Real Estate Market Update for Somerset, NJ
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 56% from one year earlier, and down 20% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 360-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 76%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 300-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 83% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Somerset, NJ
School Data for Somerset, NJ

School Name Distance Type Grades School Rating Parent Rating
Franklin Township High School 1.3 mi Public 9-12 3 3
Sampson G smith School 1.9 mi Public 5-6 0 0
Elite Prepartory Academy 2.0 mi Private PRESCHOOL-12 0 0
Cedar Hill Prep School 2.1 mi Private PRESCHOOL-8 0 0
New Road School Of Somerset 2.1 mi Private 7-UNGRADE 0 0
Community Baptist Christian Academy 2.7 mi Private PRESCHOOL-2 0 0
Thomas Edison Energy Smart Charter School (teescs) 2.7 mi Public K-6 5 0
Somerset Christian Academy 2.7 mi Private - 0 0
St Matthias Elementary School 2.9 mi Catholic PRESCHOOL-8 0 0
Elizabeth Avenue Elementary School 3.0 mi Public PRESCHOOL-4 1 0
Macafee Elementary School 3.0 mi Public PRESCHOOL-4 2 0
Somerset Bible Baptist Christian Academy 3.1 mi Private K-12 0 0
Conerly Road Elementary School 3.3 mi Public PRESCHOOL-4 3 0
Somerset Presbyterian Nursery School & Kdgn 3.4 mi Private PRESCHOOL-K 0 0
Somerset Presbyterian Nursery School 3.4 mi Private PRESCHOOL-K 0 0
Rutgers Preparatory School 3.6 mi Private PRESCHOOL-12 0 0
Peace N Joy Academy Montessori School 3.7 mi Private PRESCHOOL-K 0 0
Hillcrest Elementary School 4.0 mi Public PRESCHOOL-4 1 0
Franklin Middle School 4.1 mi Public 7-8 3 3
Little Children Of God Preschool & Kindergarten 4.1 mi Private PRESCHOOL-K 0 0
The Academy Of Elcc 4.2 mi Private PRESCHOOL-K 0 0
Pine Grove Manor Elementary School 4.5 mi Public PRESCHOOL-4 1 0
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
Local Weather for Somerset, NJ
    Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.