Home Values in Somerset and New Jersey
|Zillow Home Value Index||$268,500||vs||$285,100|
|Median List Price||$240,000||vs||$279,900|
|Median Sale Price||$235,900||vs||$281,800|
Somerset, NJ tends to be less expensive for home buyers than New Jersey. During the last year, Somerset home values have fallen by 1.6%, while New Jersey home values have risen by 3.4%. The median sale price in Somerset is $235,900, but the median listing price was $240,000, a 1.7% discount. Meanwhile in New Jersey, the median selling price is $281,800, and the starting price had a median of $279,900, a 0.7% increase.