Somerset County  Home Prices and Home Values

  • Zillow Home Value Index

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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.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Somerset, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Somerset. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Somerset. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Somerset. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in Somerset during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Somerset, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of Somersets list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of Somersets sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in Somerset, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of Somersets rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Somerset (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Somerset whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in Somerset whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Somerset that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in Somerset that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Somerset where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Somerset whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Somerset whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Somerset that were sold in the past 12 months.
  • $369,200
  • 6.5%Y-o-Y
  • Calculated 07/18/2014*
  • *Includes data and transactions through 06/30/2014
 
 
 
 
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This data is not available for Somerset.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
2552
1.1%
2.3%
6.5%
369200
44095
0.9%
2.6%
6.2%
329500
395572
0.8%
1.2%
7.3%
579100
10375
0.8%
1.6%
5.3%
643700
10008
1.1%
1.9%
10.4%
261500
37547
0.9%
1.2%
8.6%
431300
10552
1.0%
1.5%
6.4%
414500
4685
52031
31645
0.7%
1.2%
4.6%
298200
397666
1.0%
2.1%
9.9%
402200
28510
1.4%
2.5%
5.2%
379600
39609
1.1%
2.0%
5.8%
240700
12746
397133
2.3%
2.3%
2.6%
535800
46805
1.0%
0.6%
7.0%
243200
42729
0.4%
0.8%
6.1%
656300
26691
0.8%
0.7%
4.0%
302500
29062
56814
0.1%
0.5%
6.7%
272300
36497
0.6%
1.1%
6.3%
270400
13908
0.9%
2.0%
6.9%
223900
55038
0.5%
-0.7%
3.5%
665200
27793
1.1%
2.4%
9.7%
626600
 
Zillow Home Value IndexY-o-Y
Somerset$369,2006.5%
Middlesex$280,7005.9%
Mercer$212,8001.7%
Hunterdon$355,7006.4%
Morris$403,6007.6%
Union$291,6008.5%
Mortgage Rates
 
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    120 N Main St, Milltown, NJ 08850

     For Sale: $495,000

    • Beds: 0
    • Sqft: 2900
    • Baths: --
    • Lot: --
  2. 169 Clay St, Milltown, NJ Home For Sale
    169 Clay St, Milltown, NJ 08850

     For Sale: $349,900

    • Beds: 4
    • Sqft: --
    • Baths: 3.0
    • Lot: 10393
  3. 85 Connolly Dr, Ea Bruns, NJ Home For Sale
    85 Connolly Dr, Ea Bruns, NJ 08816

     For Sale: $389,000

    • Beds: 3
    • Sqft: --
    • Baths: 3.0
    • Lot: --
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