Somerset, NJ Real Estate Market Summary – September 8, 2026
In Somerset, NJ, the overall real estate market has seen 43 homes sold in the last 30 days, averaging 1.43 homes sold per day. The average days on market was 15, with a median sale price of $520,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 43 |
| Sold Per Day | 1.43 |
| Average SQFT | 2293 |
| Median Sales Price | $520,000 |
| Average Sales Price | $599,239 |
| Average Price Per SQFT | $306 |
| Average Days on Market | 15 |
| Average Year Built | 1985 |
Somerset, NJ Single Family Home Analysis
The single-family home segment reported 38 homes sold, with an average living area of 2,756 square feet. The average sale price for these homes was $615,549, and they spent an average of 16 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 38 |
| Sold Per Day | 1.27 |
| Average SQFT | 2756 |
| Median Sales Price | $537,500 |
| Average Sales Price | $615,549 |
| Average Price Per SQFT | $299 |
| Average Days on Market | 16 |
| Average Year Built | 1986 |
Somerset, NJ Condo & Townhome Analysis
In the condo and townhome segment, 4 units were sold, averaging a living area of 1,366 square feet. The average sale price was $432,850, with homes typically spending around 13 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 4 |
| Sold Per Day | 1 every 7.50 days |
| Average SQFT | 1366 |
| Median Sales Price | $454,000 |
| Average Sales Price | $432,850 |
| Average Price Per SQFT | $321 |
| Average Days on Market | 13 |
| Average Year Built | 1997 |
Buyer & Seller Analysis
- 1.43 homes sold per day in the overall market.
- Single-family homes spent an average of 16 days on the market.
- The median sale price across all segments is $520,000.
- Data reflects sales activity from the last 30 days.
Conclusion
Overall, the Somerset real estate market shows a consistent pace of activity with a diverse range of homes sold. The data suggests stable interest across different property segments.