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Somerset, NJ 08873 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Somerset, NJ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.29
ActiveActive listings: 3131PendingPending sales: 99
Somerset, NJ: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $580k$580kSoldMedian sold price (last 6 months): $515k$515k
What homes actually sell for in Somerset, NJ
Distribution of 309 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $432k to $670k
$288k to $371k: 34 sales$288k$371k to $454k: 43 sales$454k to $537k: 82 sales82sales$454k$537k to $620k: 37 sales$620k to $703k: 37 sales$620k$703k to $786k: 22 sales$786k to $869k: 15 sales$786k$869k to $952k: 8 salesMedian $515k

What the numbers say

As of October 26, 2026, Resideline is tracking 31 active listings and 9 pending sales in ZIP code 08873. That pending-to-active ratio of 0.29 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $579,999, while the median of the 309 closed sales Resideline tracked over the last six months was $515,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 08873 for 73 days.

Frequently asked questions

What is the median home price in 08873?

The median closed sale price in Somerset, NJ 08873 was $515,000 over the last six months, based on 309 closed sales tracked by Resideline. The middle half of those sales ranged from $431,511 to $670,000.

Is 08873 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 31 active listings in 08873, a pending-to-active ratio of 0.29. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 08873 is currently a faster-moving market.

Nearby ZIP code market data

Full Somerset, NJ housing market report →

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