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Somerset, NJ 08873 Real Estate & Property Data

Somerset, NJ 08873 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 553 residential properties have been sold over the past 12 months in 08873. With a median sales price of $467,500 in 08873 and a total of 7 foreclosures in Somerset, NJ 08873. Discover market trends and get the granular level real estate data for Somerset, NJ 08873 to keep your pulse on the housing market. Curate compelling home reports for Somerset, NJ 08873 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Somerset, NJ 08873 Real Estate Market Trends
Get property data for any address in Somerset, NJ 08873 or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 16,017
Total Commercial Properties 389
Avg. Home Age (Single Family Home) 44 Years
Avg. Square Feet (Single Family Home) 1,990
Total 2024 Residential Sales (year-to-date) 73
% of Homes Seriously Underwater (Q2 2024) 0.51%
Total 2023 Residential Sales 522
% of Equity Rich Homes (Q2 2024) 49.2%
Effective 2023 Property Tax 1.5%
Total Foreclosure Filings (year-to-date) 16
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Somerset, NJ 08873 Real Estate Overview

There were 553 residential properties sold in the past year in Somerset, NJ 08873. The median home value in Somerset, NJ 08873 is $511,550. There are a total of 16,017 residential properties in the 08873.

Median Sales Price i
$467,500
(Feb 2024)
+2.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $467,500
  • January '24 Jan '24 $482,703
  • December '23 Dec '23 $500,000
  • November '23 Nov '23 $507,000
  • October '23 Oct '23 $472,500
  • September '23 Sep '23 $499,000
  • August '23 Aug '23 $460,000
  • July '23 Jul '23 $565,000
  • June '23 Jun '23 $500,000
  • May '23 May '23 $437,500
  • April '23 Apr '23 $445,000
  • March '23 Mar '23 $416,000
Median Down Payment i
$26,750
(Feb 2024)
-20.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $26,750
  • January '24 Jan '24 $93,750
  • December '23 Dec '23 $89,500
  • November '23 Nov '23 $85,000
  • October '23 Oct '23 $62,000
  • September '23 Sep '23 $56,800
  • August '23 Aug '23 $118,000
  • July '23 Jul '23 $113,000
  • June '23 Jun '23 $75,000
  • May '23 May '23 $28,500
  • April '23 Apr '23 $96,500
  • March '23 Mar '23 $85,275
Number of Homes Sold i
27
(Feb 2024)
-20.6%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 27
  • January '24 Jan '24 46
  • December '23 Dec '23 36
  • November '23 Nov '23 37
  • October '23 Oct '23 59
  • September '23 Sep '23 56
  • August '23 Aug '23 47
  • July '23 Jul '23 44
  • June '23 Jun '23 47
  • May '23 May '23 39
  • April '23 Apr '23 36
  • March '23 Mar '23 45
Number of Purchase Loans i
12
(Feb 2024)
-55.6%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 12
  • January '24 Jan '24 28
  • December '23 Dec '23 19
  • November '23 Nov '23 27
  • October '23 Oct '23 44
  • September '23 Sep '23 45
  • August '23 Aug '23 38
  • July '23 Jul '23 33
  • June '23 Jun '23 35
  • May '23 May '23 32
  • April '23 Apr '23 26
  • March '23 Mar '23 31
Number of REFI Loans i
32
(Feb 2024)
+68.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 32
  • January '24 Jan '24 24
  • December '23 Dec '23 13
  • November '23 Nov '23 21
  • October '23 Oct '23 32
  • September '23 Sep '23 28
  • August '23 Aug '23 29
  • July '23 Jul '23 26
  • June '23 Jun '23 25
  • May '23 May '23 20
  • April '23 Apr '23 16
  • March '23 Mar '23 24
Number of HELOC Loans i
14
(Feb 2024)
+75%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 14
  • January '24 Jan '24 14
  • December '23 Dec '23 10
  • November '23 Nov '23 9
  • October '23 Oct '23 18
  • September '23 Sep '23 10
  • August '23 Aug '23 9
  • July '23 Jul '23 8
  • June '23 Jun '23 18
  • May '23 May '23 13
  • April '23 Apr '23 19
  • March '23 Mar '23 14

Somerset, NJ 08873 Real Estate Market Overview

Last 30 days
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Somerset, NJ 08873 Foreclosure Activity

There were a total of 7 Somerset, NJ 08873 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 7 Somerset, NJ 08873 properties and repossessed 1 Somerset, NJ 08873 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
7
(Feb 2024)
+16.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 7
  • January '24 Jan '24 9
  • December '23 Dec '23 3
  • November '23 Nov '23 5
  • October '23 Oct '23 4
  • September '23 Sep '23 7
  • August '23 Aug '23 8
  • July '23 Jul '23 5
  • June '23 Jun '23 5
  • May '23 May '23 10
  • April '23 Apr '23 12
  • March '23 Mar '23 6
Foreclosure Starts i
7
(Feb 2024)
+40%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 7
  • January '24 Jan '24 5
  • December '23 Dec '23 2
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 3
  • July '23 Jul '23 2
  • June '23 Jun '23 3
  • May '23 May '23 8
  • April '23 Apr '23 11
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
1
(Feb 2024)
-50%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 3
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
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