Photo: DiskFool · Public domain40 homes sold in Pennington in the last year, at a typical $761K
Almost every sale is a house. 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 Pennington homes are listed.
Every place Pennington 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 Pennington.
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 80% of Pennington’s sales, at a typical $865K
40 homes sold in the year to April 2026.
typical sale · 32 sold in 12 months
- Per square foot
- $368NJ $330
- Days to sell
- 63
- Sold over asking
- 59%
- Listings with a price cut
- 26%
Townhouses: 6 sold, typical $516K
Condos: 2 sold, typical $380K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.7 times the 2016 price
40 sales in the last year, against 94 in 2021 and a low of 36 in 2023. The typical sale went from $456K in 2016 to $761K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $750K buys in Pennington
Check a listing against what Pennington 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 Pennington are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Pennington’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 April 2026, 40 sales.
If you’re buying in Pennington
- Shop in April. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- You can negotiate. 33% of listings have cut their price, against 28% before the pandemic.
- Expect to bid over asking. Buyers paid 102.9% of the list price on average; 57% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 58 days.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 10 a month), but May is the most competitive: 37% of May sales close over asking. January has the least competition (16%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Pennington now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 57% | 13% | 52% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 13% | 55% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 33% | 28% | 22% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 102.9% | 97.7% | 101.5% | 101.2% |
| Days to sellMedian days from listing to contract | 58 | 97 | 53 | 45 |
10 homes for sale on a typical day
That’s 1.2 times the 2023 low (8), 63% fewer than in 2017–19 and well under 2015’s 38.
1 in 3 listings has cut its price
33% in the last year, against 28% in 2017–19 and 17% across New Jersey. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2012 to April 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 3.
Best time to buySchools
The schools grade for Pennington, from test results, graduation and how much students grow.
Schools in PenningtonTypical commute
The average one-way trip to work for people who live in Pennington.
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.
Lawrenceville, Ewing Township, Yardley, Trenton and Woodside sell for less a square foot; Princeton for far more
The busier markets within 25 miles of Pennington, 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 | |
|---|---|---|---|---|---|
| Trenton | 496 | $232K | $157 | 30% | 66 |
| Ewing Township | 362 | $385K | $246 | 54% | 49 |
| Princeton | 242 | $1.3M | $545 | 49% | 49 |
| Yardley | 51 | $462K | $297 | 39% | 27 |
| Lawrenceville | 47 | $484K | $295 | 49% | 37 |
| Pennington | 40 | $761K | $354 | 57% | 58 |
| Woodside | 29 | $827K | $320 | 52% | 75 |
Redfin Data Center, May 2025 to April 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Pennington, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Pennington. People who follow the town see it, and so do people comparing Pennington with their own town. No commission, no listing fee.
Questions about buying a home in Pennington
What do homes sell for in Pennington, NJ?
40 homes sold in the year to April 2026 at a typical $761K, $354 a square foot.
Is Pennington a buyer’s or seller’s market?
A seller’s market: 9 homes were for sale in April 2026 and 3 sold, about 3 months of supply. Buyers paid 102.9% of asking on average, and 33% of listings cut their price.
When is the best time to buy in Pennington?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Pennington?
Zillow, Redfin, Realtor.com and Homes.com all carry Pennington’s MLS listings; the search links above open each one filtered to Pennington.
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).