Somerset County, NJ Home Values & Market Trends
The median home price in Somerset County, NJ is $681,003.19. There were 3,513 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 $628,952.667. The number of current listings in Somerset County, NJ is 2,864, and the percentage of properties for sale is 81.09%. The county has 668 foreclosures, 18 bank owned properties, 20 headed for auction, and 2,864 properties for sale.
Somerset County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 559,534 $ 328/sqft | Branchburg | $ 671,587 $ 332/sqft |
| Bridgewater | $ 707,439 $ 368/sqft | Franklin Park | $ 410,000 $ 308/sqft |
| Hillsborough | $ 755,070 $ 342/sqft | Franklin | $ 419,950 $ 275/sqft |
| Basking Ridge | $ 943,780 $ 427/sqft | Bound Brook | $ 515,404 $ 331/sqft |
| Warren | $ 1,202,086 $ 420/sqft | Watchung | $ 1,223,938 $ 377/sqft |
| North Plainfield | $ 501,417 $ 344/sqft | Bernardsville | $ 1,279,000 $ 436/sqft |
| Bedminster | $ 499,900 $ 439/sqft | Somerville | $ 592,258 $ 360/sqft |
| Manville | $ 460,870 $ 360/sqft | Green Brook | $ 629,500 $ 352/sqft |
| Skillman | $ 1,016,682 $ 381/sqft | Far Hills | $ 2,250,000 $ 427/sqft |
| Belle Mead | $ 1,029,495 $ 359/sqft | Martinsville | $ 875,000 $ 358/sqft |
Housing Market Summary for Somerset County, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $599K | $583.7K | -2.56% |
| Median Sold Price | $562.9K | $583.7K | 3.69% |
| Homes For Sale | 606 | 2,611 | 330.86% |
| Homes Sold | 1,991 | 1,282 | -35.61% |
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 $55,408 to $9,999,000. Peapack is the priciest city with a median listing home price of $4,300,000, and Montgomery is most affordable with average house prices of around $$[sub-market-agg-lowest-median-list-price].
- Pre-ForeclosurePre-foreclosure homes account for 0.60% of all residential properties in Somerset County, NJ with Somerset containing 142 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 28 cities within Somerset County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $3,481,937 in Far Hills to the lowest home value of $136,763 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 $1,857,467 in Martinsville to the lowest value of $173,572 in Warren. Bank owned homes and properties account for 0.02% of properties in Somerset County, NJ. There are 28 cities within Somerset County, NJ; Bridgewater containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsBridgewater has 4 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 28 cities within Somerset County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $1,416,957 in Bridgewater to the lowest value of $241,202 in Bridgewater.