Somerset, NJ Housing Market
Somerset Migration & Relocation Trends
In Jan '24 - Mar '24, 30% of Somerset homebuyers searched to move out of Somerset, while 70% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Somerset from outside metros.
- Peoria homebuyers searched to move into Somerset more than any other metro followed by Springfield and Lincoln.
Where are people moving to Somerset from?
- 70% of Somerset homebuyers searched to stay within the Somerset metropolitan area.
- Miami was the most popular destination among Somerset homebuyers followed by Philadelphia and Washington.
Where are people from Somerset moving to?
Number of People Moving to Somerset
least
most
People are moving to Somerset from
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6 | ||
2 | 5 | ||
3 | 5 | ||
4 | 2 | ||
5 | 2 | ||
6 | 1 | ||
7 | 1 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
People are leaving Somerset for
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6,754 | ||
2 | 4,058 | ||
3 | 3,185 | ||
4 | 2,755 | ||
5 | 2,367 | ||
6 | 2,152 | ||
7 | 1,814 | ||
8 | 1,636 | ||
9 | 1,547 | ||
10 | 1,491 |
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Transportation in Somerset
Learn about the walkability, bikeability, and transit-friendliness of Somerset
Car-Dependent
Walk Score®
Somewhat Bikeable