Trenton-Princeton, NJ
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1979 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +5.2%
nominal +5.2%
Five years
Five years real +41.8%
nominal +64.1%
Ten years
Ten years real +52.7%
nominal +99.6%
Twenty-five years
Twenty-five years real +64.6%
nominal +191.7%
Since 2000
Since 2000 real +79.8%
nominal +227.6%
2007 to 2012
crash, real −29.1%
2007Q1 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 376.1 | 376.1 | real year on year +3.5% |
| 2025 Q4 | 363.2 | 363.2 | real year on year +6.3% |
| 2024 Q4 | 341.7 | 341.7 | real year on year +3.9% |
| 2023 Q4 | 319.4 | 328.8 | real year on year +6.9% |
| 2022 Q4 | 287.1 | 307.7 | real year on year +6.4% |
| 2021 Q4 | 249.7 | 289.1 | real year on year +11.0% |
| 2020 Q4 | 214.8 | 260.3 | real year on year +4.0% |
| 2019 Q4 | 204.1 | 250.4 | real year on year +3.6% |
| 2018 Q4 | 193.4 | 241.6 | real year on year −1.3% |
| 2017 Q4 | 191.3 | 244.8 | real year on year −2.3% |
| 2016 Q4 | 191.8 | 250.7 | real year on year +1.4% |
| 2015 Q4 | 186.8 | 247.2 | real year on year +1.5% |
| 2014 Q4 | 183.8 | 243.6 | real year on year −0.1% |
| 2013 Q4 | 181.2 | 243.9 | real year on year −1.6% |
| 2012 Q4 | 181.5 | 248.0 | real year on year −3.9% |
| 2011 Q4 | 185.1 | 258.1 | real year on year −7.8% |
| 2010 Q4 | 194.7 | 280.0 | real year on year −1.6% |
| 2009 Q4 | 194.7 | 284.7 | real year on year −6.7% |
| 2008 Q4 | 209.5 | 305.2 | real year on year −9.4% |
| 2007 Q4 | 222.8 | 337.0 | real year on year −5.7% |
| 2006 Q4 | 229.6 | 357.2 | real year on year −0.1% |
| 2005 Q4 | 222.6 | 357.6 | real year on year +10.2% |
| 2004 Q4 | 195.4 | 324.5 | real year on year +12.1% |
| 2003 Q4 | 169.8 | 289.6 | real year on year +8.3% |
| 2002 Q4 | 153.4 | 267.4 | real year on year +11.1% |
| 2001 Q4 | 135.9 | 240.8 | real year on year +8.1% |
| 2000 Q4 | 122.3 | 222.8 | real year on year +5.8% |
| 1999 Q4 | 111.9 | 210.7 | real year on year +2.9% |
| 1998 Q4 | 106.3 | 204.6 | real year on year +1.5% |
| 1997 Q4 | 103.2 | 201.6 | real year on year −1.2% |
| 1996 Q4 | 102.0 | 204.0 | real year on year −3.0% |
| 1995 Q4 | 102.1 | 210.3 | real year on year −0.2% |
| 1994 Q4 | 99.5 | 210.7 | real year on year −6.5% |
| 1993 Q4 | 103.8 | 225.4 | real year on year −2.5% |
| 1992 Q4 | 103.4 | 231.1 | real year on year −3.1% |
| 1991 Q4 | 103.6 | 238.5 | real year on year −3.4% |
| 1990 Q4 | 102.9 | 247.0 | real year on year −11.0% |
| 1989 Q4 | 109.7 | 277.5 | real year on year −4.5% |
| 1988 Q4 | 109.5 | 290.5 | real year on year +0.8% |
| 1987 Q4 | 104.3 | 288.0 | real year on year +15.1% |
| 1986 Q4 | 87.5 | 250.3 | real year on year +22.5% |
| 1985 Q4 | 70.1 | 204.4 | real year on year +12.3% |
| 1984 Q4 | 60.3 | 182.0 | real year on year +7.3% |
| 1983 Q4 | 53.9 | 169.7 | real year on year +6.9% |
| 1982 Q4 | 48.8 | 158.7 | real year on year −1.1% |
| 1981 Q4 | 46.5 | 160.6 | real year on year −5.5% |
| 1980 Q4 | 44.6 | 170.0 | real year on year −7.7% |
| 1979 Q4 | 42.6 | 184.2 | — |
2026 Q2376 · real 376real year on year +3.5%
2025 Q4363 · real 363real year on year +6.3%
2024 Q4342 · real 342real year on year +3.9%
2023 Q4319 · real 329real year on year +6.9%
2022 Q4287 · real 308real year on year +6.4%
2021 Q4250 · real 289real year on year +11.0%
2020 Q4215 · real 260real year on year +4.0%
2019 Q4204 · real 250real year on year +3.6%
2018 Q4193 · real 242real year on year −1.3%
2017 Q4191 · real 245real year on year −2.3%
2016 Q4192 · real 251real year on year +1.4%
2015 Q4187 · real 247real year on year +1.5%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 45940. Real terms by the World Bank's US consumer price index, annual.