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PENNINGTON, NJ 08534

Real Estate Market Report  ·  Mercer County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The PENNINGTON, NJ real estate market (08534) currently shows 76 active listings, with 46 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are selling faster, averaging 27 days on market compared to 44 days last year.

The median listing price has risen 10.4% year-over-year, from $658,500 to $727,023.

Whether you are buying or selling in PENNINGTON, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 12,990  ·  Density: 230.2/mi²  ·  Median household income: $179,516

Typical home value: $549,389  ·  Homeownership: 84.6%

Market Overview

Active Listings
76
⇧ 24.6% vs 61 last year
Pending
46
61% pending ratio
Median Price
$727,023
⇧ 10.4% vs $658,500 last year
Average Price
$928,345
⇧ 17% vs $793,488 last year
Days on Market
27
⇩ 38.6% vs 44 days last year

Price Per Square Foot

Median $/sqft
$324
⇧ 0.6% vs $322/sqft last year
Median Home Size
2,167 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 76 this year vs 61 last year
  • Days on market: 27 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $727,023 (+10.4% YoY)
  • Average: $928,345 (+17% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.5 miles — 525 listings ($381,422,459 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08534Pennington, NJ 085340.0 mi49$49,478,926$654,950$1,009,774
08628Trenton, NJ 086284.6 mi25$10,166,775$354,950$406,671
08648Lawrence Township, NJ 086484.9 mi58$35,299,670$452,450$608,615
08638Trenton, NJ 086385.4 mi62$22,075,410$357,500$356,055
08530Lambertville, NJ 085306.2 mi24$19,894,176$799,500$828,924
08558Skillman, NJ 085587.5 mi20$26,678,460$882,000$1,333,923
08609Trenton, NJ 086097.7 mi35$9,014,110$235,975$257,546
08619Trenton, NJ 086198.0 mi54$22,809,222$409,500$422,393
08629Trenton, NJ 086298.3 mi21$6,881,322$293,250$327,682
18940Newtown, PA 189409.3 mi62$109,104,500$1,511,250$1,759,750
08550Princeton Junction, NJ 085509.8 mi36$32,416,056$941,250$900,446
08690Trenton, NJ 0869010.1 mi65$31,033,730$468,375$477,442
19030Fairless Hills, PA 1903010.5 mi14$6,570,102$458,500$469,293

Frequently Asked Questions

How many homes are for sale in PENNINGTON, NJ 08534?

As of April 2026, there are 76 active listings in PENNINGTON, NJ (zip code 08534), compared to 61 the prior year.

What is the median home price in PENNINGTON, NJ 08534?

The median listing price in PENNINGTON, NJ 08534 is $727,023 as of April 2026, a 10.4% increase from $658,500 the prior year.

How long do homes stay on the market in PENNINGTON, NJ?

Homes in PENNINGTON, NJ 08534 spend an average of 27 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in PENNINGTON, NJ 08534?

Based on current inventory and days-on-market data as of April 2026, PENNINGTON, NJ 08534 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are selling faster, averaging 27 days on market compared to 44 days last year.

How much can I save on real estate commission in PENNINGTON, NJ?

With SELL123.com's maximum 3% commission, sellers in PENNINGTON, NJ 08534 save an estimated $14,540 compared to a typical 5% commission on the median listing price of $727,023. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.