NJ Market Dashboard
Somerset County
Last updated: July 2026
Median Sale Price
$723K
Days on Market
21 days
Active Listings
1,131
Sale vs. Ask Price
102.86%
Median Sale Price Trend
12-month rolling median — Somerset County
Days on Market
Green = below average (faster sales)
Inventory Levels
Active vs. new listings — monthly
Price Per Sqft by City
Ranked highest to lowest — Jul 2026
Sale vs. Ask Price
Above 100% = homes sold for more than asking price
Market Health Score
Composite of price momentum, inventory tightness, and demand strength
Zillow 12-Month Forecast
Projected home value change · Zillow Research
+1.3%
Modest growth expected. The market is stabilizing — a reasonable window for both buyers and sellers.
Price Per Sqft by City
Ranked by price per square foot. County average: $373/sqft. Click column headers to re-sort.
| City↕ | Price / Sqft↓ | vs. County Avg |
|---|---|---|
| Bedminster | $492 | +31.9% |
| Bound Brook | $396 | +6.2% |
| Far Hills | $389 | +4.3% |
| Bridgewater | $366 | -1.9% |
| Somerville | $361 | -3.2% |
| Bernardsville | $327 | -12.3% |
| Hillsborough | $314 | -15.8% |
| Franklin | $270 | -27.6% |
What This Means For You
Data-driven takeaways for buyers, sellers, and investors in Somerset County right now.
For Buyers
Competitive- →This is a competitive seller's market. Come prepared with pre-approval in hand and be ready to move quickly on well-priced homes.
- →Homes still sell above asking at 102.86% — so expect competition on move-in-ready, well-priced properties. Budget for at least asking price on desirable listings.
For Sellers
Strong Demand- →Median prices are up 6.9% year-over-year. The market is rewarding sellers who price with the trend, not against it.
- →Homes priced correctly are selling at 102.86% of list price — above asking. This only happens when you price strategically, not aspirationally.
- →Strong demand means a well-prepared home can generate multiple offers. Don't leave money on the table — prep properly and list at the right time.
- →Spring (March–May) typically brings peak buyer traffic in this county. List prepared, not rushed.
For Investors
Monitor- →With prices up 6.9% year-over-year, Somerset County continues to build equity for existing owners. Entry-level and value-add properties offer the best basis.
- →Affordability is a constraint at the premium price point — focus on small multifamily or lower-priced municipalities within the county for better cap rate potential.
- →DOM of 21 days means motivated sellers are out there. Off-market outreach and patient deal sourcing can yield below-market acquisitions.
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