Market Update
Somerset County
Q2 2026
Residential Property Snapshot
All | Q2 2026
Med. Sales Price
$628k
3% less than in
Q2 2025
Q2 2025
Avg. Days On Market
29
7% more than in
Q2 2025
Q2 2025
Closed Sales
758
6% fewer than in
Q2 2025
Q2 2025
Inventory
584
10% more than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Townhomes & Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $507k | $639k | 1168 |
| Q2 '23 | $570k | $678k | 795 |
| Q2 '24 | $615k | $742k | 871 |
| Q2 '25 | $650k | $785k | 810 |
| Q2 '26 | $628k | $765k | 758 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Townhomes & Condos
| Closed Under $500k | 31.4% |
|---|---|
| Q2 '26 | 238 |
| Q2 '25 | 236 |
| 1YR CHANGE | +1% |
| Closed $500k - $1m | 49.7% |
| Q2 '26 | 377 |
| Q2 '25 | 415 |
| 1YR CHANGE | -9% |
| Closed $1m - $2m | 16.2% |
| Q2 '26 | 123 |
| Q2 '25 | 136 |
| 1YR CHANGE | -10% |
| Closed Over $2m | 2.6% |
| Q2 '26 | 20 |
| Q2 '25 | 23 |
| 1YR CHANGE | -13% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Townhomes & Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 30 | $507k |
| Q2 '23 | 28 | $570k |
| Q2 '24 | 28 | $615k |
| Q2 '25 | 27 | $650k |
| Q2 '26 | 29 | $628k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Townhomes & Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
10%
New Listings
New Listings represents the number of properties listed during the quarter.
4%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
17%
Closed Sales
-6%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
7%
Basking Ridge
Median
$903k
DOM
24
Sales
84
Inv
36
Basking Ridge (without The Hills)
Median
$721k
DOM
23
Sales
66
Inv
31
Basking Ridge & Bedminster (The Hills)
Median
$537k
DOM
19
Sales
57
Inv
20
Bedminster (without The Hills)
Median
$725k
DOM
24
Sales
3
Inv
2
Bedminster Township
Median
$495k
DOM
17
Sales
43
Inv
17
Bernardsville
Median
$904k
DOM
19
Sales
18
Inv
24
Branchburg Township
Median
$630k
DOM
35
Sales
31
Inv
26
Bridgewater Township
Median
$728k
DOM
24
Sales
100
Inv
66
Far Hills
Median
$800k
DOM
37
Sales
3
Inv
9
Green Brook Township
Median
$605k
DOM
27
Sales
18
Inv
16
Hillsborough Township
Median
$645k
DOM
28
Sales
109
Inv
86
Montgomery Township
Median
$955k
DOM
36
Sales
55
Inv
56
Peapack-Gladstone
Median
$710k
DOM
14
Sales
1
Inv
8
Raritan
Median
$510k
DOM
92
Sales
7
Inv
5
Somerville
Median
$640k
DOM
18
Sales
15
Inv
20
Warren Township
Median
$1.3m
DOM
27
Sales
36
Inv
37
Watchung
Median
$1.28m
DOM
25
Sales
17
Inv
19