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SOMERVILLE, NJ 08876

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

Market Overview

Active Listings
31
⇩ 3.1% vs 32 last year
Pending
15
48% pending ratio
Median Price
$612,500
⇧ 1.2% vs $605,000 last year
Average Price
$602,086
⇩ 13.7% vs $697,868 last year
Days on Market
49
⇩ 2% vs 50 days last year

Market Context

Population: 22,531  ·  Density: 543.7/mi²  ·  Median household income: $117,153

Typical home value: $447,183  ·  Homeownership: 65.0%

Market Analysis

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

The SOMERVILLE, NJ real estate market (08876) currently shows 31 active listings, with 15 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49 days on market compared to 50 days last year.

The median listing price has risen 1.2% year-over-year, from $605,000 to $612,500.

Whether you are buying or selling in SOMERVILLE, 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: 31 this year vs 32 last year
  • Days on market: 49 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $612,500 (+1.2% YoY)
  • Average: $602,086 (-13.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.7 miles — 331 listings ($283,094,635 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08876Somerville, NJ 088760.0 mi31$18,664,666$612,500$602,086
08807Bridgewater, NJ 088073.6 mi46$33,025,562$595,000$717,947
07921Bedminster, NJ 079214.7 mi16$7,646,288$430,000$477,893
08835Manville, NJ 088356.2 mi27$11,891,664$449,900$440,432
08858Oldwick, NJ 088586.7 mi1$939,000$939,000$939,000
08887Three Bridges, NJ 088877.2 mi1$289,000$289,000$289,000
08805Bound Brook, NJ 088058.0 mi17$8,984,925$544,950$528,525
07977Peapack, NJ 079778.6 mi5$20,500,000$4,100,000$4,100,000
08880South Bound Brook, NJ 088808.8 mi5$2,413,750$469,000$482,750
07059Warren, NJ 070599.6 mi42$81,682,986$1,550,000$1,944,833
08502Belle Mead, NJ 085029.9 mi12$12,772,680$950,000$1,064,390
08873Somerset, NJ 0887310.3 mi107$64,735,214$564,450$605,002
08801Annandale, NJ 0880110.7 mi21$19,548,900$553,950$930,900

Frequently Asked Questions

How many homes are for sale in SOMERVILLE, NJ 08876?

As of January 2026, there are 31 active listings in SOMERVILLE, NJ (zip code 08876), compared to 32 the prior year.

What is the median home price in SOMERVILLE, NJ 08876?

The median listing price in SOMERVILLE, NJ 08876 is $612,500 as of January 2026, a 1.2% increase from $605,000 the prior year.

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

Homes in SOMERVILLE, NJ 08876 spend an average of 49 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in SOMERVILLE, NJ 08876?

Based on current inventory and days-on-market data as of January 2026, SOMERVILLE, NJ 08876 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 49 days on market compared to 50 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SOMERVILLE, NJ 08876 save an estimated $12,250 compared to a typical 5% commission on the median listing price of $612,500. 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.