Compare: Somerset vs New Jersey

Home Values in Somerset and New Jersey

Somerset
vsNew Jersey
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Zillow Home Value Index
Mid-point of Zestimate valuations for Somerset. Half the Zestimates are above this number and half are below it.
$272,200vs$274,800
1-Year Change+8.9%vs+5.7%
Median List Price$279,900vs$275,000
Median Sale Price$259,400vs$271,500
Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have risen by 8.9%, while New Jersey home values have risen by 5.7%. The median sale price in Somerset is $259,400, but the median listing price was $279,900, a 7.3% discount. Meanwhile in New Jersey, the median selling price is $271,500, and the starting price had a median of $275,000, a 1.3% discount.

Homes for Sale in Somerset and New Jersey

Somerset vs New Jersey

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Why is Somerset better than New Jersey?

Somerset, NJ

Map of Somerset, NJ
Somerset is a city in Somerset county, NJ with a population of 24,170. The median household income is $65,831.

New Jersey

Map of New Jersey
New Jersey is a state in US with a population of 7,730,188. The median household income is $58,488.