Somerset County, NJ Home Values & Market Trends
The median home price in Somerset County, NJ is $639,464.23. There were 3,814 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 $609,670.938. The number of current listings in Somerset County, NJ is 1,684, and the percentage of properties for sale is 72.77%. The county has 630 foreclosures, 9 bank owned properties, 10 headed for auction, and 1,684 properties for sale.
Somerset County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 540,000 $ 323/sqft | Belle Mead | $ 837,900 $ 324/sqft |
| Hillsborough | $ 638,600 $ 328/sqft | Branchburg | $ 619,250 $ 321/sqft |
| Bridgewater | $ 629,850 $ 360/sqft | Bernardsville | $ 1,155,000 $ 394/sqft |
| Basking Ridge | $ 797,000 $ 403/sqft | Bound Brook | $ 539,700 $ 335/sqft |
| North Plainfield | $ 468,500 $ 318/sqft | Somerville | $ 510,000 $ 341/sqft |
| Warren | $ 976,850 $ 385/sqft | Watchung | $ 894,800 $ 325/sqft |
| Skillman | $ 999,600 $ 351/sqft | Raritan | $ 492,100 $ 332/sqft |
| Franklin Park | $ 374,900 $ 310/sqft | Martinsville | $ 847,000 $ 360/sqft |
| Manville | $ 435,300 $ 322/sqft | South Bound Brook | $ 439,600 $ 326/sqft |
| Bedminster | $ 455,850 $ 418/sqft | Gladstone | $ 929,100 $ 447/sqft |
Housing Market Summary for Somerset County, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $528.3K | $577.3K | 9.26% |
| Median Sold Price | $576.7K | $577.3K | 0.10% |
| Homes For Sale | 447 | 1,607 | 259.51% |
| Homes Sold | 2,224 | 1,726 | -22.39% |
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 $248,000 to $1,854,000. Peapack is the priciest city with a median listing home price of $4,100,000, and Franklin Park is most affordable with average house prices of around $369,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.58% of all residential properties in Somerset County, NJ with Somerset containing 137 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 24 cities within Somerset County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,854,000 in Watchung to the lowest home value of $248,500 in Franklin Park.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerset County, NJ ranges from the highest value of $964,100 in Skillman to the lowest value of $384,400 in South Bound Brook. Bank owned homes and properties account for 0.01% of properties in Somerset County, NJ. There are 24 cities within Somerset County, NJ; Bridgewater containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSomerset has 2 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 0.01% of all properties in Somerset County, NJ. There are 24 cities within Somerset County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $802,000 in Raritan to the lowest value of $454,100 in Raritan.