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Somerset Real Estate Overview

Today, November 8, 2009

Market View for Somerset

Info
Avg. Listing Price $356,213 Wk ending Nov 04
-$18,391
-4.9%
w-o-w
Median Sales Price $299,450 Aug '09 - Oct '09
-$20,550
-6.4%
y-o-y
331Homes For Sale 10Open Homes
283Recently Sold 175Foreclosures

Market Trends for Somerset

Embed Info
Listing price – Somerset
Average Listing Price
$356,213
-4.9%
w-o-w
Median Sales Price
$299,450
-6.4%
y-o-y
Average price/sqft
$172
-10.4%
y-o-y
Number of Sales
116
-31.8%
y-o-y
More Somerset Market Trends
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Home Prices for Somerset County

Info
google map tile
Most popular
zip codes
Avg. listing price
Week ending Nov 4
 
w-o-w

08807
$501,267
+1.4%
07920
$836,988
-0.9%
08873
$354,136
+1.6%
08844
$567,907
+1.8%
07059
$1,046,595
-5.4%
 
Movers & Shakers
Avg. listing price
Week ending Nov 4
 
w-o-w

07059
$1,046,595
-5.4%
07977
$3,292,600
+5.1%
08869
$434,549
+4.2%
08836
$603,697
-4.1%
08823
$301,553
-3.0%
 
View Somerset County Home Prices Map
 

Somerset Summary

Average price per square foot for Somerset NJ was $172, a decrease of 10.4% compared to the same period last year. The median sales price for homes in Somerset NJ for Aug 09 to Oct 09 was $299,450 based on 116 home sales. Compared to the same period one year ago, the median home sales price decreased 6.4%, or $20,550, and the number of home sales decreased 31.8%.

There are currently 331 resale and new homes in Somerset on Trulia, including 10 open houses, as well as 175 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Somerset NJ was $356,213 for the week ending Nov 04, which represents a decrease of 4.9%, or $18,391, compared to the prior week.

 

Community Info for Somerset

Info
More Somerset Community Info

Homes for Sale in Somerset

1465 Easton Avenue, Somerset NJ
1465 Easton…
$399,900
5 br  3 ba
51 Whitby Circle, Somerset NJ
51 Whitby…
$255,000
2 br  2 ½ ba
43 Eugene Avenue, Somerset NJ
43 Eugene…
$90,000
 
21 Heller Park Lane, Somerset NJ
21 Heller…
$239,900
4 br  1 ba
3 Como Drive, Somerset NJ
3 Como Dr,…
$499,000
2 br  2 ba
43 Eugene Avenue, Somerset NJ
43 Eugene…
$399,900
4 br  2 ½ ba
View all Somerset Homes for Sale
 
Stats & Trends
Somerset

Real Estate Overview

Market Trends

Home Prices Map

Community Info

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Nearby Cities

Cities
Median
sales price
Average
listing price
South Bound Brook
$204,450
$275,981
New Brunswick
$195,000
$246,103
North Brunswick
$225,678
$332,612
Franklin Park
$225,000
$301,553
Manville
$225,000
$268,990
Bound Brook
$265,000
$343,751
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Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Homes for Sale includes resale and new homes on Trulia.
Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.
Open Homes refers to listings on Trulia with scheduled open house times.
Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.
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About this Info
Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.
Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.
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These reviews include feedback from parents, students, former students, administrators and other staff. This feedback may help you further evaluate and compare schools, along with other information such as test scores, academic programs, school resources, classroom and teacher ratios, etc. The reviews are provided by GreatSchools.

Ask a question about this school on Trulia Voices to learn more about this school or district from residents and other local experts.

 
   
About this Info
Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report.
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