Balanced Market
Somerville Market Snapshot
Median Sale Price
$587,500
+3.5% YoY
Active Listings
29
+3.6% YoY
Days on Market
41 days
-1450.0% YoY
Months of Supply
N/A
N/A YoY
Pricing Trends
Median Sale Price $587,500
Price Change (YoY) +3.5%
Median List Price $599,950
Sold Above List 55%
Price Reductions N/A
Market Conditions
~ Neutral Market
Somerville has balanced supply and demand. Both buyers and sellers have reasonable positions.
See What Your Somerville Home Could Sell For
Get accurate local market data to price your home competitively.
Nearby Areas in Middlesex County
Somerville, NJ Real Estate — FAQs
What is the median home price in Somerville, NJ?
The median sale price in Somerville, NJ is $587,500 as of March 2026. This is up 3.5% compared to the same period last year.
Is Somerville, NJ a seller's or buyer's market?
Somerville is currently a balanced market. supply and demand are relatively balanced.
How long do homes take to sell in Somerville, NJ?
Homes in Somerville are currently selling in a median of 41 days on market (slower than last year).
What percentage of homes in Somerville sell above asking price?
55% of homes in Somerville recently sold at or above their asking price, indicating strong buyer competition.