Why Live in Somerset
Somerset, NJ, a riverside suburb near Rutgers University-New Brunswick, blends charming countryside elements with modern suburban lifestyles. Located within Franklin Township, Somerset offers a mix of residential areas and ample park space. The community, home to around 20,000 residents, benefits from nearby amenities such as shopping, entertainment, and convenient transportation options to New York City. The local economy is supported by industries like pharmaceuticals, manufacturing, and IT infrastructure, with companies such as Meda and Catalent playing significant roles. Traditional suburban homes dominate the area, featuring three to four-bedroom split-level houses with colonial influences, alongside newer townhouses and condos. Students in Somerset have access to a variety of educational options, including public, private, and charter schools. Outdoor enthusiasts can enjoy Colonial Park's 680 acres of gardens and trails, the Delaware & Raritan Canal State Park Trail, and Buccleuch Park's athletic facilities and historic mansion. Dining options include local favorites like Stateside Tap + Tavern and Jersey Cyclone Brewing Company, while shopping centers such as Franklin Towne Center offer diverse culinary experiences. Commuters have access to the New Brunswick train station, 7 miles away, and can reach New York City in just over an hour.
Home Trends in Somerset, NJ
On average, homes in Somerset, NJ sell after 30 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 $525,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$525,000
Median Single Family Sale Price
$538,500
Median 2 Bedroom Sale Price
$452,500
Median 1 Bedroom Sale Price
$230,000
Average Price Per Sq Ft
$317
Number of Homes for Sale
35
Last 12 months Home Sales
297
Median List Price
$515,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%