08873 Home Values & Market Trends
There are 302 homes currently listed for 08873. 08873 real estate market trends show that home prices range from $269,000 to $1,675,000, and the median sales price in the 08873 zip code is $573,318.2. The total number of properties sold within the past twelve months is 568. In 08873, 140 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.
08873 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 540,000 $ 323/sqft |
Housing Market Summary for 08873
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $506K | $541.7K | 7.06% |
| Median Sold Price | $548.3K | $541.7K | -1.20% |
| Homes For Sale | 94 | 285 | 203.19% |
| Homes Sold | 341 | 271 | -20.53% |
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 08873
Browse Homes in 08873
The median list price of a home in Somerset, is $573,318.2. A total of 302 properties are for sale, and the percentage of properties for sale in the zip code is 68.33%. The total count of 08873 properties is 15,888.
- Pre-ForeclosurePre-foreclosure homes account for 0.86% of all residential properties in 08873 with Somerset containing 137 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08873; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,535,000 in Somerset to the lowest home value of $312,200 in Somerset.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08873 ranges from the highest value of $454,000 in Somerset to the lowest value of $454,000 in Somerset. Bank owned homes and properties account for 0.01% of properties in 08873. There is 1 cities within 08873; Somerset containing 1 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 08873. Auction homes and other auction properties account for 0.01% of all properties in 08873. There is 1 cities within 08873; of that cities, the median estimated home value for homes going to auction ranges from $599,000 in Somerset to the lowest value of $574,100 in Somerset.