Total number of homes available for sale in Somerville NJ: 42
Average List Price of those 42 homes in Somerville, NJ: $278,859 with an average of 3 Bedrooms, 2 Full Baths, 0 Half Baths and a 1 Car Garage
Average Days on the Market: 104 days
Total number of homes that are currently Under Contract: 13
Average List Price of those 13 homes: $254,331 with an average of 3 Bedrooms, and 2 Full Baths, 1 Half Bath and a 1 Car Garage
In the last 30 days, the total number of homes that have gone Under Contract: 6
Given the last fact, the current absorption rate for Somerville, NJ is: 7 months
In the last 30 days, the total number of homes that have Sold: 3
For the 44 homes, the average List Price was: $263,333 vs Average Sold Price of: $252,150
Average Days on the Market for the sold homes was: 37 days
Summary: The Somerville NJ real estate market is doing well. As I’ve been saying for the last few years, if you are thinking of selling your house in Somerville, be sure to list it at the right price. If you are a buyer and see a home that you like, don’t delay and submit an offer.
If you are a buyer and want to discuss your buying options, call or email me so we may set up a buyer consultation. If you are looking to sell your home in Somerville or the surrounding area, please call so that I may provide you with a complimentary CMA.
Claudia Marrone is a top Re/Max real estate agent in Somerset County with a successful track record.
NJAR Circle of Excellence 2012 – Silver Level
Re/Max Classic Group
Source: GSMLS as of October 18, 2013