As we step into November 2025, I wanted to provide you with a comprehensive update on the current housing market trends in Somerset County, New Jersey. This information is designed to help you make informed decisions as you navigate your home buying journey.

Market Overview:

Inventory & Supply:
Currently, Somerset County has a 1.53-month supply of inventory. This is a noticeable decrease of 26% from last month and a 14% decrease over the past year. This tightening of inventory may indicate a competitive market, making it important to be prepared when the right opportunity arises.

New and Active Listings:
In the past month, there have been 117 new single-family home listings with a median list price of $625,000. There are currently 272 active listings with a higher median list price of $746,500. This distinction provides a range of options for buyers, depending on budget and preferences.

Pending and Sold Listings:
The market remains active with 145 new pending listings, carrying a median list price of $719,000. Homes are moving quickly, with a median of 27 days on the market before going pending. The median sold price stands at $792,500, reflecting a 3% increase from the previous month, with homes typically selling at 101.28% of the list price. This indicates a strong demand, as properties are often selling above asking price. The median days on the market for sold listings is 22, showing a 10% increase month-over-month, suggesting a slightly longer closing process.

Market Trends - Somerset County

Sold data - November 2025

Inventory Supply - November 2025

What This Means for You:
These market dynamics suggest a robust and competitive environment. With inventory levels decreasing and homes generally selling above list price, it's crucial to be well-informed and prepared when engaging in the market. This update aims to equip you with the knowledge necessary to make strategic decisions.

If you have any questions about these trends or would like to discuss your specific real estate goals further, we are here to assist. Please feel free to reach out to us at (908) 304-9346.
We are eager to help you find the perfect home in Somerset County or anywhere else in North Central New Jersey where we cover!

Photo by Andreea V on Unsplash