The Collapse of Sub-$1M Housing Inventory in Princeton
Twenty years ago, over 280 single-family homes in Princeton sold for under $1 million.
Last year? Around 30.
And several required significant repairs.
This isn’t just price appreciation — it’s a structural shift in Princeton’s housing inventory.
The disappearance of sub-$1M homes represents the loss of the “missing middle” — the teachers, small business owners, young professionals, and move-up buyers who once had realistic access to Princeton real estate.
When entry-level inventory disappears, it impacts:
• First-time buyers trying to enter the market
• Move-up buyers who rely on downstream affordability
• Workforce retention in high-cost towns
• Long-term demographic diversity
If you're planning to buy or sell in Princeton or anywhere in Mercer County, understanding inventory trends — not just pricing — is critical in today’s market.
For a personalized breakdown of what this shift means for you, reach out directly.
