Somerville, NJ
Housing market overview · Updated weekly
$557,500median sale price
Homes sold
4
Last 12 weeks
Days on market
80
Average pace
Active listings
13
3.3 months supply
Sale-to-list
97.7%
Below asking
The Somerville housing market is currently classified as a balanced market with a median sale price of $557,500. Prices have risen 17.4% compared to last year, with homes spending an average of 80 days on market, indicating 3.3 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 Somerville
There are currently 13 homes listed for sale in Somerville, New Jersey. The median listing price is $600K.
Active listings
13
Homes on market
Median list price
$600K
Avg. days on market
80
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Somerville?
The median home sale price in Somerville is $557,500, up 17.4% from last year.
How long do homes stay on market in Somerville?
Homes typically spend 80 days on market before going under contract.
Is Somerville a buyer's or seller's market?
With 3.3 months of supply, Somerville is currently a balanced market.
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