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City / Town Overview

Somerset, NJ

Aggregate real estate market report across all ZIPs in scope
Seller's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The Somerset, NJ real estate market currently shows 147 active listings, with 55 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 40 days last year.

The median listing price has risen 9.3% year-over-year, from $542,200 to $592,750.

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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
147
⇩ 7.5% vs 159 last year
Pending
55
37% pending ratio
Median Price
$592,750
⇧ 9.3% vs $542,200 last year
Average Price
$687,995
⇧ 6.1% vs $648,218 last year
Days on Market
31
⇩ 22.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$320
⇧ 6.7% vs $300/sqft last year
Median Home Size
1,741 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 %