Somerset County, NJ Home Values & Market Trends
The median home price in Somerset County, NJ is $664,015. There were 3,826 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 $593,817. The number of current listings in Somerset County, NJ is 3,315, and the percentage of properties for sale is 3315.00%. The county has 703 foreclosures, 14 bank owned properties, 32 headed for auction, and 3,315 properties for sale.
Somerset County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Somerset | $ 556,514 $ 333/sqft | Somerville | $ 573,665 $ 382/sqft |
| Bridgewater | $ 719,900 $ 375/sqft | Bernardsville | $ 1,275,000 $ 443/sqft |
| Hillsborough | $ 749,999 $ 344/sqft | Raritan | $ 566,171 $ 330/sqft |
| Basking Ridge | $ 896,062 $ 430/sqft | Far Hills | $ 1,403,535 $ 418/sqft |
| Warren | $ 1,257,025 $ 421/sqft | Martinsville | $ 900,124 $ 371/sqft |
| Bedminster | $ 511,766 $ 431/sqft | South Bound Brook | $ 456,459 $ 417/sqft |
| Skillman | $ 1,042,143 $ 396/sqft | Neshanic Station | $ 771,023 $ 323/sqft |
| Belle Mead | $ 974,720 $ 371/sqft | Kingston | $ 664,456 $ 471/sqft |
| Manville | $ 496,385 $ 363/sqft | Rocky Hill | $ 770,663 $ 358/sqft |
| Franklin Park | $ 401,000 $ 303/sqft | Gladstone | $ 902,049 $ 410/sqft |
| Bound Brook | $ 510,984 $ 330/sqft | Flagtown | $ 486,679 $ 514/sqft |
| Watchung | $ 1,200,000 $ 391/sqft |
Housing Market Summary for Somerset County, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $645K | $658.5K | 2.09% |
| Median Sold Price | $639.5K | $593.3K | -7.23% |
| Homes For Sale | 1,838 | 3,195 | 73.83% |
| Homes Sold | 2,004 | 1,074 | -46.41% |
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 $72,932 to $9,999,000. Far Hills is the priciest city with a median listing home price of $1,447,500, and Franklin Park is most affordable with average house prices of around $369,900.
- Pre-ForeclosurePre-foreclosure homes account for 11.39% of all residential properties in Somerset County, NJ with Somerset containing 146 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 23 cities within Somerset County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,482,171 in Rocky Hill to the lowest home value of $141,316 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 $488,464 in Martinsville to the lowest value of $173,739 in Warren. Bank owned homes and properties account for 0.24% of properties in Somerset County, NJ. There are 23 cities within Somerset County, NJ; Bridgewater containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsManville has 6 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 0.55% of all properties in Somerset County, NJ. There are 23 cities within Somerset County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $563,842 in Belle Mead to the lowest value of $260,581 in Belle Mead.
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More Real Estate Resources for Somerset County, NJ
Guide for Somerset County, NJ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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