Mercer County, NJ Home Values & Market Trends
The median home price in Mercer County, NJ is $382,824.74. There were 4,580 home sales in Mercer County, NJ over the past 12 months. The median residential Mercer County, NJ home value for transactions over the previous year is $296,673.514. The number of current listings in Mercer County, NJ is 328, and the percentage of properties for sale is 328.00%. The county has 1,151 foreclosures, 14 bank owned properties, 62 headed for auction, and 328 properties for sale.
Mercer County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Trenton | $ 141,600 $ 102/sqft | Princeton Junction | $ 628,600 $ 352/sqft |
| Princeton | $ 727,900 $ 375/sqft | Hightstown | $ 402,100 $ 307/sqft |
| Pennington | $ 749,700 $ 304/sqft | Titusville | $ 654,900 $ 312/sqft |
| Lawrence Township | $ 539,600 $ 272/sqft | Hopewell | $ 480,750 $ 344/sqft |
Housing Market Summary for Mercer County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $343.2K | $328.7K | -4.22% |
| Median Sold Price | $270.6K | $328.7K | 21.44% |
| Homes For Sale | 264 | 311 | 17.80% |
| Homes Sold | 2,640 | 2,422 | -8.26% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mercer County, NJ
Browse Homes in Mercer County, NJ
Mercer County, NJ home values range from $59,200 to $1,392,000. Princeton is the priciest city with a median listing home price of $824,000, and Trenton is most affordable with average house prices of around $207,500.
- Pre-ForeclosurePre-foreclosure homes account for 0.99% of all residential properties in Mercer County, NJ with Trenton containing 302 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 8 cities within Mercer County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $918,600 in Hopewell to the lowest home value of $64,100 in Trenton.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mercer County, NJ ranges from the highest value of $385,200 in Pennington to the lowest value of $83,090 in Trenton. Bank owned homes and properties account for 0.01% of properties in Mercer County, NJ. There are 8 cities within Mercer County, NJ; Trenton containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsTrenton has 20 auction properties, the highest number of properties going to auction in a single city in the state of Mercer County, NJ. Auction homes and other auction properties account for 0.06% of all properties in Mercer County, NJ. There are 8 cities within Mercer County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $405,300 in Princeton to the lowest value of $60,860 in Princeton.
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More Real Estate Resources for Mercer County, NJ
Guide for Mercer County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
