Housing in Preakness, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$326,500
Median List Price
$799,999
Price Per Sq Ft
$351
Days on Market
55
Active Inventory
25
Months of Supply
2.3
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Off Market in 2 Weeks
22.7%
Sale-to-List Ratio
103.4%
Seller's market
Market Activity
Source: RedfinHomes Sold
11
New Listings
13
Pending Sales
22
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$351
Median List $/SF
$351
Preakness vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Preakness 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
$603,200
Median Rent
$1,946
Total Housing Units
6,906
Vacancy Rate
2.5%
Owner Occupied
70.0%
Renter Occupied
30.0%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,789
Housing Types
The current median sale price in Preakness, NJ is $326,500 according to Redfin data. Homes spend a median of 55 days on the market. 100.0% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $351. The median rent is $1,946 per month (Census ACS). About 70.0% of housing units are owner-occupied. The median year homes were built is 1967. There are 6,906 total housing units.