Compare: Somerset vs New Jersey

Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have fallen by 5.0%, while New Jersey home values have risen by 0.4%. The median sale price in Somerset is $258,800, but the median listing price was $249,900, a 3.6% increase. Meanwhile in New Jersey, the median selling price is $260,800, and the starting price had a median of $284,900, a 8.5% discount. In February, Somerset home sellers managed to move 12 houses, while New Jersey saw 11617 transactions.