Somerville, NJ—08876
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$608,000
1.3% YoY Growth
Household Income
$121,000
26.6% YoY Growth
Days on Market
29
16.0% Shorter YoY
Home Price Forecast
0.9%
Median Rent
$2,780
4.5% YoY Growth
1-Bed Rent
$2,250
7.1% YoY Growth
2-Bed Rent
$2,900
14.3% YoY Growth
3-Bed Rent
$3,100
4.2% YoY Growth
Home Price Trends — Somerville, NJ
As of May '26, the median home price in Somerville, NJ is $608,000, with a year-over-year change of 1.3%. This indicates that home prices in Somerville, NJ are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $608,000 | 1.3% |
| Single Family | $629,000 | 1.8% |
| Condos | $433,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |