Market Update
Somerset County
Q3 2026
Residential Property Snapshot
All | Q3 2026
Med. Sales Price
$688k
2% more than in
Q3 2025
Q3 2025
Avg. Days On Market
33
6% more than in
Q3 2025
Q3 2025
Closed Sales
932
8% fewer than in
Q3 2025
Q3 2025
Inventory
672
30% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Townhomes & Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $525k | $622k | 1303 |
| Q3 '23 | $600k | $726k | 971 |
| Q3 '24 | $645k | $770k | 1009 |
| Q3 '25 | $678k | $797k | 1008 |
| Q3 '26 | $688k | $809k | 932 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Townhomes & Condos
| Closed Under $500k | 25.9% |
|---|---|
| Q3 '26 | 241 |
| Q3 '25 | 270 |
| 1YR CHANGE | -11% |
| Closed $500k - $1m | 51.8% |
| Q3 '26 | 483 |
| Q3 '25 | 520 |
| 1YR CHANGE | -7% |
| Closed $1m - $2m | 19.7% |
| Q3 '26 | 184 |
| Q3 '25 | 200 |
| 1YR CHANGE | -8% |
| Closed Over $2m | 2.6% |
| Q3 '26 | 24 |
| Q3 '25 | 18 |
| 1YR CHANGE | +33% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Townhomes & Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 28 | $525k |
| Q3 '23 | 28 | $600k |
| Q3 '24 | 26 | $645k |
| Q3 '25 | 31 | $678k |
| Q3 '26 | 33 | $688k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Townhomes & Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
30%
New Listings
New Listings represents the number of properties listed during the quarter.
5%
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.
40%
Closed Sales
-8%
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.
6%
Basking Ridge
Median
$911k
DOM
27
Sales
87
Inv
57
Basking Ridge (without The Hills)
Median
$911k
DOM
28
Sales
71
Inv
45
Basking Ridge & Bedminster (The Hills)
Median
$555k
DOM
25
Sales
48
Inv
31
Bedminster (without The Hills)
Median
$1.1m
DOM
23
Sales
10
Inv
6
Bedminster Township
Median
$520k
DOM
26
Sales
43
Inv
25
Bernardsville
Median
$1.05m
DOM
35
Sales
23
Inv
29
Branchburg Township
Median
$685k
DOM
26
Sales
42
Inv
28
Bridgewater Township
Median
$750k
DOM
28
Sales
151
Inv
73
Far Hills
Median
$2.14m
DOM
10
Sales
4
Inv
8
Green Brook Township
Median
$795k
DOM
30
Sales
22
Inv
22
Hillsborough Township
Median
$675k
DOM
34
Sales
117
Inv
94
Montgomery Township
Median
$990k
DOM
40
Sales
72
Inv
70
Peapack-Gladstone
Median
$755k
DOM
57
Sales
9
Inv
12
Raritan
Median
$628k
DOM
21
Sales
12
Inv
11
Somerville
Median
$573k
DOM
31
Sales
32
Inv
26
Warren Township
Median
$1.29m
DOM
44
Sales
48
Inv
24
Watchung
Median
$975k
DOM
40
Sales
23
Inv
21