Home Values in Somerset and New Jersey
|Zillow Home Value Index||$274,000||vs||$288,700|
|Median List Price||$249,000||vs||$279,900|
|Median Sale Price||$219,100||vs||$284,900|
Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have risen by 2.3%, while New Jersey home values have risen by 6.0%. The median sale price in Somerset is $219,100, but the median listing price was $249,000, a 12.0% discount. Meanwhile in New Jersey, the median selling price is $284,900, and the starting price had a median of $279,900, a 1.8% increase.