Somerset County, NJ Home Values & Market Trends
The median home price in Somerset County, NJ is $669,848.29. There were 3,798 home sales in Somerset County, NJ over the past 12 months. The median residential Somerset County, NJ home value for transactions over the previous year is $615,522.081. The number of current listings in Somerset County, NJ is 2,973, and the percentage of properties for sale is 81.39%. The county has 680 foreclosures, 13 bank owned properties, 19 headed for auction, and 2,973 properties for sale.
Somerset County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 560,000 $ 330/sqft | Manville | $ 467,379 $ 354/sqft |
| Bridgewater | $ 697,429 $ 365/sqft | Franklin Park | $ 406,134 $ 306/sqft |
| Hillsborough | $ 767,582 $ 344/sqft | Bound Brook | $ 513,573 $ 333/sqft |
| Basking Ridge | $ 928,913 $ 429/sqft | Watchung | $ 1,200,000 $ 375/sqft |
| Warren | $ 1,250,000 $ 408/sqft | Bernardsville | $ 1,168,389 $ 436/sqft |
| North Plainfield | $ 502,796 $ 341/sqft | Somerville | $ 572,557 $ 359/sqft |
| Bedminster | $ 488,350 $ 434/sqft | Green Brook | $ 624,999 $ 351/sqft |
| Belle Mead | $ 976,319 $ 355/sqft | Martinsville | $ 875,000 $ 352/sqft |
| Branchburg | $ 702,737 $ 332/sqft | Raritan | $ 525,117 $ 332/sqft |
| Skillman | $ 1,033,877 $ 378/sqft | South Bound Brook | $ 439,878 $ 401/sqft |
Housing Market Summary for Somerset County, NJ
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $559.5K | $591K | 5.63% |
| Median Sold Price | $589K | $591K | 0.34% |
| Homes For Sale | 969 | 3,096 | 219.50% |
| Homes Sold | 1,902 | 1,246 | -34.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Somerset County, NJ
Browse Homes in Somerset County, NJ
Somerset County, NJ home values range from $56,150 to $9,999,000. Peapack is the priciest city with a median listing home price of $4,125,000, and Montgomery is most affordable with average house prices of around $$[sub-market-agg-lowest-median-list-price].
- Pre-ForeclosurePre-foreclosure homes account for 0.62% of all residential properties in Somerset County, NJ with Somerset containing 141 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 26 cities within Somerset County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $2,472,502 in Basking Ridge to the lowest home value of $143,259 in Basking Ridge.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerset County, NJ ranges from the highest value of $1,691,079 in Martinsville to the lowest value of $173,572 in Warren. Bank owned homes and properties account for 0.01% of properties in Somerset County, NJ. There are 26 cities within Somerset County, NJ; Bridgewater containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSomerset has 3 auction properties, the highest number of properties going to auction in a single city in the state of Somerset County, NJ. Auction homes and other auction properties account for 0.02% of all properties in Somerset County, NJ. There are 26 cities within Somerset County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $1,272,759 in Green Brook to the lowest value of $226,713 in Green Brook.