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Somerset Real Estate Overview

Today, December 9, 2009

Market View for Somerset

Info
Avg. Listing Price $359,204 Wk ending Dec 02
-$3,301
-0.9%
w-o-w
Median Sales Price $294,500 Sep '09 - Nov '09
-$25,500
-8.0%
y-o-y
333Homes For Sale 2Open Homes
300Recently Sold 211Foreclosures

Market Trends for Somerset

Embed Info
Listing price – Somerset
Average Listing Price
$359,204
-0.9%
w-o-w
Median Sales Price
$294,500
-8%
y-o-y
Average price/sqft
$170
-11%
y-o-y
Number of Sales
92
-39.5%
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 Dec 2
 
w-o-w

07920
$786,132
+2.3%
08807
$511,762
-0.4%
08873
$357,648
-0.9%
08844
$571,906
-1.0%
07059
$1,049,843
-1.0%
 
Movers & Shakers
Avg. listing price
Week ending Dec 2
 
w-o-w

08823
$313,029
-2.7%
07924
$1,899,564
+2.6%
07920
$786,132
+2.3%
08805
$331,301
-1.7%
08502
$629,697
+1.5%
 
View Somerset County Home Prices Map
 

Somerset Summary

Average price per square foot for Somerset NJ was $170, a decrease of 11% compared to the same period last year. The median sales price for homes in Somerset NJ for Sep 09 to Nov 09 was $294,500 based on 92 home sales. Compared to the same period one year ago, the median home sales price decreased 8%, or $25,500, and the number of home sales decreased 39.5%.

There are currently 333 resale and new homes in Somerset on Trulia, including 2 open houses, as well as 211 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 $359,204 for the week ending Dec 02, which represents a decrease of 0.9%, or $3,301, compared to the prior week.

 

Community Info for Somerset

Info
More Somerset Community Info

Homes for Sale in Somerset

302 Cedar Grove Lane, Somerset NJ
302 Cedar…
$424,900
4 br  4 ba
42 Winston Drive, Somerset NJ
42 Winston…
$349,000
4 br  2 ½ ba
302 Cedar Grove Lane, Somerset NJ
302 Cedar…
$424,900
4 br  4 ba
63 Kingsberry Drive, Somerset NJ
63 Kingsbe…
$249,900
2 br  2 ½ ba
31 Spencer Street, Somerset NJ
31 Spencer…
$325,000
2 br  2 ½ ba
89 Rodney Avenue, Somerset NJ
89 Rodney…
$274,900
3 br  1 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
$250,000
$278,998
New Brunswick
$190,000
$246,018
North Brunswick
$227,428
$332,639
Franklin Park
$235,000
$312,646
Manville
$225,000
$268,537
Bound Brook
$277,500
$331,239
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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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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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