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Balanced Market

Somerville Updated monthly

Somerville Market Snapshot

Median Sale Price
$587,500
+3.5% YoY
Active Listings
29
+3.6% YoY
Days on Market
41 days
N/A 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.

Somerville, NJ Real Estate — FAQs

Home prices in Somerville NJ?

The median sale price in Somerville, NJ is $587,500. Home values are up 3.5% compared to last year.

Somerville NJ houses for sale?

There are currently 29 active listings in the Somerville, NJ area. Inventory is moderate — well-priced homes sell within weeks. Contact Steven Frato for new listing alerts.

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

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

How fast do homes sell in Somerville NJ?

Homes in Somerville are selling in a median of 41 days — slower than last year. 55% of homes sell at or above asking price.

Good place to buy a home in Somerville NJ?

Somerville 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: $587,500. For a free consultation, contact Steven Frato.