← Stories NJ Home Prices Up 3.8% in February: What the Numbers Mean for Greater Princeton Buyers and Sellers

NJ Home Prices Up 3.8% in February: What the Numbers Mean for Greater Princeton Buyers and Sellers

Four out of ten homes in New Jersey sold above list price last month. Prices are up 3.8% year-over-year, and inventory is climbing — but the story is more nuanced than the headline.

Zillow's February 2026 data puts the statewide median at $540,400, with active listings at 13,201 — up 11.4% from a year ago. That sounds like meaningful relief for buyers, and in some ways it is. More choices, slightly longer decision windows (median days on market climbed to 60 days, up 6 days year-over-year). But 11% more inventory on a historically depleted base still doesn't bring us close to a balanced market. Sellers remain in the driver's seat in most price ranges across the Greater Princeton area, where demand from Princeton University affiliates, Route 1 corridor professionals, and top-school-district buyers stays consistently strong regardless of broader rate fluctuations.

For buyers, the 60-day DOM is a signal worth watching — it suggests the frantic 48-hour decision window of 2021-2022 has eased, but well-priced homes in sought-after school districts are still moving quickly and attracting multiple offers. For sellers, that 40.1% above-list stat is a reminder that accurate pricing still generates competition — it's overpricing, not market softness, that's adding days on market for the homes that sit.

We break down what these statewide trends actually mean at the local level at TheWuTeam.com.

Source: Zillow

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