08873 Home Values & Market Trends
There are 480 homes currently listed for 08873. 08873 real estate market trends show that home prices range from $264,500 to $1,675,000, and the median sales price in the 08873 zip code is $592,317.42. The total number of properties sold within the past twelve months is 559. In 08873, 146 properties are in foreclosure, 2 are bank owned properties,and 3 are headed for auction.
08873 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 560,000 $ 330/sqft |
Housing Market Summary for 08873
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $495K | $595.2K | 20.25% |
| Median Sold Price | $541.9K | $595.2K | 9.85% |
| Homes For Sale | 180 | 492 | 173.33% |
| Homes Sold | 278 | 181 | -34.89% |
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 $592,317.42. A total of 480 properties are for sale, and the percentage of properties for sale in the zip code is 76.68%. The total count of 08873 properties is 15,526.
- Pre-ForeclosurePre-foreclosure homes account for 0.91% of all residential properties in 08873 with Somerset containing 141 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 $1,289,187 in Somerset to the lowest home value of $237,880 in Somerset.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08873 ranges from the highest value of $480,000 in Somerset to the lowest value of $480,000 in Somerset. Bank owned homes and properties account for 0.01% of properties in 08873. There is 1 cities within 08873; Somerset containing 2 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 08873. Auction homes and other auction properties account for 0.02% 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 $621,201 in Somerset to the lowest value of $505,912 in Somerset.