“Julia is one of those all-around uber professionals -- outstanding in every way. Great proactive communication and guidance throughout the process stood out for me.”
Century 21 Christel Realty
- Agent Pronto
- New Jersey
- Preakness
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Compare top Preakness real estate agents.
Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for May 2026. *
* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.
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Preakness real estate Market Report.
Information and statistics on the latest trends in the Preakness real estate market, updated for May 2026. *
Preakness is currently tilted strongly toward sellers, with a market gauge of 9 indicating a firm seller’s market. Homes sit for a typical 61 days on market, yet supply is tight at only 0.9 months of inventory. With just 16 active listings and 18 pending sales, demand is clearly outpacing what is available.
Prices and activity help explain this tilt. The typical home value is about $681,937, higher than the $624,500 level in Passaic County overall, and it jumped 16.57 percent from the prior month even while falling 7.85 percent year over year. Sellers are often getting what they ask or slightly more, with an average sale-to-list ratio of 1.0077 and about 47 percent of homes closing above list price.
Momentum in March also shows shifting dynamics for both buyers and sellers. Median list price rose sharply month over month by 28.93 percent to $825,000, even as new listings dipped 6.25 percent from last year and overall inventory fell nearly 23.81 percent from the prior month and 42.86 percent year over year. Looking ahead to April 2026, typical values are projected to reach about $730,405, with a projected median list price of $917,550 and inventory edging down to 13 homes. With pending sales up 5.88 percent year over year and only 12.5 percent of listings seeing price drops, both buyers and sellers can benefit from having an Agent Pronto-recommended expert guide them through this tight market.
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Seller’s Market
Seller’s Market
Buyer’s Market
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Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.
Learn more about what Preakness has to offer.
Preakness offers residents a welcoming, tight-knit community with convenient local amenities, ample green spaces, and easy access to schools and services.
Preakness offers a quieter, more residential feel than nearby Paterson or Clifton, while still keeping everyday conveniences close. Tree lined streets, established neighborhoods, and access to green space shape a community that feels stable and well cared for.
Locals make good use of nearby outdoor destinations. Golfers appreciate Preakness Valley Golf Course, while hikers and dog walkers head to High Mountain Park Preserve for sweeping views and wooded trails. Families often connect through youth sports and school events tied to Wayne Township Public Schools, which serve the area.
Daily errands are straightforward, with shopping and dining spread along Hamburg Turnpike and nearby corridors. For culture, dining, and higher education, residents look to Montclair and Wayne or catch events at William Paterson University. Commuters value access to NJ Transit bus and rail links into New York City and destinations across North Jersey.
The local market in Preakness can move quickly, particularly for updated single family homes and properties near parks and schools. Whether you are preparing to list a longtime residence or time a first purchase, having the right agent in place before you act helps you respond confidently to new opportunities. Agent Pronto can connect both buyers and sellers in Preakness with an agent who understands the community and current conditions.
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“Tina was absolutely amazing throughout our entire home buying process. She was always professional, responsive, and truly cared about helping us every step of the way. Thanks to her, everything went smoothly and we felt supported from beginning to end. We are so grateful for all her help. Highly recommend!”
RE/MAX Lifetime Realtors
“Brandy was fantastic every step of the way and stayed consistent throughout this entire process. Highly recommended for anyone in need of a realtor.”
Century 21 Elite Realty
“Vesna is a top notch Broker and will always stick to her in the future and will also recommend her to anyone who needs real estate broker”
Century 21 Elite Realty
“Chris was incredible and helped me find my first home. He was very knowledgeable and communicated everything clearly, and I would highly recommend him to my friends and family.”
Century 21 Action Plus Realty
“I bought my second house with Bryan, and I couldn’t be happier with the experience. He’s incredibly trustworthy, timely, and has an excellent attention to detail. His deep local knowledge made the process smooth and stress-free from start to finish. I highly recommend Bryan to anyone looking for a dependable and professional realtor!”
Century 21 Preferred Realty, Inc.
“Rob did well in preparing us for the sale. He understood our needs and time restraints we were under. Whenever we call him, he either anwsered at once or returned the call ASAP. He kept us in the loop at all times, providing an understanding of the next steps. Robert was professional at all times.”
Prominent Properties Sotheby's International Realty
“Tuve una experiencia muy agradable buscando casa asta que la encontramos le agradezco muchísimo a Rosse Méndez que Dios la bendiga”
Keller Williams Metropolitan
“Travis is the best. He loves his job.”
eRealty Advisors
“I was so happy to have Shawn as my real estate agent. He did a great job, he's the best!”
Compass New Jersey LLC
“Always kept me up to date in a timely manner!”
Keller Williams Real Estate
“Cathleen was helpful and responsive!”
Coldwell Banker Realty
“Martin's support and guidance made possible the sale of my property in very challenging circumstances. His professional demeanor was critical to land the closing.”
Compass
“Our experience with Bruno Melé was excellent! He did an outstanding work all the time and the sale of our home was smooth and efficient. Thank you! ”
Liberty Realty
“Mrs. Beverley Gaudio was a very pleasant person with professionalism and ideas to work on the sale of my house. I strongly recommend her to anyone who needs to sell their property!”
Coldwell Banker Realty
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Preakness. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Preakness Realtor® or real estate agent today.
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