Photo: Elkman · CC BY-SA 3.058 homes sold in Princeton in the last year, at a typical $277K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Princeton homes are listed.
Every place Princeton homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Princeton.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 81% of Princeton’s sales, at a typical $280K
58 homes sold in the year to May 2026.
typical sale · 47 sold in 12 months
- Per square foot
- $170MN $191
- Days to sell
- 27
- Sold over asking
- 45%
- Listings with a price cut
- 27%
Townhouses: 11 sold, typical $278K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.9 times the 2016 price
58 sales in the last year, against 108 in 2020 and a low of 67 in 2024. The typical sale went from $146K in 2016 to $277K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Princeton
Check a listing against what Princeton homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Princeton are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Princeton’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 58 sales.
If you’re buying in Princeton
- Shop in May. It brings about 12 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 32% of listings have cut their price, against 20% before the pandemic.
- Bid near asking. Buyers paid 99.2% of the list price on average; 43% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; fall brings the bidding wars
April has the most new listings (about 13 a month), but October is the most competitive: 44% of October sales close over asking. May offers nearly as much choice with fewer homes bid up (29%). May has the least competition (29%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Minnesota
| Princeton now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 43% | 35% | 58% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 48% | 44% | 67% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | 20% | 19% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 99.9% | 102% | 99.2% |
| Days to sellMedian days from listing to contract | 23 | 31 | 16 | 35 |
10 homes for sale on a typical day
That’s 1.3 times the 2023 low (8), 51% fewer than in 2017–19 and well under 2014’s 37.
1 in 3 listings has cut its price
32% in the last year, against 20% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Princeton home costs about $1,745 a month
Price: Princeton’s typical sale, last 12 months. Property tax at Princeton’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Princeton is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $277K home, about $3,590 a year.
Taxes vs. neighborsSchools
The schools grade for Princeton, from test results, graduation and how much students grow.
Schools in PrincetonTypical commute
The average one-way trip to work for people who live in Princeton.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Milaca and Foley sell for less a square foot
The busier markets within 25 miles of Princeton, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Elk River | 420 | $407K | $187 | 34% | 39 |
| Big Lake | 187 | $328K | $179 | 48% | 28 |
| Zimmerman | 133 | $339K | $184 | 31% | 39 |
| St. Francis | 132 | $345K | $192 | 40% | 38 |
| Princeton | 58 | $277K | $162 | 43% | 23 |
| Milaca | 51 | $240K | $152 | 41% | 56 |
| Foley | 35 | $262K | $155 | 23% | 52 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Princeton, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Princeton. People who follow the town see it, and so do people comparing Princeton with their own town. No commission, no listing fee.
Questions about buying a home in Princeton
What do homes sell for in Princeton, MN?
58 homes sold in the year to May 2026 at a typical $277K, $162 a square foot.
Is Princeton a buyer’s or seller’s market?
A balanced market: 14 homes were for sale in May 2026 and 3 sold, about 4.7 months of supply. Buyers paid 99.2% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Princeton?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Princeton?
About 1.3% of a home’s value a year. On a $277K home that’s near $3,590.
Where can I see homes for sale in Princeton?
Zillow, Redfin, Realtor.com and Homes.com all carry Princeton’s MLS listings; the search links above open each one filtered to Princeton.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).