Comprehensive market data and analysis• Updated Dec 2025
7.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 2 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 6 | 10 |
Acreage buckets
The median price for land in Somerset, New Jersey is currently $248K per acre. For a typical parcel, the median sale price is $300K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $200K while premium lots reached $675K.
Somerset, New Jersey is currently a balanced market with 7.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Somerset, New Jersey currently has 7.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Somerset, New Jersey is 13.3%. The 12-month rate is 9.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Somerset, New Jersey saw 11 properties sold, totaling $53.6M in sales volume. In just the last 3 months, 4 properties changed hands.
There are currently 10 active listings in Somerset, New Jersey. 3 new listings have hit the market in the last 90 days. The median asking price is $350K.
The current absorption rate in Somerset, New Jersey is 13.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is Keller Williams Real Estate.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
