Somerset, NJ
Housing market overview · Updated weekly
$577,500median sale price
Homes sold
12
Last 12 weeks
Days on market
57
Average pace
Active listings
31
2.6 months supply
Sale-to-list
99.6%
Below asking
The Somerset housing market is currently classified as a balanced market with a median sale price of $577,500. Prices have risen 28.3% compared to last year, with homes spending an average of 57 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Somerset
There are currently 31 homes listed for sale in Somerset, New Jersey. The median listing price is $485K.
Active listings
31
Homes on market
Median list price
$485K
Avg. days on market
57
Days until sale
New this week
24
Newly listed
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Frequently asked questions
What is the average home price in Somerset?
The median home sale price in Somerset is $577,500, up 28.3% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 57 days on market before going under contract.
Is Somerset a buyer's or seller's market?
With 2.6 months of supply, Somerset is currently a balanced market.
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