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: 260
• •Median sold price, last 12 months: $480,000
• •Median sold $/sqft, last 12 months: $333
• •Middle half of sales closed between: $415,000 and $625,000

What the numbers say

Resideline tracked 260 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 $415,000 and $625,000. 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 236 closings with usable living area, the middle half sold between $301 and $362 per square foot.

Figures last updated October 3, 2026 from closings Resideline tracked.

Median home price in Somerset, NJ (October 2026)

The median home price in Somerset is $480,000, measured across the 260 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $415,000 and $625,000.

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 that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $415,000 and $625,000. Among the 54 New Jersey markets with a published band, Somerset's middle-half spread ($415,000 to $625,000) ranks 10th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 24th percentile of the 2,230 US markets in Resideline's national Market Watch set, on data as of October 3, 2026.

How long a sale takes here

• •Listed to under contract: a median of 18 days, across 178 Somerset closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 38 days, across 172 Somerset closings Resideline tracked in the last 12 months

Somerset prices by property type

Among the Somerset closings with usable living area over the last 12 months, single-family houses closed at a median of $331 per square foot (178 sales) and townhouses at $341 (35 sales).

The Somerset angle

Compression is the defining feature of this data. The $415,000 to $625,000 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, 260 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 $625,000, 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, rehab cost estimator, BRRRR 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. 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
Geography: Census-designated place, not an incorporated municipality, Census place 3468370
Data updated: October 2026
Analysis period: last 12 months
Tracked closings: 260
Median sold price: $480,000
Median sold $/sqft: $333 (236 qualifying)
https://resideline.com/blog/somerset-nj-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/somerset-nj-housing-market">
  <img src="https://resideline.com/images/embed/somerset-nj.png" alt="Somerset, NJ home sale price distribution, last 12 months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/somerset-nj-housing-market">Resideline Market Watch</a></p>

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 across the Somerset Census-designated area 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 16% of the 260 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $486,000.