Is Trenton, NJ 08638 a buyer’s or seller’s market?

The Trenton housing market right now

In the three months ending August 31, 2026, 48% of homes in Trenton, NJ 08638 sold above their list price, the typical home went under contract in 42 days and there were 4 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 51 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold about as fast and the median sale price rose 12% to $391,331. Overall, Trenton is less competitive than a year ago, which gives buyers more room.

Within Mercer County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell more often over asking than in 53%. On our competition score, Trenton ranks #290 of 444 NJ ZIP codes with enough sales (score 70 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.