Is Pennington, NJ 08534 a buyer’s or seller’s market?

The Pennington housing market right now

In the three months ending August 31, 2026, 43% of homes in Pennington, NJ 08534 sold above their list price, the typical home went under contract in 58 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 91 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 52%, homes sold more slowly (54 days then) and the median sale price rose 3% to $679,706. Overall, Pennington is less competitive than a year ago, which gives buyers more room.

Within Mercer County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in 63%. On our competition score, Pennington ranks #277 of 444 NJ ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Trenton 08608 (0% sold over asking) or Titusville 08560 (18% sold over asking), while Princeton 08542 (64% sold over asking) and Trenton 08620 (59% sold over asking) are even more competitive.