07920 — Somerset County, New Jersey Market Snapshot
Housing market data for zip code 07920 in Somerset County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
63 sales in 2026 (year to date)
Median Sale Price
$905,800
Days to Sell
17
Homes Sold
63
Inventory
48
Sale-to-List
103.6%
New Listings
126
Price/SqFt
$417
Pending Sales
93
Conforming Loan Available
Most homebuyers in 07920 can comfortably use conventional financing. The median home price of $905,800 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07920 are moving quickly at 17 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07920 are selling 3.6% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07920 can comfortably use conventional financing. The median home price of $905,800 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07920 are set at the county level.
2026 Loan Limits — Somerset County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07920
To purchase the median home at $905,800 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,090.
Monthly Payment
$7,090
Income Required
$303,855
Principal & Interest
$5,581/mo
Down Payment (5%)
$45,290
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07920.
Estimated Monthly Payment
$5,756
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 07920. Tell us what you're looking for.