Balanced Market
What's Your Somerset Home Worth?
$496,000 median | Balanced Market | 34 days average
Market Snapshot
Median Sale Price
$496,000
-2.4% YoY
Active Listings
70
+42.9% YoY
Days on Market
34 days
+700.0% YoY
Sold Above List
41%
Additional Metrics
- Median List Price $540,000 +7.0%
- Homes Sold (Monthly) 130 -1.5%
- Sold Above List 41%
- Sale-to-List Ratio 91.9%
- Inventory Change +42.9%
Is Now a Good Time to Sell?
Balanced Market
The 08873 market is balanced, giving neither buyers nor sellers a distinct advantage. Strategic pricing and timing remain important.
Opportunity: Balanced markets reward well-prepared sellers with accurate pricing data.
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