“Julia was excellent and so professional Always available to answer any and all questions”
Century 21 Christel Realty
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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for September 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. *
Latest Rolling 3-Month Snapshot
May 1, 2026 - Jul 31, 2026
Median sale price
$849K
+2.8%
from
Q2 '26
Median list price
$656K
-11%
from
Q2 '26
Active listings
80
+8.1%
from
Q2 '26
Homes sold
49
-5.8%
from
Q2 '26
New pendings
43
-8.5%
from
Q2 '26
New listings
55
No change
from
Q2 '26
Quarterly Pricing Trends for Preakness
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Preakness
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Preakness
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Preakness
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Preakness
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Preakness
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
19
Seller’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (May 2026 - Jul 2026).
Preakness currently shows a clear seller’s market, with the gauge reading strongly in favor of sellers. Months of supply sit at just 2.3, signaling limited inventory relative to demand. A majority of recent sales closed quickly, with a median of 23 days on market.
Looking at this rolling three-month view, prices have pushed notably higher compared with a year ago. The typical home value has climbed about 23 percent year over year, and homes sold are up roughly 26 percent, highlighting solid buyer demand. At the same time, active listings have changed little from last year, so more buyers are competing for a similar number of homes.
Competition shows up clearly in how homes are selling. More than three quarters of recent sales closed above the listing price, and the average sale-to-list ratio is near 108 percent, indicating frequent bidding above asking. New listings are only modestly higher than a year ago, which keeps conditions tight even as buyer interest stays strong. With this mix of rising values and quick, often above-list sales, both buyers and sellers can benefit from using Agent Pronto to connect with an experienced local agent who understands how to navigate Preakness’s market dynamics today.
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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“Selling my condo felt overwhelming at first, but working with Tina Torres made the entire process smooth and successful from start to finish. Her professionalism, knowledge, communication and dedication were truly outstanding. Tina was always available to answer questions, kept me informed every step of the way and worked incredibly hard to make sure everything stayed on track. Thanks to her expertise, my condo sold quickly and the Closing process went smoothly. What stood out the most was how much Tina genuinely cared about me as a client, not just about making a sale. I always felt supported, respected and confident that I was in the best hands possible. I couldn't have asked for a better experience and would highly recommend Tina Torres to anyone buying or selling a home. She is truly one of the best realtors out there!!”
RE/MAX Lifetime Realtors
“I had the pleasure of having Jacqueline Greco as my real estate agent for both renting in Jersey city and Bayonne and for helping us buy our first home, the fact that we chose to work with her 3 times should speak volumes of how good of a job she's done for us, she was always available to discuss concerns and was very blunt about the places we visited with her, one thing that set her apart from other real estate agents we had in the past is how self motivated, diligent and efficient she is, she would always try to make our time worth it by booking the viewings as efficiently as possible, she navigated us through a very out of the ordinary sale, and she put us in contact with many professionals along the way. I would definitely work with her again if we need to sell our home or buy another”
SERHANT
“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
“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
“Keith Bochner had the same vision as I did. He was there every step of the way and went far and above what was expected. Extremely knowledgeable in the field and guided me correctly all the way. Keith is a true professional. I highly recommend his services!”
Coldwell Banker
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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