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City / Town Overview

Somerset, NJ

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Somerset, NJ real estate market currently shows 116 active listings, with 61 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 28 days on market compared to 29 days last year.

The median listing price has risen 20.7% year-over-year, from $485,000 to $585,500.

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Market Context

Market Context

Population: 55,342  ·  Density: 665.0/mi²  ·  Median household income: $110,396

Typical home value: $410,772  ·  Homeownership: 67.9%

Included Areas

Somerset: 08873, 08875

Area Map

Market Overview

Active Listings
116
vs 116 last year
Pending
61
53% pending ratio
Median Price
$585,500
⇧ 20.7% vs $485,000 last year
Average Price
$686,424
⇧ 20.5% vs $569,676 last year
Days on Market
28
⇩ 3.4% vs 29 days last year

Price Per Square Foot

Median $/sqft
$316
⇧ 2.3% vs $309/sqft last year
Median Home Size
1,735 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %