Home Values in Somerset and New Jersey
|Zillow Home Value Index||$274,600||vs||$286,800|
|Median List Price||$259,000||vs||$289,900|
|Median Sale Price||$231,200||vs||$296,000|
Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have risen by 4.6%, while New Jersey home values have risen by 6.5%. The median sale price in Somerset is $231,200, but the median listing price was $259,000, a 10.7% discount. Meanwhile in New Jersey, the median selling price is $296,000, and the starting price had a median of $289,900, a 2.1% increase.