The median sale price of a home in Somerset County was $565K last month, up 4.6% since last year. The median sale price per square foot in Somerset County is $348, up 14.9% since last year.
What is the housing market like in Somerset County today?
In April 2024, Somerset County home prices were up 4.6% compared to last year, selling for a median price of $565K. On average, homes in Somerset County sell after 18 days on the market compared to 17 days last year. There were 263 homes sold in April this year, up from 223 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$565,000
+4.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Somerset County, NJ
$565,000
+4.6%
United States
To compare other locations to the Somerset County and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Jersey add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Somerset County housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
105.0%
+1.9 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Somerset County, NJ
105.0%
+1.9 pt
United States
Home offer insights for Somerset County
Explore recent offers and recently sold homes in Somerset County
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$500K Offer
Sold for $550K
3bd | 2.5ba | ~1,750sqft
Over List Price
9%
Days on Market
29
Competing Offers
>25
Down Payment
~20%
Rhonda Golub
Somerset County Redfin Agent
56 Offers, 27 over 500K. Decided to go with cash offer
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Somerset County housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Somerset County.
Risk Factor
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Somerset County has a major risk of flooding. 12,746 properties in Somerset County are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Somerset County. Flood risk is increasing slower than the national average.
71% of properties are at risk of wildfire over the next 30 years
Fire Factor
Somerset County has a moderate risk of wildfire. There are 94,112 properties in Somerset County that have some risk of being affected by wildfire over the next 30 years. This represents 71% of all properties in Somerset County.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Somerset County has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Somerset County is most at risk from hurricanes. 131,602 properties in Somerset County have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 90 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 97 mph.
57% of properties are at major
risk of heat over the next 30 years
Heat Factor
Somerset County has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 57% of homes in Somerset County have a Major Heat Factor®.
Somerset County is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Somerset County is expected to experience 7