5-Year Market Value Analysis
GREATER PRINCETON AREA
5-Year Market Value Analysis
A recently published report from Zillow states that U.S. home values have risen by 45.3% since 2020, noting that more than 10 years of typical growth has been packed into a 5-year period. In this report, we compare this figure with how our own local real estate market has performed, specifically looking at 30 different municipalities throughout our general service area.
While most homeowners may be reluctant to sell due to the historically low interest rates they locked in when they purchased years ago, many find themselves living in homes that are now too big or too small as their families and lives have changed. For some, a greater awareness of their increased equity (in some cases, dramatically increased equity) could help them to determine that moving on might actually be the best financial and practical decision. That increased equity may enable them to be cash buyers on their next purchase or allow for a much smaller mortgage amount that serves to offset a higher interest rate.
While Princeton median home values have risen at a measured amount that nearly mimics Zillow's reported nationwide increase (up 45%), towns like Robbinsville and Ewing are up 90% to 95%. Or, look at Trenton, which is up a whopping 137% over the past 5 years. Wherever you live locally, there's likely a chart inside this report that is of particular interest and importance to you. This is just a quick snapshot with the basic metrics. If you have any questions, your favorite Callaway Henderson Sotheby's International Realty agent is ready to answer any questions and help you make the best, most informed decision for your “what's next”...
Ewing Township
Callaway Henderson Sotheby’s International Realty
Bright MLS (1/1/20-12/31/24 Closed Residential Sales)
Callaway Henderson Sotheby’s International Realty
Source: Bright MLS (1/1/20-12/31/24 Closed Residential Sales)
Callaway Henderson Sotheby’s
Hopewell Township
Callaway Henderson Sotheby’s
Lawrence Township
Callaway Henderson Sotheby’s
Robbinsville Township
West Windsor Township
Cranbury Township
Plainsboro Township
South Brunswick Township
Franklin Township
Callaway Henderson Sotheby’s
Hillsborough Township
Henderson Sotheby’s
Montgomery Township
Delaware Township
Raritan Township
Sotheby’s
Stockton Borough
Lower Makefield Township
New Hope Borough
Callaway Henderson Sotheby’s International Realty
Newtown Township
Callaway Henderson Sotheby’s
Callaway Henderson Sotheby’s
Upper Makefield Township
Callaway Henderson Sotheby’s
