08691 — Mercer County, New Jersey Market Snapshot
Housing market data for zip code 08691 in Mercer County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
36 sales in 2026 (year to date)
Median Sale Price
$700,000
Days to Sell
51
Homes Sold
36
Inventory
67
Sale-to-List
99.1%
New Listings
96
Price/SqFt
$316
Pending Sales
73
Conforming Loan Available
The median home in 08691 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
08691's market is balanced with homes taking an average of 51 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 08691 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 08691 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 08691 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 08691
To purchase the median home at $700,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,513.
Monthly Payment
$5,513
Income Required
$236,279
Principal & Interest
$4,313/mo
Down Payment (5%)
$35,000
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 08691.
Estimated Monthly Payment
$4,482
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