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Balanced Market

Somerset Updated monthly

Somerset Market Snapshot

Median Sale Price
$557,000
+14.4% YoY
Active Listings
74
+2.8% YoY
Days on Market
39 days
N/A YoY
Months of Supply
N/A
N/A YoY

Pricing Trends

Median Sale Price $557,000
Price Change (YoY) +14.4%
Median List Price $510,000
Sold Above List 53%
Price Reductions N/A

Market Conditions

~ Neutral Market

Somerset has balanced supply and demand. Both buyers and sellers have reasonable positions.

See What Your Somerset Home Could Sell For

Get accurate local market data to price your home competitively.

Somerset, NJ Real Estate — FAQs

Home prices in Somerset NJ?

The median sale price in Somerset, NJ is $557,000. Home values are up 14.4% compared to last year.

Somerset NJ houses for sale?

There are currently 74 active listings in the Somerset, NJ area. Inventory is moderate — well-priced homes sell within weeks. Contact Steven Frato for new listing alerts.

Is Somerset NJ a seller's or buyer's market?

Somerset is currently a balanced market. supply and demand are relatively balanced.

How fast do homes sell in Somerset NJ?

Homes in Somerset are selling in a median of 39 days — slower than last year. 53% of homes sell at or above asking price.

Good place to buy a home in Somerset NJ?

Somerset is part of Middlesex County, NJ — known for its schools, suburban lifestyle, and commute access to Philadelphia and New York. The current market is a balanced market. Median price: $557,000. For a free consultation, contact Steven Frato.