegan)
  • Sakura Express

 

Princeton, NJ Real Estate

downtown princeton condos

Whether you're moving to Princeton or relocating within Princeton, you need to research Princeton, NJ homes for sale. You'll be happy to know there's no shortage of diverse options. You can find a mix of new properties and charming older homes, ranging from condos to single-family homes, all with unique characters and features to fit any lifestyle or preferences.
 

The median listing home price in Princeton is currently sitting around $750,000, but prices can vary depending on the size, location, and condition of the property.

The Princeton real estate market attracts a diverse group of buyers, including young professionals, families, and retirees. Whether you're looking for a top-rated school district, close proximity to the city, or a peaceful suburban lifestyle, Princeton has a neighborhood for you.

 

Here are some of the most popular neighborhoods and housing options in Princeton:

  • Western Section: This neighborhood features a mix of historic homes and townhomes, making it a popular choice for families and young professionals.

  • Washington Oaks: This community offers luxury townhouses and single-family homes with easy access to downtown Princeton, located between downtown Princeton and Lawrenceville, NJ.

  • Queenston Commons: This townhouse community is located in downtown Princeton and offers a range of amenities, including a pool and tennis courts. Very close to Whole Earth Natural Foods as well as Princeton Shopping Center.

  • Downtown Princeton: If you want to be in the heart of the action, downtown Princeton is the place to be. You'll find a mix of historic homes, apartments, and condos within walking distance of shops, restaurants, and entertainment.

  • Palmer Square: This upscale shopping and dining destination also offers luxury apartments and townhouses.

  • Ettl Farm: This community of luxury single-family homes in a private setting is located just outside of downtown Princeton.

  • Riverside: This neighborhood is close to Princeton University, features a mix of historic homes as well as homes built in the 1960's and 1970's, with easy access to the Delaware and Raritan Canal towpath for outdoor recreation, close to Lake Carnegie.

  • Littlebrook: This family-friendly neighborhood features a mix of single-family homes and some townhouses, with easy access to schools and parks.

  • Princeton North: This community of single-family homes and townhouses is located just north of downtown Princeton up Witherspoon Street in walking distance to Princeton Middle School and High School.

  • Princeton Ridge: This neighborhood features a mix of single-family homes and townhouses, with easy access to shopping and dining.



With its ideal blend of small-town charm and big-city amenities, Princeton, NJ is an exceptional place to put down roots. Whether you're seeking quality education, cultural enrichment, or simply a thriving and tight-knit community, Princeton will provide. Along with an exceptional range of dining, shopping, and entertainment options, the area also features a diverse range of Princeton, NJ homes for sale to suit every preference and budget. The Princeton real estate market is dynamic and offers a number of housing options, from grand estates and historic homes to modern townhouses and apartments. What are you waiting for? Your dream home in the perfect neighborhood awaits.



 

 

 

Posted in Neighborhoods
April 27, 2023

Best Neighborhoods Princeton New Jersey

Close Up Look:
The Top 10 Neighborhoods in Princeton NJ

 

Princeton, New Jersey is a charming town known for its Ivy League university, historic architecture, and upscale shops and restaurants. Beyond the well-manicured lawns and beautiful storefronts, Princeton is home to a diverse range of neighborhoods, each with its own distinct personality and community spirit. Whether you're a young professional, a family with children, or a retiree looking for friendly neighbors and a peaceful setting, there's a Princeton, NJ neighborhood that's perfect for you.

 

best neighborhoods princeton nj

 

In this article, we'll take a look at the top 10 neighborhoods in Princeton and touch base on the Princeton real estate each one has to offer, plus their amenities, so you can choose which one is calling out to you.
To discuss your home search and start finding your next Princeton home, call Princeton Realtor Nicole Wolf at 609-610-5789.

 

 

Living in Princeton, NJ

Located in the heart of New Jersey is the charming and sophisticated city of Princeton, a place renowned for its rich history, academic excellence, and picturesque scenery. Best known for being home to one of the world's most prestigious universities, Princeton University, Princeton, NJ offers an unmatched intellectual and cultural atmosphere that attracts visitors from all over the globe. 


The downtown area boasts a myriad of restaurants, cafes, and shops, as well as a captivating array of cultural attractions such as the Princeton University Art Museum and the Richardson Auditorium. The tree-lined avenues and parks create a peaceful and serene ambiance, inviting people to take leisurely walks or bike rides. What makes living in Princeton so special is the unique combination of a small-town, laid-back vibe with the intellectual atmosphere of a world-class university.

 

Best Neighborhoods in Princeton, NJ

 

Princeton, NJ is a town filled with diverse and unique neighborhoods. We've put together some great information on what we believe are the 10 best neighborhoods in Princeton. Keep reading to see these neighborhoods and a bit about their Princeton, NJ homes for sale.

 

 

Western Section

 

 

Princeton’s Western Section is a highly sought-after neighborhood. It’s home to many Princeton University faculty members because of its close proximity to the Institute Area, where the university is located.

 

Here’s what awaits residents of this gorgeous neighborhood: 

 

Types of real estate: The Western Section offers a variety of housing styles, ranging from historic homes to grand estates to row homes and townhouses on Mercer Street close to the infamous home where Einstein's lived. You'll find gorgeous architecture, beautiful landscaping, and ample outdoor spaces. 

 

Average cost of housing: The average cost of housing in the Western Section ranges from the mid-$900,000s to over $3 million, making this a more expensive area to live in.

 

Amenities: You'll have easy access to shopping, dining, and entertainment options, as well as parks and outdoor spaces to enjoy. Since the neighborhood is home to Princeton University, the Western Section offers plenty of cultural and educational opportunities for residents. Most homes in this area are in walking or biking distance to Downtown Princeton and Princeton University.

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THEWESTERN SECTION, PRINCETON NJ >>>

 

 

Princeton Ridge

 

 

The Princeton Ridge neighborhood is a unique ecological area with wooded tracts and dramatic topography extending westward from the Millstone River and the Delaware & Raritan Canal State Park, and many homes bordering the Woodfield Reservation and John Witherspoon Woods. You’ll find great Princeton homes for sale in this area.

 

Types of real estate: This neighborhood offers single-family homes and a small enclave of upscale townhomes.

 

Average cost of housing: The average cost of housing in Princeton Ridge is around $700,000 to $2 million, providing you with a luxurious living experience. In this dynamic neighborhood, it might be tough to decide which of these Princeton, NJ houses is the one for you.

 

Amenities: This community offers great schools and parks, and is within a few minutes drive to Downtown Princeton restaurants and shopping centers. The location of Princeton Ridge also makes it attractive as it affords residents easy access to major highways and other transportation systems. Residents particularly love being very close to Princeton Shopping Center, which is home to McCaffreys Supermarket as well as a hardware store, pet store, many restaurants such as Nomad Pizza, Princeton Ballet School, and many other businesses.

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE PRINCETON RIDGE  NEIGHBORHOOD, PRINCETON NJ >>>

 

 

 

 

Riverside

 

 

Riverside, which includes Jugtown, is a historic neighborhood in Princeton, NJ, and has been labeled one of the prettiest neighborhoods in Princeton.

 

Types of real estate: From classic brick homes to modern new construction, you'll find a variety of Princeton real estate options to fit your style and needs in the Riverside neighborhood. It’s also worth noting that the only homes in Princeton that are located by a lake can be found in Riverside. Lake Carnegie is home to Princeton's waterfront properties.

 

Average cost of housing: With a median listing home price of $950,000, Riverside offers a mix of high-end and mid-range options for homebuyers.

 

Amenities: Living in Riverside means being within walking distance from Nassau St., the Princeton University campus, and just a short drive or bike raide from Downtown Princeton, where you can enjoy ample dining, shopping, and entertainment.

 

 

Education: Homebuyers seek out the Riverside neighborhood for the Riverside Elementary School, which is highly rated.

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE
RIVERSIDE NEIGHBORHOOD, PRINCETON NJ >>>

 

 

Littlebrook

 

 

Littlebrook is a well-established neighborhood in Princeton, NJ known for its charm and privacy, serviced by the Littlebrook Elementary School.

 

Types of real estate: Princeton real estate in the Littlebrook neighborhood consists mainly of large single family homes with around half acre lots with a high value.

 

Average cost of housing: The average cost of housing in the area is around $950,000, with many extending into the $1,000,000 to $1,700,000 range, with some even higher priced homes.

 

Amenities: Living in Littlebrook gives residents proximity to Princeton Middle School, Princeton High School and Princeton Shopping Center. Many homes in the Littlebrook neighborhood are within walking distance to these, making it a convenient area for an easy lifestyle. Many homes are from the 1960's and 1970's with renovations and updates, while there are also new construction homes available from time to time.

 

Education: Littlebrook is serviced by the highly sought after Littlebrook Elementary School, which is a top-rated public school, with a central mission to provide quality learning.

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE
LITTLEBROOK NEIGHBORHOOD, PRINCETON NJ >>>

 

 

Downtown Walk To Town Princeton

 

 

Downtown Princeton, including Palmer Square, is a vibrant and unique shopping and dining destination located in the heart of Princeton, NJ. It boasts a mix of boutiques, famous brand stores, restaurants, and residential spaces, all conveniently located across from Princeton University.

 

Types of real estate: The neighborhood offers a mix of residential and commercial properties. Real estate options in downtown Princeton range from apartments, townhomes, and condos to single-family homes.

 

Average cost of housing: The cost of housing is relatively high, with the median listing home price at $1 million.

 

Amenities: Residents enjoy an extensive range of amenities including top-rated public schools, fashion boutiques, bars, restaurants, and world-renowned centers of learning.

CLICK HERE TO VIEW ALL HOMES FOR SALE IN
DOWNTOWN PRINCETON NJ >>>

 

 

QUEENSTON COMMONS

 

 

A convenient easy lifestyle townhome community in Princeton, New Jersey Queenston Commons offers plenty of serenity and tranquility away from the hustle and bustle of Downtown, while being located in the Littlebrook Elementary School section.

 

Types of real estate: There are various beautiful styles and sizes of townhomes available in this upscale townhome community catering to diverse budgets.

 

Average cost of housing: The average cost of housing in Queenston Commons ranges from affordable to moderate ($600,000 to $800,000) appealing to different budgets.

 

Amenities: Queenston Commons boasts various amenities including tennis courts, lots of common area for recreation, proximity to the Princeton Shopping Center and Whole Earth Center, excellent public transportation, a short walk to Princeton Shopping Center, and an easy commute to NYC and Philadelphia.

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN QUEENSTON COMMONS PRINCETON NJ >>>

 

 

Princeton North

 

 

Princeton North is a convenient and centrally located neighborhood in Princeton, NJ. Featuring smaller lots and nearby access to Downtown Princeton, this residential area offers a unique combination of luxury living and convenience with its Princeton, NJ homes for sale. 

 

Types of real estate: Princeton North offers a range of real estate options, including mostly single-family homes and some townhomes.

 

Average cost of housing: The average cost of housing in the area ranges from around $5 00,000 to over $1 million.

 

Amenities: Residents of Princeton North enjoy a variety of amenities, including parks like Community Park and Mountain Lakes, walking trails, and access to top-rated schools. With easy access to nearby shopping and dining options, there's always something to do! This is an up and coming area of Princeton, with new businesses popping up on Witherspoon Street, like The Meetinghouse Bar & Restaurant for upscale dining and drinks, Local Greek is a hot spot for sumptuous breakfasts and lunch, and the local hero of Pizza places with its own bar: Contes! Princeton's eclectic yet upscale home furnishing store, Homestead, has their flagship store here as well for gifts & home design upgrades.

 

Education: Community Park Elementary, Princeton Middle School and Princeton High School are all in walking distance to most homes in the Princeton North area.

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE
PRINCETON NORTH NEIGHBORHOOD, PRINCETON NJ >>>

 

 

 

Washington Oaks

 

 

The Washington Oaks neighborhood in Princeton, NJ is a highly desirable and well-established area. It’s located on the far south-western side of Princeton township (between Downtown Princeton and Lawrenceville) and is serviced by the award-winning Princeton School District, within the Johnson Park Elementary School area.

 

Types of real estate: Washington Oaks offers Princeton homes for sale such as condos and townhomes, and also midsize single family houses, with a variety of styles, sizes, and prices. These were built in the 1990's, and all include public water and sewer.

 

Average cost of housing: The average cost for homes in the Washington Oaks neighborhood is around $820,000.

 

Amenities: Residents of Washington Oaks can enjoy an array of amenities including proximity to Downtown Princeton, the Washington Oak—a protected ancient white oak tree that overlooks the Princeton Battlefield State Park—and they're serviced by the award-winning Princeton School District. 

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE
WASHINGTON OAKS SECTION, PRINCETON NJ >>>

 

Edgerstoune / Hun 

 

 

The Edgerstoune / Hun neighborhood is home to the prestigious Hun School, a private day and boarding school for grades 6-12 and post-graduates. This community of luxury homes, which includes the affluent Russell Estates, is known for its spacious homes, tree-lined streets, and serene atmosphere. It is located to the West of downtown Princeton, just a few minutes drive from Princeton University and the center of town.

 

Types of real estate: Real estate options range from historic single-family homes to modern masterpieces.

 

Average cost of housing: The average cost of housing in this neighborhood is on the higher end—$2.6 million—but you can find some more affordable options as well.

 

Amenities: Amenities in Edgerstoune / Hun include being within walking distance to The Hun School of Princeton, one of the area's top private schools, as well as easy access to dining, shopping, and entertainment in the heart of Princeton.

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THEEDGERSTOUNE HUN SECTION, PRINCETON NJ >>>

 

Ettl Farm

 

 

Ettl Farm is an exclusive Princeton, NJ neighborhood. Ettl Farm is a sophisticated suburban area surrounded by preserved farmland and wooded parks like Greenway Meadows. These homes are within the Johnson Park Elementary School District.

 

Types of real estate: The community predominantly features luxury single-family homes that are high in value, with varying styles and sizes, set on large lots within a series of winding streets with cul-de-sacs.

 

Average cost of housing: The average cost of housing in the Ettl Farm community is broad with varying sizes, but is definitely on the luxury side with ranges of $1.8 million and higher.

 

Amenities: The neighborhood offers convenient access to amenities such as footpaths to Greenway Meadows and the Stony Brook, while maintaining a private haven for its residents.

 

CLICK HERE TO VIEW ALL HOMES FOR SALE IN THE
ETTL FARMS NEIGHBORHOOD, PRINCETON NJ >>>

 

 

In Conclusion: Princeton, NJ is a vibrant and unique city with a wide variety of neighborhoods that offers an idyllic lifestyle and countless places to explore. From Edgerstoune/Hun and Russell Estates to Ettl Farm and beyond, there are beautiful neighborhoods in Princeton to appeal to every taste. With its excellent schools, vibrant culture, and robust economy, it's no wonder that this charming city is beloved by so many.

 

 

Subscribe to receive all new Princeton NJ home listings so you never miss any new homes that are hitting the market, including Coming Soon listings! Click Button Below for Free Sign Up!

 

We hope you have found our guide to be informative as you determine which neighborhood is indeed calling out to you! If you are planning on moving to Princeton, NJ and would like to discuss neighborhoods and the local Princeton real estate market, call Local Princeton Real Estate Agent Nicole Wolf at 609-610-5789 or email Nicole directly for expert guidance!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Posted in Neighborhoods
April 18, 2023

10 Tips for Making an Offer on a Single-Family Home in Princeton NJ.

10 Tips for Making a Winning Offer on a Single-Family Home in Princeton NJ

 

 

If you’re looking to buy a single family home in Princeton, NJ, its important to know how to make a competitive offer. The real estate market in Princeton is highly competitive, and it can be challenging to find the right home and negotiate a good deal. In a Sellers Market like this, you will have lots of competition, and it is essential to be prepared in several ways, in order to craft an offer that has more chances of getting accepted by the sellers. In this article, we'll provide you with ten tips for making a winning offer on a single-family home in Princeton, New Jersey.

 

 buying single family house in princeton nj

 

1. Understand the market

Before making an offer, do your research on the current market conditions in Princeton. Look at recent home sales and current listings in the area to get a sense of the market value of homes.

 

2. Get pre-approved for a mortgage
Having a pre-approval letter from a lender shows the seller that you are a serious buyer and have the financial means to purchase the home.

 

3. Work with a local real estate agent
A local real estate agent can provide you with valuable insights about the local market and help you navigate the negotiation process. Click HERE to learn more about Nicole Wolf, Top Princeton NJ Realtor. 

 

4. Know your priorities
Make a list of your must-haves and deal-breakers for your ideal home. This will help you focus on the homes that meet your needs and make a more informed offer.

 

5. Don't lowball
While you want to get a good deal, making a lowball offer can backfire and turn off the seller. Your real estate agent can help you determine a fair offer based on market conditions and the home's value.

 

6. Be flexible
Flexibility can go a long way in negotiations. Consider being flexible with the closing date or other terms of the sale.

 

7. Consider waiving contingencies

Contingencies, such as a home inspection or financing contingency, can slow down the process and make your offer less attractive. Consider waiving them if you are confident in the condition of the home and your ability to secure financing.

 

8. Prepare by getting fully underwritten by your lender
Being fully underwritten means that your lender has reviewed and verified your financial information, including your income, assets, and credit score. This can help you stand out as a serious and qualified buyer in a competitive market, as it shows sellers that you have already taken the necessary steps to secure financing for the home. Additionally, being fully underwritten can help speed up the financing process, potentially allowing you to close on the sale more quickly. Work with your lender to complete the underwriting process as soon as possible, so you're fully prepared when the right home comes along.

 

9. Pay cash
If you have the financial means to do so, consider paying cash for the single-family home in Princeton, NJ. A cash offer can be very attractive to a seller, as it eliminates the need for financing and can lead to a quicker closing process. Additionally, a cash offer can give you more negotiating power and potentially allow you to secure the home at a lower price. However, before making a cash offer, be sure to consult with a financial advisor to determine if it's the best option for your overall financial plan.

 

10. Close the sale within 30 days.

When making an offer on a single-family home in Princeton, NJ, consider requesting a closing date within 30 days. A quicker closing process can be very appealing to sellers, especially if they are in a hurry to sell. However, make sure that you can realistically meet this timeline, as failing to do so can cause the deal to fall through and damage your credibility as a buyer. Work with your real estate agent and lender to ensure that all necessary paperwork and tasks are completed promptly and efficiently, enabling you to close on the sale within the desired

 

Trust your real estate agent!!!
Finally, trust your real estate agent's advice and expertise. They have experience negotiating deals and can help you make an informed and competitive offer.

 

In conclusion, making an offer on a single-family home in Princeton, NJ requires research, preparation, and strategy. By following these tips, you can increase your chances of making a competitive offer and securing the home of your dreams.

 

CLICK HERE to See All Princeton NJ Homes Currently For Sale

 

Feb. 20, 2023

New Construction Homes Around Princeton, NJ

New Construction Homes in Princeton NJ

 

There are several new construction homes in Princeton NJ.  Here are a sample of some of the most recent New Construction Homes to hit the market! Click through any listing for full details and to schedule a showing appointment.

 

10 Prentice Lane Princeton NJ

7 Exclusive Home Lots Available in Prentice Woods

Princeton, New Jersey 08540

Priced at $2,950,000

Each lot is approximately 1.5 Acres in a wooded cul-de-sac neighborhood

5 Bed/6 Bath Homes to be built, or design your own Dream Home with your choice of Architect

5,000 Square Feet


Builder: Landmark Companies

Architect: Joel Schwartz

Location: Littlebrook Elementary School Section of Princeton

Click HERE for Full Property Details

 

 

150 Longview Dr Princeton NJ

150 Longview Drive
Princeton, New Jersey 08540

Priced at $2,850,000

5 Bed/4.5 Bath Home with planned completion for December 2023 - there is still time to customize many details

4,900 Square Feet

First Floor Bedroom and Full Bath

Builder: Oriel Homes

Location: Riverside Elementary School Section of Princeton, with proximity to beautiful Lake Carnegie

Click HERE for Full Details






279 Russell Rd Princeton NJ 08540

560 Lake Drive

Princeton, New Jersey 08540

$2,789,999

6 Bedroom/8 Bath Home

4,041 Square Feet

Builder: Grosso Homes - Wisteria Model

Location: Riverside Section
Click HERE for Full Details

 

And there are more!  Contact Nicole Wolf, Princeton Realtor at 609-610-5789 for all new construction home projects in Princeton NJ and the surrounding areas.  

 

Nicole is a Princeton New Jersey real estate agent with experience in New Construction and is happy to discuss all of the current projects that Princeton builders have in the works!

 

 

In addition, Nicole is happy to help you with Princeton Land For Sale as well, for homeowners preferring to buy land in Princeton and build their custom home.

 

 

princeton nj new construction for sale
For Other New Construction Projects in Princeton New Jersey, CLICK HERE

 

 

 

Feb. 17, 2023

Housing Market Report Somerset County NJ January 2023

January 2023 Real Estate Market Statistics For Somerset County NJ:

 

 

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.

 

colonial home for sale somerset county nj

 

 

 

To see all homes for sale in Montgomery NJ
as well as other sections of Somerset County NJ, Click HERE.

 

 

 

 

Posted in Market Updates