07069 — Somerset County, New Jersey Market Snapshot
Housing market data for zip code 07069 in Somerset County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$1,437,500
Days to Sell
16
Homes Sold
10
Inventory
23
Sale-to-List
105.3%
New Listings
34
Price/SqFt
$369
Pending Sales
22
Jumbo Loan Likely Needed
The median home in 07069 at $1,437,500 exceeds the 2026 conforming loan limit of $1,209,750 by $227,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 07069 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07069 are selling 5.3% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 07069 at $1,437,500 exceeds the 2026 conforming loan limit of $1,209,750 by $227,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 07069 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 07069
To purchase the median home at $1,437,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $11,164.
Monthly Payment
$11,164
Income Required
$478,443
Principal & Interest
$8,857/mo
Down Payment (5%)
$71,875
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 07069.
Estimated Monthly Payment
$9,046
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