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
Within Conforming Limit Estimate
At 5% down, the estimated base loan for the $905,800 median-priced home in 07920 is $860,510. The 2026 conforming limit is $1,209,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Market Insights
Market Temperature
The median listing-to-close time for the reported sales in 07920 is 17 days. Use this measure with the sale count, property type, condition, price range, and inventory. It does not predict competition or negotiation results for a specific home.
Sale-to-List Ratio
The reported average sale-to-list ratio in 07920 is 103.6%, or 3.6% above the last list price. This aggregate does not predict the sale price or appraisal for a specific home.
Conforming Loan Feasibility
At 5% down, the estimated base loan for the $905,800 median-priced home in 07920 is $860,510. The 2026 conforming limit is $1,209,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
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 the assumed 6.75% rate, the estimated monthly payment is approximately $7,448.
Monthly Payment
$7,448
Income Required
$319,221
Principal & Interest
$5,581/mo
Property Tax
$1,359/mo
Home Insurance
$150/mo
Estimated PMI
$359/mo
Down Payment (5%)
$45,290
Assumes a 30-year fixed loan at 6.75%, 1.8% property tax, $1,800 annual insurance, and a 28% housing-to-income planning ratio. Planning estimate only. The income figure divides the displayed monthly housing estimate by a 28% housing-to-income ratio. It is not an approval rule. The mortgage insurance estimate uses 0.5% of the loan amount per year. Actual rates, taxes, insurance, mortgage insurance, HOA or condo dues, closing costs, repairs, utilities, other debts, and approval rules can differ. Compare actual terms and your Loan Estimate.
Mortgage Calculator
Estimate your monthly payment for a home in 07920.
Estimated Monthly Payment
$5,756
Estimates only. Actual payments, taxes, insurance, mortgage insurance, rates, and loan terms can differ. This calculator is not a loan offer.
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