In its February 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Somerset County, New Jersey.
According to the latest data, Somerset County’s Median Sale Price was pegged at $507,500, showing a decrease of 9.40% from the preceding month and a rise of 10.90% from the year before.
The area witnessed the sale of 168 homes during this period, which is a 8.70% decrease from the preceding month and an increase of 1.20% compared to the same timeframe last year.
The median time homes spent on the market was 20 days, which is down 7 days compared to last month and a decrease of 20 days over the previous year.
The Market Pulse Score for Somerset County is presently at 83, signaling a downward trajectory in the market’s activity.
For more information about the Somerset County, New Jersey market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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