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SOMERSET, NJ 08873

Real Estate Market Report  ·  Somerset County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
107
⇧ 33.8% vs 80 last year
Pending
53
50% pending ratio
Median Price
$564,450
⇧ 16.2% vs $485,925 last year
Average Price
$605,002
⇩ 2.4% vs $620,014 last year
Days on Market
61
⇧ 29.8% vs 47 days last year

Market Context

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

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

Market Analysis

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

The SOMERSET, NJ real estate market (08873) currently shows 107 active listings, with 53 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 47 days last year.

The median listing price has risen 16.2% year-over-year, from $485,925 to $564,450.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 107 this year vs 80 last year
  • Days on market: 61 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $564,450 (+16.2% YoY)
  • Average: $605,002 (-2.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 614 listings ($381,888,451 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08873Somerset, NJ 088730.0 mi107$64,735,214$564,450$605,002
08835Manville, NJ 088354.2 mi27$11,891,664$449,900$440,432
08902North Brunswick, NJ 089024.6 mi66$36,285,942$464,900$549,787
08854Piscataway, NJ 088544.9 mi87$49,884,756$544,450$573,388
08846Middlesex, NJ 088465.5 mi26$13,351,806$549,450$513,531
08824Kendall Park, NJ 088245.5 mi21$13,781,145$636,000$656,245
08836Martinsville, NJ 088366.9 mi5$4,728,000$679,000$945,600
08844Hillsborough, NJ 088447.4 mi68$39,342,488$440,000$578,566
08502Belle Mead, NJ 085027.4 mi12$12,772,680$950,000$1,064,390
08852Monmouth Junction, NJ 088527.5 mi44$37,123,240$619,000$843,710
08816East Brunswick, NJ 088167.8 mi99$64,338,813$612,000$649,887
07080South Plainfield, NJ 070808.1 mi51$32,897,703$599,900$645,053
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 January 2026, there are 107 active listings in SOMERSET, NJ (zip code 08873), compared to 80 the prior year.

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

The median listing price in SOMERSET, NJ 08873 is $564,450 as of January 2026, a 16.2% increase from $485,925 the prior year.

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

Homes in SOMERSET, NJ 08873 spend an average of 61 days on the market before going under contract, compared to 47 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 January 2026, SOMERSET, NJ 08873 is currently a Buyer's Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 47 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 $11,289 compared to a typical 5% commission on the median listing price of $564,450. 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.