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

181,144

Labor Force

0.9% MoM

1.2% YoY

5/2024

173,948

Employed

1.3% MoM

1.9% YoY

5/2024

4.0%

Unemployment Rate

11.1% MoM

21.2% YoY

5/2024

$587,500

Median Sale Price

4.9% MoM

2.2% YoY

5/2024

276

Homes Sold

10.8% MoM

11.3% YoY

5/2024

1.2

Months Inventory

2.2% MoM

25.1% YoY

5/2024

17

Days on Market

0 MoM

0 YoY

5/2024

343

Listings

3.9% MoM

17.9% YoY

5/2024

106.2%

Sale Price to List Price

1.4% MoM

1.9% YoY

5/2024

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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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