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Market Intelligence · NJ / Princeton

Princeton, NJ 08542 Housing Market

The typical home value in Princeton, NJ 08542 is $898,217, up 4.9% over the past year as of September 2026. The median list price stands at $1,950,000, and homes are spending a median of 29 days on the market.

Updated September 2026Median value$898K

The median home value in Princeton, NJ 08542 is $898K as of September 2026, up 4.9% 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 08542 range

$826K to $970K

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

+4.9% over 12 months

Typical home value in 08542 over the last 12 months: $856K in Sep 2025 to $898K in Sep 2026 (+4.9%).

Sep 2025$856K

Sep 2026$898K

The numbers

What is the 08542 housing market like?

Typical home value

$898K

Up4.9%YoY

Median list price

$1.95M

Down25.7%MoM

Days on market

29

Down17.1%MoM

Homes for sale

6

Up20.0%MoM

Price cuts

0.0%

New listings

0

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

The outlook

08542 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 08542 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 08542 rose 4.9%, per the Zillow Home Value Index.

Will home prices drop in 08542?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 08542 to stay roughly flat by September 2027 (up 0.2%), after a 4.9% 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 08542 home prices compare?

  • 08542$898,217
  • 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

Princeton, NJ 08542 had just 6 homes for sale as of September 2026, which is a very thin pool of active listings. The typical home value is $898,217, up 4.9% over the past year. Sellers are listing at a median of $1,950,000, well above the typical value, and homes are moving in a median of 29 days. Notably, 0.0% of listings have taken a price cut, which suggests sellers are holding firm and still finding buyers. For a homeowner thinking about selling, the data points to a market where well-priced homes attract attention quickly and sellers are rarely forced to discount.

Monthly payment

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Common questions

What people ask us.

How much is a home in 08542 worth?

The typical home value in Princeton, NJ 08542 is $898,217, up 4.9% over the past year as of September 2026.

How fast are homes selling in 08542?

Homes are spending a median of 29 days on the market as of September 2026. Only 6 homes were for sale, so buyers have limited options.

Are sellers cutting prices in 08542?

No. As of September 2026, 0.0% of listings in Princeton, NJ 08542 had a price cut, even with a median list price of $1,950,000.

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