Compare: Somerset vs New Brunswick
Home Values in Somerset and New Brunswick
|Zillow Home Value IndexWhat's this?||$262,200||vs||$212,900|
|Median List Price||$269,000||vs||$249,000|
|Median Sale Price||$222,300||vs||$158,700|
|Total Homes Sold in Oct||21 homes||vs||22 homes|
Somerset, NJ tends to be more expensive for home buyers than New Brunswick, NJ. During the last year, Somerset home values have risen by 3.4%, while New Brunswick home values have risen by 5.1%. The median sale price in Somerset is $222,300, but the median listing price was $269,000, a 17.4% discount. Meanwhile in New Brunswick, the median selling price is $158,700, and the starting price had a median of $249,000, a 36.3% discount. In October, Somerset home sellers managed to move 21 houses, while New Brunswick saw 22 transactions.
Demographics in Somerset and New Brunswick
|Median Household Income||$65,831||vs||$36,080|
|Homes with Kids||32.1%||vs||26.3%|
|Average Household Size||2.8||vs||3.2|
|Average Commute Time (Minutes)||29||vs||25|
At $36,080, the median income in New Brunswick is $29,751 less than in Somerset, and $8,432 lower than the national average. Somerset has an older median age, at 36, compared to 29 in New Brunswick, and a longer average commute. The average commute in New Brunswick is 25 minutes and the average commute in Somerset is 29 minutes.
Homes for Sale in Somerset and New Brunswick
Somerset vs New Brunswick