Is Trenton, NJ 08618 a buyer’s or seller’s market?
Trenton is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 47% of U.S. ZIP codes, and #412 of 444 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Trenton housing market right now
In the three months ending August 31, 2026, 36% of homes in Trenton, NJ 08618 sold above their list price, the typical home went under contract in 52 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 68 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 49%, homes sold faster (60 days then) and the median sale price held steady to $324,859. Overall, Trenton is less competitive than a year ago, which gives buyers more room.
Within Mercer County, homes here sell more slowly than in 79% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Trenton ranks #412 of 444 NJ ZIP codes with enough sales (score 46 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.
Run the numbers for 08618
Nearby markets
Hightstown 08520Balanced $292 /sq ftHopewell 08525Seller’s market $325 /sq ftLawrence Township 08648Seller’s market $294 /sq ftPennington 08534Seller’s market $324 /sq ft Browse all markets →Towns like Trenton nearby
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Questions about Trenton real estate
Is Trenton a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Trenton, NJ 08618 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Trenton?
The typical home went under contract in 52 days in the latest three months.
Do homes in Trenton sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Trenton?
About 3.47% of a home’s value a year in Trenton City, Mercer County, or roughly $13,872 on a $400,000 home.
What is the median home price in Trenton?
The median sale price was $324,859 in the three months ending August 31, 2026, about $186 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology