NJ · Metro #142

Trenton - NJ housing market

The Trenton metro has a typical home value of $446,377, down 0.1% from a year ago. Homes are moving fast at 13 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$446,377
-0.1% vs. year ago
Median sale price
$439,691
+11.2% YoY
Median list price
$454,397
Sale-to-list ratio
100.4%
Selling above ask
Days on market
13d
Listings w/ price cut
17.6%
New listings / mo
394
+2.1% YoY
Homes for sale
891
+8.0% YoY
Typical rent
$2,623/mo
+1.5% YoY
Context

How to read this data

The typical home value ($446,377) 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 down 0.1% over the past year. A home worth $446,824 last year is now worth roughly $446,377.

The median sale price , what homes actually close for , is $439,691. Homes are selling at 100.4% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Trenton - NJ sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 17.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 394 new listings hit the market each month in Trenton - NJ. There are currently 891 homes for sale, up 8.0% from a year ago.

The typical monthly rent in Trenton - NJ is $2,623, up 1.5% 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$384,211 +3.9% 25.0d
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