Market Intelligence · NJ / Princeton

Princeton, NJ 08540 Housing Market

The typical home in Princeton 08540 is worth $963,053, up 3.1% over the past year as of September 2026. The median list price is $812,000, and homes spend a median of 67 days on the market.

Updated September 2026Median value$963K

The median home value in Princeton, NJ 08540 is $963K as of September 2026, up 3.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 08540 range

$886K to $1.04M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.1% over 12 months

Sep 2025$934K

Low $934KHigh $963K

Sep 2026$963K

The numbers

What is the 08540 housing market like?

As of September 2026

Typical home value

$963K

3.1%YoY

Median list price

$812K

3.9%MoM

Days on market

13.6%MoM

Homes for sale

153

0.0%MoM

Price cuts

9.6%

36.0%MoM

New listings

4.2%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

08540 housing market forecast 2027

+0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 08540 to stay roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in 08540 rose 3.1%, per the Zillow Home Value Index.

Will home prices drop in 08540?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 08540 to stay roughly flat by September 2027 (up 0.1%), after a 3.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 08540 home prices compare?

08540$963,053
Princeton$930,635
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Princeton: 2 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

The market in 08540 held its value through the past year, with the typical home up 3.1% to $963,053 as of September 2026. There were 153 homes for sale, and 46 of those were new listings. The median asking price sat at $812,000, and the typical listing took 67 days to go under contract. Only 9.6% of listings took a price cut. For a seller, the data points to steady demand with limited pressure to discount.

Monthly payment

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Home price

Down payment20% · $192,611

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Common questions

What people ask us.

How much is a home in 08540 worth?

The typical home value in Princeton 08540 is $963,053, up 3.1% over the past year as of September 2026.

How fast do homes sell in 08540?

Homes in 08540 spent a median of 67 days on the market as of September 2026.

Are sellers cutting prices in 08540?

9.6% of listings in 08540 had a price cut as of September 2026.

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Nearby ZIP markets.

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