Market Intelligence · NJ / Princeton

Princeton, NJ 08540 Housing Market

In Princeton, NJ 08540, the typical home value is $987,711, up 2.6% over the past year. The median list price is $845,000, and homes have a median of 59 days on market.

Updated August 2026Median value$980K

The median home value in Princeton, NJ 08540 is $980K as of August 2026, up 3.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 08540 range

$901K to $1.06M

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

Typical home value in 08540 over the last 12 months: $951K in Aug 2025 to $980K in Aug 2026 (+3.1%).

Aug 2025$951K

Aug 2026$980K

The numbers

What is the 08540 housing market like?

Typical home value

$980K

Up3.1%YoY

Median list price

$845K

Down9.3%MoM

Days on market

59

Up18.0%MoM

Homes for sale

153

Up7.0%MoM

Price cuts

15.0%

Up26.9%MoM

New listings

48

Down17.2%MoM

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

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The comparison

How do 08540 home prices compare?

  • 08540$979,832
  • Princeton$941,758
  • New Jersey$576,681
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Princeton: 2 ZIPs; New Jersey: 547 ZIPs; United States: 26,265 ZIPs).

Context

The Princeton 08540 market has 153 homes for sale and 48 new listings. The median list price is $845,000, while the typical home value is $987,711, up 2.6% over the past year. A median of 59 days on market suggests buyers are taking some time, and 15.0% of listings have a price cut. For a seller, the read is steady but not automatic: strong pricing and clean presentation still matter.

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20% · $195,966

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