Real Estate Market Update for Somerville, NJ
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 2% from one year earlier, and down 8% 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 under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold decreased 17% year-over-year, and increased 150% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Map Information for Somerville, NJ
Area Information for Somerville, NJ
  • Population: 12,253
  • Median Age: 34.84 yr
  • Median Commute Time: 18.28 mins
  • Educational Climate*: 4
  • Sales Tax: 6.909%
  • Population Density: 5,256/sq mi
  • Population Change Since 2000: -1.37%
  • Closest Airport: Newark Liberty International
  • Closest College: Somerset Christian College
  • Closest Jr. College: Raritan Valley Community College
  • Median Household Income: $70,803
  • Annual Residential Turnover: 16.47%
  • Median Years in Residence: 3.25 yr
  • Median Home Sales Price: $245,000
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Somerville, NJ
Median Age: 34.84 Married: 28% Number of Households: 4,724 Households with Children: 1,379
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Somerville, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St Bernards Pre Sch & Kdg 1.1 mi Catholic PRESCHOOL-K 0 0
      Robbins Nest Child Care Center 1.1 mi Private PRESCHOOL-K 0 0
      Immaculate Conception School 1.2 mi Catholic PRESCHOOL-8 0 5
      Immaculata High School 1.3 mi Catholic 9-12 0 4
      Bradley Gardens Elementary School 1.3 mi Public K-4 4-5 5
      Bridgewater-raritan High School 1.4 mi Public 9-12 4-5 4
      Somerville High School 1.6 mi Public 9-12 3-5 5
      Somerville Middle School 1.6 mi Public 6-8 2-5 5
      Van Holten Elementary School 2.1 mi Public K-4 4-5 5
      Childrens Corner Of Bumc 2.1 mi Private PRESCHOOL-K 0 0
      Milltown School 2.2 mi Public K-4 4-5 4
      Van Derveer Elementary School 2.3 mi Public K-5 2 4
      Preschool Pl & Kgn At Temple Sholom 2.3 mi Private PRESCHOOL-K 0 0
      Stellar Academy 2.4 mi Private PRESCHOOL-K 0 0
      Blaustein Early Childhood 2.6 mi Private PRESCHOOL-K 0 0
      Bright Hooizon Of Branchberg 2.6 mi Private PRESCHOOL-K 0 0
      Kangaroo Kids Child Cnt 2.6 mi Private PRESCHOOL-K 0 0
      Eisenhower Elementary School 2.7 mi Public 5-6 4-5 4
      Stony Brook Elementary School 3.0 mi Public 4-5 4 5
      Bridgewater-raritan Middle School 3.0 mi Public 7-8 4-5 4
      Kinder Care Learning Center 3.1 mi Private PRESCHOOL-K 0 0
      Adamsville Elementary School 3.3 mi Public PRESCHOOL-4 4 5
      Somerset Secondary Academy 3.4 mi Public 5-12 0 2
      Somerset Elementary Academy 3.4 mi Public K-8 0 5
      The Learning Gate 3.5 mi Private PRESCHOOL-K 0 0
      Raritan Valley Montessori Academy 3.5 mi Private PRESCHOOL-4 0 4
      Apples & Books Learning Center 3.7 mi Private PRESCHOOL-K 0 0
      Crim Elementary School 3.7 mi Public K-4 4 4
      Central Middle School 3.8 mi Public 6-8 4-5 0
      Hillside Elementary School 3.8 mi Public 5-6 4-5 4
      The Goddard Schjool Of Branchburg 3.9 mi Private PRESCHOOL-K 0 0
      St Martins School 4.3 mi Private PRESCHOOL-K 0 0
      Hamilton Elementary School 4.6 mi Public K-4 4-5 5
      Apples,books,bugs,stick Ii School 4.7 mi Private K-K 0 0
      Ethicon Family Center 5.3 mi Private PRESCHOOL-K 0 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Somerville, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.