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Homes for Sale Under 400K in Somerset, NJ

42 Homes

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Somerset, NJ Housing Market Overview

Somerset's housing market currently favors sellers. With just a 2-month supply of homes and properties taking an average of 21 days to sell, sellers have considerable pricing power and can command premium offers.

Status

Seller's Market

Days on Market

21

Inventory

42

Jul 2021Feb 2024Mar 2026

Median Home Price

$456,000Up 0.06%

In Mar 2026 · YoY

Jul 2021Feb 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
42 Up 0.10%
Newly Listed Homes
28 Down 0.00%
Months of Supply
2 Down 0.40%

Demand

Homes Sold
17 Down 0.00%
Sale-to-List Ratio
100.6% Down 1.90%
Homes Sold Above List
58.8% Down 2.71%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Somerset Market Report
  • mls-img

    Based on information from the Monmouth Ocean Regional REALTORS® Multiple Listing Service through Aug 30, 2026, 9:45 PM. Information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. ©2025 Monmouth Ocean Regional REALTORS®. All Rights Reserved.

  • mls-imgIDX Logo
    The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. © 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
  • mls-imgIDX Logo

    Based on information from Bright MLS through Aug 30, 2026, 9:45 PM. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2025 Bright MLS, Inc. All Rights Reserved. Click here for more information

  • mls-imgIDX Logo
    Based on information from the Garden State Multiple Listing Service L.L.C. (alternatively, from the 'GSMLS') through Aug 30, 2026, 9:45 PM.This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. This representation is based in whole or in part on data supplied by the Garden State Multiple Listing Service, L.L.C. GSMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by GSMLS may not reflect all real estate activity in the market The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

    Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
  • mls-imgIDX Logo
    Based on information from the MLS through Aug 30, 2026, 9:45 PM. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the HCMLS. The data relating to real estate for sale on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than are marked with the HCIDX mark and the information about them includes the name of the listing broker. © 2025 HCMLS. All Rights Reserved.
  • mls-img
    These properties were listed and sold by various Participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc through Aug 30, 2026, 9:45 PM. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Your Town Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    All information deemed reliable but not guaranteed accurate by the MLS. Last date updated: Aug 30, 2026, 9:45 PM.

    Source: New Jersey Multiple Listing Service, Inc.

    © 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Somerset, NJ Housing Marketlink qauare
Homes Available icon

42

Homes Available

Median List Price icon

$ 456,000

Median List Price

Avg on Market icon

21 Days

Avg on Market

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