Municipality of Princeton
As we move into the final stretch of 2025, Princeton’s housing market continues to reveal important shifts that buyers and sellers should keep an eye on. October brought a mix of strengthening prices, slower sales activity, and tightening inventory, factors that will shape market conditions heading into winter.
The latest data shows positive momentum on the pricing front. Comparing month-to-month, the average sale price climbed to $320,667, up 7.58% from October 2024’s average of $298,071. For sellers, this upward trend is an encouraging sign that home values in Princeton remain strong. For buyers, it emphasizes the importance of being prepared and competitive in a market with tightening inventory.
One notable shift this month is the increase in the time it takes to sell a home. The average Days on Market (DOM) rose to 78.83 days, up 17.41% from last year’s 67.14 days. For the year, it has taken an average of 71 days to sell. This indicates that while prices are rising, buyers may be taking more time to make decisions, possibly due to economic factors, affordability concerns, or the changing pace of the local market.
October saw 15 new listings, a 15.38% increase from last year. However, only 6 homes sold, compared to 7 last October—a 14.29% decline. This created a Closed-to-Listed ratio of 40%, down from 53.8% in October 2024. While the number of new listings is growing, buyers aren’t snapping up homes as quickly, contributing to longer DOM and a softer absorption rate.
The Princeton market is showing mixed conditions:
✅ Prices are holding up
✅ Inventory is tightening
⚠️ Homes are taking longer to sell
⚠️ Fewer sales relative to new listings
For sellers, rising prices and lower inventory can still work in your favour, but proper pricing and strong marketing are key when buyers are moving more cautiously.
For buyers, the slower pace may create opportunities - yet with fewer homes available overall, being prepared can make all the difference when the right property hits the market.
Inventory Tightens: Months Supply of Inventory Drops
Princeton’s available housing inventory decreased again this month. At the end of October, there were 57 homes on the market, representing a 6.56% drop from last year. Over the past 12 months, the town averaged 6 closed sales per month, giving Princeton a 9.37 Months Supply of Inventory (MSI). The decline in inventory is typical in the market as we head into the winter months ahead.Average Sale Prices Continue to Rise
The latest data shows positive momentum on the pricing front. Comparing month-to-month, the average sale price climbed to $320,667, up 7.58% from October 2024’s average of $298,071. For sellers, this upward trend is an encouraging sign that home values in Princeton remain strong. For buyers, it emphasizes the importance of being prepared and competitive in a market with tightening inventory.
Homes Spending Longer on the Market
One notable shift this month is the increase in the time it takes to sell a home. The average Days on Market (DOM) rose to 78.83 days, up 17.41% from last year’s 67.14 days. For the year, it has taken an average of 71 days to sell. This indicates that while prices are rising, buyers may be taking more time to make decisions, possibly due to economic factors, affordability concerns, or the changing pace of the local market.
Sales Activity Softens
October saw 15 new listings, a 15.38% increase from last year. However, only 6 homes sold, compared to 7 last October—a 14.29% decline. This created a Closed-to-Listed ratio of 40%, down from 53.8% in October 2024. While the number of new listings is growing, buyers aren’t snapping up homes as quickly, contributing to longer DOM and a softer absorption rate.
Princeton Rural (RDOS)
Months Supply of Inventory (MSI) Increases
The total housing inventory at the end of October 2025 rose 9.09% to 72 existing homes available for sale. Over the last 12 months this area has had an average of 5 closed sales per month. This represents an unsold inventory index of 13.71 MSI for this period.Average Sale Price Going Up
According to the preliminary trends, this market area has experienced some upward momentum with the increase of Average Price this month. Prices went up 11.36% in October 2025 to $730,500 versus the previous year at $656,000.Average Days on Market Lengthens
The average number of 257.17 days that homes spent on the market before selling increased by 108.50 days or 72.98% in October 2025 compared to last year’s same month at 148.67 DOM.Sales Success for October 2025 is Positive
Overall, with Average Prices going up and Days on Market increasing, the Listed versus Closed Ratio finished strong this month. There were 11 New Listings in October 2025, down 21.43% from last year at 14. Furthermore, there were 6 Sold Listings this month versus last year at 3, a 100.00% increase. Closed versus Listed trends yielded a 54.5% ratio, up from previous year’s, October 2024, at 21.4%, a 154.55% upswing. This will certainly create pressure on an increasing Month’s Supply of Inventory (MSI) in the months to come.What This Means for Buyers and Sellers in Princeton
The Princeton market is showing mixed conditions:
✅ Prices are holding up
✅ Inventory is tightening
⚠️ Homes are taking longer to sell
⚠️ Fewer sales relative to new listings
For sellers, rising prices and lower inventory can still work in your favour, but proper pricing and strong marketing are key when buyers are moving more cautiously.
For buyers, the slower pace may create opportunities - yet with fewer homes available overall, being prepared can make all the difference when the right property hits the market.
