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Featured local agent — Somerville, NJ
Sarah Mitchell
Compass Real Estate · Somerville, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somerville, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$560,000median sale price
How is the Somerville, NJ housing market right now?
The median home sale price in Somerville, NJ is $560,000, down 6.8% year-over-year. Homes sell in an average of 12 days with 15 active listings. The market is currently a strong seller's 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 Somerville a buyer's or seller's market?
Somerville, NJ is currently a strong seller's market, based on 3.8 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
12
Fast-moving
Active listings
15
3.8 months supply
Sale-to-list
104.2%
Above asking
What does the Somerville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $560,000 |
| Median list price | $588,500 |
| Year-over-year price change | -6.8% |
| Average days on market | 12 days |
| Active inventory | 15 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 104.2% |
| Median price per sq ft | $416/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 12 |
| Listings with a price cut | 26.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Somerville by property type?
How the Somerville, 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 | $570,000 | $431/sq ft | 3 | 9 days |
| Townhouse | $160,000 | $137/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Somerville housing market is currently classified as a strong seller's market with a median sale price of $560,000. Prices have fallen 6.8% compared to last year, with homes spending an average of 12 days on market, indicating 3.8 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 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Somerville
There are currently 15 homes listed for sale in Somerville, New Jersey. The median listing price is $589K.
Active listings
15
Homes on market
Median list price
$589K
Avg. days on market
12
Days until sale
New this week
12
Newly listed
Who lives in Somerville?
Population
12,958
Median income
$103,869/yr
Median age
35.5 years
Owner-occupied
44.5%
College grads
53.5%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Somerville?
Zillow home value
$556,167
Zillow rent index
$2,480/mo
Price-to-rent ratio
18.7x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Somerville?
Somerville is a community of approximately 13K residents with a median age of 35.5 years.The median household income is $103,869, which reflects a relatively affluent area with strong earning potential. 53.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 44.5%, showing a blend of owner and renter-occupied properties. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Somerville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Somerville?
3 schools tracked · 2,145 students
The largest public schools serving Somerville, 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.
Somerville High School
Grades 9-12 · 1,070 students
Van Derveer Elementary School
Grades PK-5 · 734 students
Somerville Middle School
Grades 6-8 · 341 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 Somerville, NJ?
Want a head-to-head view? Compare Somerville side-by-side with any other U.S. city using our market-comparison tool.
Is Somerville a good real estate investment market?
For investors evaluating Somerville, the price-to-rent ratio of 18.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.8% 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 Somerville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Somerville's median home price.
Frequently asked questions
What is the average home price in Somerville?
The median home sale price in Somerville is $560,000, down 6.8% from last year.
How long do homes stay on market in Somerville?
Homes typically spend 12 days on market before going under contract.
What is the median income in Somerville?
The median household income is $103,869 per year.
Is Somerville a buyer's or seller's market?
With 3.8 months of supply, Somerville is currently a strong seller's market.
What is the Zillow home value estimate for Somerville?
The Zillow Home Value Index (ZHVI) for Somerville is $556,167, representing the typical home value in the area.
How much does a single-family home cost in Somerville?
The median single-family home price in Somerville, NJ is $570,000 (about $431 per square foot).
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