Housing in Somerville, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$575,000
Median List Price
$699,900
Price Per Sq Ft
$404
Days on Market
38
Active Inventory
8
Months of Supply
0.9
Seller's market
Zillow Home Value
$533,747
ZHVI — January 2026
Zillow Rent Index
$2,249
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
55.6%
Off Market in 2 Weeks
10.0%
Sale-to-List Ratio
103.5%
Seller's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
5
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$404
Median List $/SF
$293
Somerville vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Somerville is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$403,600
Median Rent
$1,748
Total Housing Units
5,726
Vacancy Rate
2.1%
Owner Occupied
44.5%
Renter Occupied
55.5%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,730
Housing Types
The current median sale price in Somerville, NJ is $575,000 according to Redfin data. Homes spend a median of 38 days on the market. 55.6% of homes sold above asking price. The market has 0.9 months of supply. The median price per square foot is $404. Zillow's observed rent index is $2,249/month. About 44.5% of housing units are owner-occupied. The median year homes were built is 1958. There are 5,726 total housing units.