Market Intelligence · NJ / Trenton

Trenton, NJ 08638 Housing Market

The typical home value in Trenton, NJ 08638 is $318,503, down 3.6% over the past year. The median list price is $317,450, and homes spend a median of 46 days on market. As of 2026-08-01, there were 48 homes for sale.

Updated August 2026Median value$319K

The median home value in Trenton, NJ 08638 is $319K as of August 2026, down 3.6% 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 08638 range

$293K to $344K

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

-3.6% over 12 months

Typical home value in 08638 over the last 12 months: $330K in Aug 2025 to $319K in Aug 2026 (-3.6%).

Aug 2025$330K

Aug 2026$319K

The numbers

What is the 08638 housing market like?

Typical home value

$319K

Down3.6%YoY

Median list price

$317K

Down5.2%MoM

Days on market

46

Down11.5%MoM

Homes for sale

48

Up2.1%MoM

Price cuts

12.0%

Down34.9%MoM

New listings

20

Flat0.0%MoM

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

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The comparison

How do 08638 home prices compare?

  • 08638$318,503
  • Trenton$336,935
  • 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 (Trenton: 10 ZIPs; New Jersey: 547 ZIPs; United States: 26,265 ZIPs).

Context

Home values in Trenton, NJ 08638 have softened, with the typical value at $318,503, down 3.6% over the past year. The median list price sits at $317,450, very close to the typical value, which suggests sellers are pricing near where homes are actually valued. Inventory includes 48 homes for sale, with 20 new listings coming to market. Homes are taking a median of 46 days to sell, so buyers have some time to decide. Only 12.0% of listings have had a price cut. For a seller, this is a market where realistic pricing from the start matters more than testing a high number.

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