The latest February 2026 data continues to show a market that favors well-prepared sellers, while buyers remain selective on condition, layout, and total monthly payment.
In Somerset County:
- Median price (single-family): $642,500
- Median price (townhome/condo): $442,500
- Days on market: 50 (single-family), 38 (townhome/condo)
In Morris County:
- Median price (single-family): $670,000
- Median price (townhome/condo): $539,500
- Days on market: 39 (single-family), 41 (townhome/condo)
Takeaway: Buyers are active, but pricing and presentation matter more than ever.
Inventory Snapshot (Week Over Week)
Somerset County
- Total Active Listings: 526 (increasing)
- Single-Family: 287 (increasing)
- Condos: 68 (slightly decreasing)
- Townhomes: 93 (increasing)
- Multifamily: 17 (increasing)
Morris County
- Total Active Listings: 772 (increasing)
- Single-Family: 447 (increasing significantly)
- Condos: 84 (increasing)
- Townhomes: 115 (increasing)
- Multifamily: 23 (increasing)
Agent Insight:
Inventory is rising — especially single-family homes — giving buyers more options heading into April.
Featured Listing Spotlight
6 Stonehedge Ct, Warren Twp., NJ – $2,499,000
This property checks multiple high-end buyer boxes:
- 1.5-acre private cul-de-sac
- Heated saltwater pool
- Chef’s kitchen with Wolf range
- Finished lower level with gym & pub
- Move-in ready luxury without new construction wait
Check it out here:
https://www.zillow.com/homedetails/6-Stonehedge-Ct-Warren-NJ-07059/39916182_zpid/
Mortgage & Rate Environment (Big Picture)
Mortgage rates moved higher again this week, driven largely by inflation concerns and rising oil prices.
What this means for buyers and sellers:
- Expect normal week-to-week rate volatility
- Focus on monthly payment strategy, not headlines
- Preparation matters more than timing the market
Market Insight
The broader economic theme remains growth vs. inflation.
Even when local inventory improves, mortgage pricing can tighten due to external factors like inflation and Treasury yields.
Translation:
Local housing = opportunity
Rates = volatility
Local Feel-Good Story
Morris County has opened its 2026 Open Space Grant Program, supporting preservation and long-term community quality.
Local Events (March 27 – April 2)
Somerset County
- Easter/Spring on the Farm
- Build Your Own Charcuterie Board
- Underground DJ AC
Morris County
- The Mikado – Mayo PAC
- Journaling Nature – Frelinghuysen Arboretum
- Public Skating – Mennen Arena
Full calendars:
Somerset: https://visitsomersetnj.org/events/
Morris: https://www.morriscountynj.gov/Morris-County-Events
Let’s Talk Strategy
If you have:
- A buyer preparing to write an offer
- A seller needing pricing guidance
- A client looking to review financing options
Let’s run a quick strategy session
Schedule a 20-minute call:
https://api.leadconnectorhq.com/widget/bookings/richbolt-20min
Rich Bolt
Mortgage Loan Officer | NMLS #222703
Cornerstone First Mortgage
908-332-8575
Rbolt@cfmtg.com