08690 — Mercer County, New Jersey Market Snapshot
Housing market data for zip code 08690 in Mercer County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
52 sales in 2026 (year to date)
Median Sale Price
$477,500
Days to Sell
58
Homes Sold
52
Inventory
46
Sale-to-List
100.0%
New Listings
71
Price/SqFt
$295
Pending Sales
72
Conforming Loan Available
Most homebuyers in 08690 can comfortably use conventional financing. The median home price of $477,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
08690's market is balanced with homes taking an average of 58 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 08690 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08690 can comfortably use conventional financing. The median home price of $477,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 08690 are set at the county level.
2026 Loan Limits — Mercer County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 08690
To purchase the median home at $477,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,808.
Monthly Payment
$3,808
Income Required
$163,219
Principal & Interest
$2,942/mo
Down Payment (5%)
$23,875
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08690.
Estimated Monthly Payment
$3,105
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