Property prices for sale in Pennington (New Jersey)

The prices in real estate in Pennington, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$635,418
Average price last 6 months
$279.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Pennington has fallen in the last 6 months. In April, the average price per sq.feet was $299. In May this price pretty much remained the same at a value of $296 per sq.feet. The price for the following two months in (June, July) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $288.75 to $262 during August, and September.

Average price

Based upon to the price in Pennington (cities), these have remained the same in the last 6 months. The price in April is $616,769, rising in May till $692,036. In the following two months the average price has remained the same with regard to the previous two months from $654,402.5 to $648,367.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $651,385 to $603,484 in August and September.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $624,943 they are 82 % more affordable than the average price for Pennington. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $407,500.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $162 / sq.feet, with an average $262 / sq.feet price in Pennington. The properties with the highest average prices have 4 bedrooms. They are 2847 % more expensive than the average followed by properties with 2 bedrooms with a price at $245 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $624,943 it is 74 % cheaper than the average price in Pennington. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $391,075 it is 16 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $167 / sq.feet followed by "Townhouse" priced at $203 / sq.feet. "Land" is the most costly type of property with a $95,136 / sq.feet cost followed by "House" with an average price of $2,509 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Pennington
Number of properties used in region New Jersey
$624,943
$262
850
311,384
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value