Compare: Somerset vs New Jersey
Home Values in Somerset and New Jersey
|Zillow Home Value IndexWhat's this?||$242,000||vs||$257,900|
|Median List Price||$249,900||vs||$284,900|
|Median Sale Price||$258,800||vs||$260,800|
|Total Homes Sold in Feb||12 homes||vs||11617 homes|
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.
Demographics in Somerset and New Jersey
|Median Household Income||$65,831||vs||$58,488|
|Homes with Kids||32.1%||vs||33.8%|
|Average Household Size||2.8||vs||2.7|
|Average Commute Time (Minutes)||29||vs||30|
At $58,488, the median income in New Jersey is $7,343 less than in Somerset, and $13,976 higher than the national average. Somerset has an older median age, at 36, compared to 36 in New Jersey, and a shorter average commute. The average commute in New Jersey is 30 minutes and the average commute in Somerset is 29 minutes.
Homes for Sale in Somerset and New Jersey
Somerset vs New Jersey