| No. Bedrooms | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $301,000 | -5.9% | $281,000 | $320,000 | $315,000 |
Somerset Market Trends
Today, November 27, 2009
Somerset Summary
The median sales price for homes in Somerset NJ for Aug 09 to Oct 09 was $301,000. This represents an increase of 7.1%, or $20,000, compared to the prior quarter and a decrease of 5.9% compared to the prior year. Sales prices have depreciated 4.4% over the last 5 years in Somerset.
The average listing price for Somerset homes for sale on Trulia was $357,723 for the week ending Nov 18, which represents a decline of 0.6%, or $2,195, compared to the prior week and a decline of 4.5%, or $16,881, compared to the week ending Oct 28. Average price per square foot for Somerset NJ was $172, a decrease of 10.4% compared to the same period last year.
| No. Bedrooms | Week ending Nov 18 | w-o-w | Week ending Nov 11 | Week ending Nov 4 | Week ending Oct 28 |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | $280,813 | -1.3% | $284,543 | $281,279 | $278,220 |
| 3 bedrooms | $353,088 | -1.5% | $358,328 | $353,368 | $348,773 |
| 4 bedrooms | $416,522 | +1.0% | $412,338 | $412,569 | $413,422 | All properties | $357,723 | -0.6% | $359,918 | $356,213 | $374,604 |
| No. Bedrooms | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $172 | -10.4% | $174 | $192 | $182 |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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