What the Pros Know

348,842

Population

0.5% YoY

2023

40.8

Median Age

2.4% YoY

2022

$131,948

Median Household Income

8.4% YoY

2022

184,313

Labor Force

0.7% MoM

0.1% YoY

8/2024

175,588

Employed

0.7% MoM

0.3% YoY

8/2024

4.7%

Unemployment Rate

2.1% MoM

9.3% YoY

8/2024

$662,000

Median Sale Price

1.2% MoM

16.9% YoY

8/2024

376

Homes Sold

5.6% MoM

3.6% YoY

8/2024

0.9

Months Inventory

17.3% MoM

15% YoY

8/2024

19

Days on Market

0 MoM

0 YoY

8/2024

324

Listings

21.5% MoM

13.8% YoY

8/2024

104.9%

Sale Price to List Price

0.5% MoM

0.2% YoY

8/2024

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Cities included in Somerset County: Somerset, North Plainfield, Hillsborough, Bradley Gardens, Franklin Park, Somerville, Martinsville, Bound Brook, The Hills, Manville, Blackwells Mills, East Franklin, Basking Ridge, Bernardsville, Watchung, Green Knoll, Finderne, Bridgewater Center, Belle Mead, Franklin Center, Lyons, Neshanic Station, South Bound Brook, Six Mile Run, Middlebush, Ten Mile Run, Weston, Liberty Corner, Bedminster, Flagtown, Kingston, Far Hills, Griggstown, Rocky Hill, Neshanic, East Millstone, Harlingen, Pluckemin, Pleasant Plains, Skillman, East Rocky Hill, Lamington, Clyde, Zarephath, Blawenburg


Zip Codes included in Somerset County: [Click for zip code level data] 07059, 07069, 07920, 07921, 07924, 07931, 07934, 07939, 07977, 08502, 08528, 08553, 08558, 08805, 08807, 08812, 08821, 08823, 08835, 08836, 08844, 08853, 08869, 08873, 08876, 08880, 08890


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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