Somerset, NJ Housing Market 2026: Median Home Price, Last 12 Months

Somerset closes a lot of homes into a narrow band, which makes its median unusually informative: sales over the last 12 months land close together, so the citywide number is a real anchor rather than an average of extremes.

The snapshot

• •Closings tracked, last 12 months: 254
• •Median sold price, last 12 months: $480,000
• •Median sold $/sqft, last 12 months: $333
• •Middle half of sales closed between: $420,000 and $630,000

What the numbers say

Resideline tracked 254 closed sales in Somerset over the last 12 months, with a median closing price of $480,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $420,000 and $630,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 240 closings with usable living area, the middle half sold between $297 and $362 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in Somerset, NJ (August 2026)

The median home price in Somerset is $480,000, measured across the 254 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $420,000 and $630,000.

Where Somerset sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Somerset over the last 12 months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $420,000 and $630,000. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 18 days, across 181 Somerset closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 39 days, across 177 Somerset closings Resideline tracked in the last 12 months

The Somerset angle

Compression is the defining feature of this data. The $420,000 to $630,000 band is tighter than most markets we track, so $480,000 carries more information about a single address than a citywide figure usually does, and small comp mismatches translate into small dollar errors. The sample, 254 closings, is solid, which means you can still filter on property type and size before checking condition. Narrowness rewards that work rather than replacing it. The upper half of the band is the wider half, so the top of the range holds what spread there is. For a subject near $630,000, draw comps from that upper stretch of the band specifically. For anything near $480,000, the citywide figure is a reasonable place to begin before property level adjustments.

From market read to offer price

A tight market makes the next step easier: the citywide anchor sits close to most homes, and a report only has to explain the gap. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 11,465+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Somerset address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Somerset, NJ
Data updated: August 2026
Analysis period: last 12 months
Tracked closings: 254
Median sold price: $480,000
Median sold $/sqft: $333 (240 qualifying)
https://resideline.com/blog/somerset-nj-housing-market

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Somerset over the last 12 months, and is refreshed when the data is. The closings we track inside the city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 15% of the 254 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $494,000.