New Jersey Real Estate Agent

Princeton Real Estate - What You Get for $1mlm-$1.5 million  

New Jersey real estate buyers start their search by determining how much they could afford to spend on  their new home, and looking for communities that meet their budget as well as other criteria. The question I am often asked is: "What could we afford in Princeton in the $1,000,000-$1,500,000?". Princeton real estate in this price range offers a lot of choices. Here is a look at the Princeton real estate homes in the price range .

Princeron Real Estate - On The Market Now (Active)

There are 28 houses on the market now, 5 of them in the Princeton Borough and the rest in the Princeton Township. Homes in the borough tend to be on smaller (usually less than 0.5 acres) lots  and are usually older. The 5 available houses now range from $1,050,000 home with 4 bedrooms, 3/1 baths on 0.47 acres to $1,475,000 Victorian home with 5 bedrooms, 4/1 baths on 0.17 acres.

There are 23 houses for sale in the Princeton Township, which offers wider range of houses then the Borough. The Princeton Township houses on the market now range from $1,095,000 for a contemporary home with 5 bedroom, 3/1 bath 2+ acres to $1,495,000 colonial with 5 bedroom, 5/1 baths and almost 3 acres.

There prices are being reduced on many properties in Princeton with 13 homes for sale having already reduced prices.

Princeton Real Estate - Houses Under Contract (Pending)

There are currently 12 houses under contract, with 5 of them having had price reductions before going under contract. People often ask how long does it take to sell a house in Princeton. 50% of the houses Pending went under contract in less then 90 days, with the shortest time on the market being 11 days and the longest over 300 days. What is interesting that most of the houses that did not sell in the first 90 days, ended up being on the market for over 180 days.

Princeton Real Estate -Houses Sold

There were 12 houses sold in Princeton since the beginning of 2008, with the following statistics:

Median price sold price was $1,201,000

Average price $1,244,017  -

Median price sold was 10% lower then the listing price 

2 houses in the Princeton Borough sold over asking price.

Princeton Real Estate -Houses Sold By Street

These were the Princeton houses sold since the beginning of 2008.

Address                                Bedrooms  Bathrooms    Sold Price
67 Farrand Rd, Princeton, NJ        5            3.1               $1,375,000
164 Cleveland Ln, Princeton, NJ    5            3.1                $1,200,000
63 Hemlock Cir, Princeton, NJ       4            3.1                $1,150,000
223 Gallup Rd, Princeton, NJ         6            3.1                $1,335,000
210 Brookstone Dr, Princeton, NJ   5            4.1                $1,438,700
122 Moore St, Princeton, NJ          5            2.1                $1,200,000
3 Andrews Ln, Princeton, NJ          4            3.1                $1,075,000
497 Christopher Dr, Princeton, NJ   4            4.1                $1,400,000
157 Christopher Dr, Princeton, NJ    4           4.2                $1,347,500
630 Prospect Ave, Princeton, NJ      5           2.1                $1,180,000
46 Wiggins St, Princeton, NJ           6           5                   $1,025,000
39 Princeton Ave, Princeton, NJ       4           2.1                $1,202,000

Here is what you could buy in Princeton in other price categories:

New Jersey Real Estate -What Can You Buy In Princeton For Under $1million

New Jersey Real Estate -What You Get In Princeton For $500K-$700K

Princeton Real Estate - Buyers Market and Multiple Offers

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