11/02/2026
Princeton Market Update, October 2026.
I compared closed home sales in Princeton this October with October 2025, then looked at what’s available today. Here’s what stood out.
We’re seeing two different market experiences within the same town: some homes sell quickly and above asking, while others remain available for months.
October 2026 vs. October 2025:
• 13 homes closed, compared with 9.
• Median cumulative time on market fell from 51 to 32 days.
• 38% sold above their original asking prices, compared with 22% last year.
Mortgage rates: The national average for a 30-year fixed rate is 7.24% compared with 6.17% on October 30, 2025, according to Freddie Mac.
Breaking it down by property type:
Detached homes accounted for 10 closings, compared with 8 last October. Of those, 40% sold above their original asking prices, versus 25% last year. Today, 41 detached homes are available, but only 4 are priced below $1 million.
Townhomes accounted for one closing, compared with none in last year’s report. There are currently 9 available, ranging from $519,000 to $3.399 million.
What does today’s inventory tell us?
Of Princeton’s 57 active listings, 25 are priced at $2 million or more. Those higher-priced listings have a median cumulative market time of 149 days. Across all price ranges, 22 active listings have reduced their original asking prices.
That’s where the two markets emerge: seller-favored conditions for select homes, alongside more buyer leverage among properties with longer marketing times, particularly in the luxury sector.
For buyers: There are homes to choose from, but the overall inventory number may look very different from what’s available within your budget and criteria. Expect competition for some properties and opportunities to negotiate on others.
For sellers: Strong results are possible, but buyers are selective. Thoughtful preparation and presentation matter, along with pricing based on recent comparable sales and the homes buyers can choose from today.
If you’re buying and selling within Princeton, you could experience both markets in the same move. Your strategy should account for each side.
Sources: Bright MLS, Freddie Mac, 11/2/2026
