Is Pennington, NJ 08534 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Pennington is a seller’s market. With about 2 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2Under 4 months = seller’s market

Sold above original list43.2%Share of sales, last 3 months

Median sale-to-list101.2%Sold price ÷ list price

Median days on market58Listing to accepted offer

Median price per sq ft$324▼ −6.0% vs. last year

Run the numbers for 08534

Prefilled for 08534Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08534Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hightstown 08520Balanced $292 /sq ft Hopewell 08525Seller’s market $325 /sq ft Lawrence Township 08648Seller’s market $294 /sq ft Princeton 08540Seller’s market $431 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology