MyMarketPulse (mymarketpulse.com) recently disclosed its May 2024 findings on the housing market conditions in Somerset County, New Jersey.
As of 5/2024, Somerset County had a Median Sale Price of $587,500, which was up 4.9% from the previous month and up 2.2% from the prior year.
During this period, 276 homes were sold in the area, reflecting an increase 10.8% compared to the month beforeand and an increase of 11.3% from the same month in the previous year.
Homes remained on the market for a median of 17 days, which is unchanged from the month before and unchanged from the previous year.
Somerset County’s Market Pulse Score currently stands at 99 indicating a falling trend for the market.
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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