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Somerset, NJ Real Estate & Property Data

Somerset Real Estate Market Trends

Last Updated: August 30, 2025

Accurate and comprehensive real estate data is critical for insight into Somerset, NJ 08873. ATTOM’s Somerset real estate data is updated daily, and current market trends show that in Somerset, NJ a total of 573 residential properties have sold over the past year. With a median home price of $650,000 in Somerset and a total of 3 foreclosures. Get detailed property data for Somerset, NJ instantly. ATTOM is your one-stop-shop for the Somerset property reports and real estate data you need in Somerset, NJ.

Somerset Real Estate Market Trends

Get property data for any address in Somerset, NJ or the country:

Total Residential Properties 16,050

Total Commercial Properties 385

Avg. Home Age (Single Family Home) 45 Years

Avg. Square Feet (Single Family Home) 1,991

Total 2025 Residential Sales (year-to-date) 218

% of Homes Seriously Underwater (Q3 2025) 0.62%

Total 2024 Residential Sales 586

% of Equity Rich Homes (Q3 2025) 51.25%

Effective 2024 Property Tax 1.43%

Total Foreclosure Filings (year-to-date) 35

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Somerset, NJ 08873 Real Estate Overview

There were 573 residential properties sold in the past year in Somerset, NJ 08873. The median home value in Somerset, NJ 08873 is $562,300. There are a total of 16,050 residential properties in the 08873.

Median Sales Price i

$650,000

(Jun 2025)

+2.4%

year-over-year

y-o-y

June '25 Jun '25 $650,000
May '25 May '25 $540,000
April '25 Apr '25 $594,500
March '25 Mar '25 $535,000
February '25 Feb '25 $725,000
January '25 Jan '25 $500,000
December '24 Dec '24 $515,000
November '24 Nov '24 $583,500
October '24 Oct '24 $492,000
September '24 Sep '24 $522,500
August '24 Aug '24 $525,000
July '24 Jul '24 $580,000

Median Down Payment i

$130,000

(Jun 2025)

-5.5%

year-over-year

y-o-y

June '25 Jun '25 $130,000
May '25 May '25 $113,125
April '25 Apr '25 $85,750
March '25 Mar '25 $125,752
February '25 Feb '25 $170,500
January '25 Jan '25 $88,781
December '24 Dec '24 $40,130
November '24 Nov '24 $103,700
October '24 Oct '24 $82,600
September '24 Sep '24 $130,099
August '24 Aug '24 $96,875
July '24 Jul '24 $119,000

Number of Homes Sold i

44

(Jun 2025)

+15.8%

year-over-year

y-o-y

June '25 Jun '25 44
May '25 May '25 41
April '25 Apr '25 40
March '25 Mar '25 35
February '25 Feb '25 27
January '25 Jan '25 31
December '24 Dec '24 52
November '24 Nov '24 46
October '24 Oct '24 51
September '24 Sep '24 53
August '24 Aug '24 54
July '24 Jul '24 61

Number of Purchase Loans i

34

(Jun 2025)

+21.4%

year-over-year

y-o-y

June '25 Jun '25 34
May '25 May '25 32
April '25 Apr '25 28
March '25 Mar '25 27
February '25 Feb '25 26
January '25 Jan '25 30
December '24 Dec '24 41
November '24 Nov '24 40
October '24 Oct '24 41
September '24 Sep '24 32
August '24 Aug '24 43
July '24 Jul '24 42

Number of REFI Loans i

24

(Jun 2025)

+14.3%

year-over-year

y-o-y

June '25 Jun '25 24
May '25 May '25 32
April '25 Apr '25 32
March '25 Mar '25 31
February '25 Feb '25 21
January '25 Jan '25 35
December '24 Dec '24 30
November '24 Nov '24 34
October '24 Oct '24 44
September '24 Sep '24 32
August '24 Aug '24 32
July '24 Jul '24 17

Number of HELOC Loans i

19

(Jun 2025)

+18.8%

year-over-year

y-o-y

June '25 Jun '25 19
May '25 May '25 21
April '25 Apr '25 25
March '25 Mar '25 15
February '25 Feb '25 12
January '25 Jan '25 16
December '24 Dec '24 15
November '24 Nov '24 13
October '24 Oct '24 12
September '24 Sep '24 24
August '24 Aug '24 18
July '24 Jul '24 28

Somerset, NJ 08873 Real Estate Market Overview

Last 30 days

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Somerset, NJ 08873 Foreclosure Activity

There were a total of 3 Somerset, NJ 08873 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

3

(Jun 2025)

-72.7%

year-over-year

y-o-y

June '25 Jun '25 3
May '25 May '25 8
April '25 Apr '25 5
March '25 Mar '25 4
February '25 Feb '25 9
January '25 Jan '25 6
December '24 Dec '24 4
November '24 Nov '24 6
October '24 Oct '24 6
September '24 Sep '24 8
August '24 Aug '24 11
July '24 Jul '24 7

Foreclosure Starts i

2

(Jun 2025)

-50%

year-over-year

y-o-y

June '25 Jun '25 2
May '25 May '25 2
April '25 Apr '25 1
March '25 Mar '25 2
February '25 Feb '25 6
January '25 Jan '25 2
December '24 Dec '24 2
November '24 Nov '24 4
October '24 Oct '24 4
September '24 Sep '24 4
August '24 Aug '24 10
July '24 Jul '24 4

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 2
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

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