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Featured local agent — Somers Point, NJ
Sarah Mitchell
Compass Real Estate · Somers Point, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somers Point, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$445,000median sale price
How is the Somers Point, NJ housing market right now?
The median home sale price in Somers Point, NJ is $445,000, down 19.1% year-over-year. Homes sell in an average of 61 days with 63 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Somers Point a buyer's or seller's market?
Somers Point, NJ is currently a balanced market, based on 3.9 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
61
Average pace
Active listings
63
3.9 months supply
Sale-to-list
97.6%
Below asking
What does the Somers Point housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $445,000 |
| Median list price | $535,000 |
| Year-over-year price change | -19.1% |
| Average days on market | 61 days |
| Active inventory | 63 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 97.6% |
| Median price per sq ft | $326/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 19 |
| Listings with a price cut | 38.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Somers Point by property type?
How the Somers Point, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $440,000 | $326/sq ft | 11 | 63 days |
| Condo / Co-op | $665,000 | $646/sq ft | 3 | 45 days |
| Townhouse | $595,000 | $290/sq ft | 1 | 226 days |
Source: Redfin · Updated monthly
The Somers Point housing market is currently classified as a balanced market with a median sale price of $445,000. Prices have fallen 19.1% compared to last year, with homes spending an average of 61 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.4x provides context for how home values compare to local earning capacity.
Homes for sale in Somers Point
There are currently 63 homes listed for sale in Somers Point, New Jersey. The median listing price is $535K.
Active listings
63
Homes on market
Median list price
$535K
Avg. days on market
61
Days until sale
New this week
19
Newly listed
Who lives in Somers Point?
Population
10,461
Median income
$68,542/yr
Median age
43.5 years
Owner-occupied
51.1%
College grads
30.5%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Somers Point?
Zillow home value
$438,234
Zillow rent index
$2,391/mo
Price-to-rent ratio
15.3x
Price-to-income
6.4x
Source: Zillow Research
What is it like to live in Somers Point?
Somers Point is a community of approximately 10K residents with a median age of 43.5 years.The median household income is $68,542, which represents a working-class community with solid middle-income opportunities. 30.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 51.1%, showing a blend of owner and renter-occupied properties. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Somers Point offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Somers Point?
4 schools tracked · 1,081 students
The largest public schools serving Somers Point, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Jordan Road Elementary School
Grades 4-8 · 384 students
Dawes Avenue Elementary School
Grades PK-3 · 366 students
Chartertech High School for the Performing Arts
Grades 9-12 · 327 students
New York Avenue Elementary School
Grades PK · 4 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Somers Point, NJ?
Want a head-to-head view? Compare Somers Point side-by-side with any other U.S. city using our market-comparison tool.
Is Somers Point a good real estate investment market?
For investors evaluating Somers Point, the price-to-rent ratio of 15.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 19.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Somers Point's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Somers Point's median home price.
Frequently asked questions
What is the average home price in Somers Point?
The median home sale price in Somers Point is $445,000, down 19.1% from last year.
How long do homes stay on market in Somers Point?
Homes typically spend 61 days on market before going under contract.
What is the median income in Somers Point?
The median household income is $68,542 per year.
Is Somers Point a buyer's or seller's market?
With 3.9 months of supply, Somers Point is currently a balanced market.
What is the Zillow home value estimate for Somers Point?
The Zillow Home Value Index (ZHVI) for Somers Point is $438,234, representing the typical home value in the area.
What is the median condo price in Somers Point?
The median condo/co-op sale price in Somers Point, NJ is $665,000, compared to $440,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Somers Point?
The median single-family home price in Somers Point, NJ is $440,000 (about $326 per square foot).
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