NJ · Metro #142

Trenton - NJ housing market

The Trenton metro has a typical home value of $442,247, up 0.1% from a year ago. Homes are moving fast at 16 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$442,247
+0.1% vs. year ago
Median sale price
$438,921
+12.6% YoY
Median list price
$436,150
Sale-to-list ratio
99.7%
Selling below ask
Days on market
16d
Listings w/ price cut
16.1%
New listings / mo
306
-8.1% YoY
Homes for sale
776
+7.6% YoY
Typical rent
$2,581/mo
+0.6% YoY
Context

How to read this data

The typical home value ($442,247) is the Zillow Home Value Index for the Trenton - NJ metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.1% over the past year. In Trenton - NJ, that means a home worth $441,805 last year is now worth roughly $442,247.

The median sale price , what homes actually close for , is $438,921. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.

Homes listed in Trenton - NJ sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 16.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 306 new listings hit the market each month in Trenton - NJ. There are currently 776 homes for sale, up 7.6% from a year ago.

The typical monthly rent in Trenton - NJ is $2,581, up 0.6% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in NJ

MetroHome value1-yr changeDays on market
Atlantic City - NJ$377,406 +4.0% 32.0d
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