Home ValuePros
Talk to a Pro

Market Intelligence · NJ / Trenton

Trenton, NJ 08638 Housing Market

The typical home in Trenton's 08638 ZIP is valued at $306,188, down 3.3% over the past year. The median list price stands at $365,500, with homes taking a median of 64 days to sell as of September 2026.

Updated September 2026Median value$306K

The median home value in Trenton, NJ 08638 is $306K as of September 2026, down 3.3% 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.

Get a cash offer

Sell without the wait

Sell your Trenton home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 08638 range

$282K to $331K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 08638 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Trenton, NJ.

12-month value trend

-3.3% over 12 months

Typical home value in 08638 over the last 12 months: $317K in Sep 2025 to $306K in Sep 2026 (-3.3%).

Sep 2025$317K

Sep 2026$306K

The numbers

What is the 08638 housing market like?

Typical home value

$306K

Down3.3%YoY

Median list price

$366K

Up15.1%MoM

Days on market

64

Up39.1%MoM

Homes for sale

56

Up16.7%MoM

Price cuts

12.8%

Up7.1%MoM

New listings

18

Down10.0%MoM

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

The outlook

08638 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 08638 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 08638 fell 3.3%, per the Zillow Home Value Index.

Will home prices drop in 08638?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 08638 to stay roughly flat by September 2027 (down 0.3%), after a 3.3% decline 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.

Free home value report

See what your 08638 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 08638 home prices compare?

  • 08638$306,188
  • Trenton$327,624
  • 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 (Trenton: 10 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

There are 56 homes for sale in this ZIP, with 18 new listings as of September 2026. The median list price of $365,500 sits above the typical home value of $306,188, a gap that reflects broader softness in the market. Homes are spending 64 days on the market, a moderate timeline that suggests steady but not brisk demand. About 12.8% of listings have seen a price cut, which aligns with the 3.3% annual decline in typical home values. For sellers, this means pricing strategically and being realistic about the current environment.

Monthly payment

Estimate your monthly payment.

20% · $61,238

Common questions

What people ask us.

What is the typical home value in 08638?

The typical home value in Trenton's 08638 ZIP is $306,188, down 3.3% over the past year as of September 2026.

How long do homes typically stay on the market here?

Homes in this ZIP take a median of 64 days to sell, based on September 2026 data.

How many homes are for sale in 08638?

There are 56 homes for sale in this ZIP as of September 2026, with 18 new listings during that period.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.