Home Values in Somerset and New Jersey
|Zillow Home Value Index||$275,300||vs||$287,600|
|Median List Price||$249,900||vs||$289,000|
|Median Sale Price||$219,100||vs||$285,200|
Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have risen by 3.6%, while New Jersey home values have risen by 6.2%. The median sale price in Somerset is $219,100, but the median listing price was $249,900, a 12.3% discount. Meanwhile in New Jersey, the median selling price is $285,200, and the starting price had a median of $289,000, a 1.3% discount.