Housing in Pennington, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$615,000
Median List Price
$469,000
Price Per Sq Ft
$312
Days on Market
131
Active Inventory
5
Months of Supply
1.7
Seller's market
Zillow Home Value
$662,817
ZHVI — January 2026
Zillow Rent Index
$2,546
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
92.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
3
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$312
Median List $/SF
$395
Pennington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Pennington is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$608,200
Median Rent
$1,819
Total Housing Units
1,268
Vacancy Rate
7.9%
Owner Occupied
79.5%
Renter Occupied
20.5%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,509
Housing Types
The current median sale price in Pennington, NJ is $615,000 according to Redfin data. Homes spend a median of 131 days on the market. 0.0% of homes sold above asking price. The market has 1.7 months of supply. The median price per square foot is $312. Zillow's observed rent index is $2,546/month. About 79.5% of housing units are owner-occupied. The median year homes were built is 1956. There are 1,268 total housing units.