Balanced Market
Somerset Market Snapshot
Median Sale Price
$557,000
+14.4% YoY
Active Listings
74
+2.8% YoY
Days on Market
39 days
-1250.0% 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.
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Somerset, NJ Real Estate — FAQs
What is the median home price in Somerset, NJ?
The median sale price in Somerset, NJ is $557,000 as of March 2026. This is up 14.4% compared to the same period last year.
Is Somerset, NJ a seller's or buyer's market?
Somerset is currently a balanced market. supply and demand are relatively balanced.
How long do homes take to sell in Somerset, NJ?
Homes in Somerset are currently selling in a median of 39 days on market (slower than last year).
What percentage of homes in Somerset sell above asking price?
53% of homes in Somerset recently sold at or above their asking price, indicating strong buyer competition.