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SOMERSET, NJ 08873

Real Estate Market Report  ·  Somerset County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SOMERSET, NJ real estate market (08873) 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.

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
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

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 118 this year vs 144 last year
  • Days on market: 24 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $585,000 (+13.1% YoY)
  • Average: $689,642 (+17.7% 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 April 2026, there are 118 active listings in SOMERSET, NJ (zip code 08873), compared to 144 the prior year.

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

The median listing price in SOMERSET, NJ 08873 is $585,000 as of April 2026, a 13.1% increase from $517,225 the prior year.

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

Homes in SOMERSET, NJ 08873 spend an average of 24 days on the market before going under contract, compared to 20 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 April 2026, SOMERSET, NJ 08873 is currently a Balanced Market. 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.

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 $11,700 compared to a typical 5% commission on the median listing price of $585,000. 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.