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SOMERSET, NJ 08873

Real Estate Market Report
Seller's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The SOMERSET, NJ real estate market (08873) 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.

Whether you are buying or selling in SOMERSET, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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%

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

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 147 this year vs 159 last year
  • Days on market: 31 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $592,750 (+9.3% YoY)
  • Average: $687,995 (+6.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 600 listings ($383,247,755 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08873Somerset, NJ 088730.0 mi98$58,968,364$533,725$601,718
08835Manville, NJ 088354.2 mi22$10,445,688$473,250$474,804
08902North Brunswick, NJ 089024.6 mi63$36,569,862$467,450$580,474
08854Piscataway, NJ 088544.9 mi84$50,988,672$572,500$607,008
08846Middlesex, NJ 088465.5 mi28$14,952,588$556,000$534,021
08824Kendall Park, NJ 088245.5 mi27$19,597,896$699,900$725,848
08836Martinsville, NJ 088366.9 mi6$4,319,400$719,900$719,900
08844Hillsborough, NJ 088447.4 mi74$46,993,774$556,725$635,051
08502Belle Mead, NJ 085027.4 mi15$19,601,580$1,464,975$1,306,772
08852Monmouth Junction, NJ 088527.5 mi46$33,564,084$586,750$729,654
08816East Brunswick, NJ 088167.8 mi95$60,984,870$628,475$641,946
07080South Plainfield, NJ 070808.1 mi41$25,505,977$583,000$622,097
08553Rocky Hill, NJ 085538.9 mi1$755,000$755,000$755,000

Frequently Asked Questions

How many homes are for sale in SOMERSET, NJ 08873?

As of July 2026, there are 147 active listings in SOMERSET, NJ (zip code 08873), compared to 159 the prior year.

What is the median home price in SOMERSET, NJ 08873?

The median listing price in SOMERSET, NJ 08873 is $592,750 as of July 2026, a 9.3% increase from $542,200 the prior year.

How long do homes stay on the market in SOMERSET, NJ?

Homes in SOMERSET, NJ 08873 spend an average of 31 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in SOMERSET, NJ 08873?

Based on current inventory and days-on-market data as of July 2026, SOMERSET, NJ 08873 is currently a Seller's Market. 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.

How much can I save on real estate commission in SOMERSET, NJ?

With SELL123.com's maximum 3% commission, sellers in SOMERSET, NJ 08873 save an estimated $11,855 compared to a typical 5% commission on the median listing price of $592,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.