Trenton, NJ Housing Market Report

The Trenton, New Jersey housing market is currently undergoing a period of stabilization and transition as of December 2025. While the median home value remains relatively affordable at $341,613 compared to the broader Trenton-Princeton metro area, the market has shifted toward a more balanced environment. A significant 18.12% year-over-year increase in active inventory, totaling 678 units, has provided buyers with more options than they have seen in recent years. However, with a sale-to-list ratio holding steady at 1, sellers are still generally receiving their full asking prices, indicating that demand remains resilient despite the increased supply.

Price trends over the last six months show a subtle cooling phase, with values declining slightly from a peak of $343,814 in July to $341,613 in December. This marginal year-over-year decrease of 0.09% suggests that the rapid appreciation seen in previous cycles has plateaued. In contrast, the rental market continues to show strength, with median rents rising 4.14% to $2,149. This divergence between stagnant home prices and rising rents may be driven by higher borrowing costs keeping potential buyers in the rental pool, as well as Trenton's strategic location as a more affordable alternative for commuters working in Philadelphia or New York.

Looking ahead, the market favors a patient approach for both parties. For buyers, the increase in days on market—now averaging 61 days, up 15 days from last year—offers more leverage for inspections and negotiations. Sellers should be prepared for longer listing periods and must ensure their properties are priced accurately to reflect the current plateau. While the market is no longer in a frenetic state of overbidding, the stability in home values combined with rising rental yields suggests that Trenton remains a viable location for long-term residential investment and homeownership.