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City / Town Overview

Somerset, NJ

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

Market Analysis

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

The Somerset, NJ real estate market currently shows 118 active listings, with 61 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has tightened compared to last year, with 26 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 24 days on market compared to 20 days last year.

The median listing price has risen 13.1% year-over-year, from $517,225 to $585,000.

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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
118
⇩ 18.1% vs 144 last year
Pending
61
52% pending ratio
Median Price
$585,000
⇧ 13.1% vs $517,225 last year
Average Price
$689,642
⇧ 17.7% vs $585,798 last year
Days on Market
24
⇧ 20% vs 20 days last year

Price Per Square Foot

Median $/sqft
$323
⇧ 5.2% vs $307/sqft last year
Median Home Size
1,819 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 %