UPDATE: The Princeton real estate market has just witnessed a surge in high-value home sales, with a stunning single-family residence selling for a record $1.4 million this past week. The data, covering sales from September 8-14, reveals an average home price of $865,725 across six residential real estate transactions, signaling a thriving market in this New Jersey town.
The most expensive property sold was located at 73 Bayberry Road, finalizing at $1,400,000. Built in 1951 and featuring a living space of 1,166 square feet, this home achieved an impressive price per square foot of $1,201, finalized on August 20.
Here’s a breakdown of the top five home sales in Princeton from last week:
5. $320K – Single-family residence at 1803 Muriel Court
A sale has been finalized for a home at 1803 Muriel Court at the price of $320,000. This property, constructed in 1985, includes 1,130 square feet of living space, translating to a price per square foot of $283. The deal was finalized on August 18.
4. $450K – Detached house at 1036 Canal Road
The single-family home at 1036 Canal Road sold for $450,000. Built in 1840, this historic property reflects the charm of Princeton. The sale was finalized on August 28.
3. $699K – Single-family home at 50 Truman Ave.
Another notable sale was at 50 Truman Ave, where a 1,922-square-foot detached house sold for $699,350, bringing the price per square foot to $364. This home, constructed in 2003, was finalized on August 27.
2. $725K – Single-family residence at 13 Castleton Road
The property at 13 Castleton Road recently changed hands for $725,000. Built in 1996, this residence spans 2,013 square feet and achieved a price per square foot of $360, finalized on August 27.
As the Princeton real estate landscape continues to evolve, these figures highlight a robust demand for residential properties. The average price per square foot across all sales has been reported at $499, indicating strong market performance.
For potential buyers, investors, and those watching the housing market, these developments are critical. The real estate scene in Princeton is not only thriving but also setting the stage for potential future gains. Stay tuned for more updates as this story unfolds.