08844 — Somerset County, New Jersey Market Snapshot
Housing market data for zip code 08844 in Somerset County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
85 sales in 2026 (year to date)
Median Sale Price
$655,000
Days to Sell
21
Homes Sold
85
Inventory
38
Sale-to-List
102.9%
New Listings
107
Price/SqFt
N/A
Pending Sales
94
Conforming Loan Available
Most homebuyers in 08844 can comfortably use conventional financing. The median home price of $655,000 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 08844 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 08844 are selling 2.9% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 08844 can comfortably use conventional financing. The median home price of $655,000 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 08844 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 08844
To purchase the median home at $655,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,168.
Monthly Payment
$5,168
Income Required
$221,503
Principal & Interest
$4,036/mo
Down Payment (5%)
$32,750
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 08844.
Estimated Monthly Payment
$4,204
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