Why Live in Somerset
Somerset is a riverside suburb that blends charming countryside elements with modern suburban lifestyles. Located near Rutgers University-New Brunswick, Somerset offers a mix of parks, gardens, and trails to the west, while the bustling university area lies to the east. The neighborhood is part of Franklin Township, a municipality with a rich history dating back to its incorporation in 1798. Somerset's 20,000 residents benefit from nearby amenities, including shopping, entertainment, and convenient train and bus services to New York City. The local economy is supported by industries such as pharmaceuticals, manufacturing, and IT infrastructure. Housing options in Somerset range from traditional suburban homes with colonial influences to modern townhouses and condos. The area features winding residential streets with three- and four-bedroom split-level homes, as well as larger properties on the west side. Outdoor attractions include the Delaware & Raritan Canal State Park Trail, Buccleuch Park, and the expansive 680-acre Colonial Park, which offers gardens, nature trails, and a dog park. Dining options focus on comfort foods and community hangouts, with popular spots like Stateside Tap + Tavern and Jersey Cyclone Brewing Company. Commuters can access New York City via the New Brunswick train station, about 7 miles away, or by driving the 35-mile distance on Interstate 95. Somerset County is updating its emergency response program to include mental health support.
Home Trends in Somerset, NJ
On average, homes in Somerset, NJ sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Somerset, NJ over the last 12 months is $537,500, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$537,500
Median Single Family Sale Price
$550,000
Median Townhouse Sale Price
$489,000
Median 2 Bedroom Sale Price
$443,000
Median 1 Bedroom Sale Price
$235,000
Average Price Per Sq Ft
$317
Number of Homes for Sale
48
Last 12 months Home Sales
279
Median List Price
$525,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
