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The Somerset housing market is highly competitive, with homes typically receiving around nine offers and selling in about 17 days. Last month, the median sale price was $525K, reflecting a 4.5% decrease from the previous year, while the median price per square foot rose 1.2% to $340.
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Somerset County, NJ, is one of the most desirable locations for luxury real estate in the state, offering a blend of upscale living, scenic beauty, and convenience. Whether you're looking for a sprawling estate, a modern custom-built home, or a historic mansion, this county provides an exceptional setting for high-end homebuyers. Here are three compelling reasons why purchasing a luxury home in Somerset County is a smart investment.
Luxury homes in Somerset County are located in some of the most prestigious and private neighborhoods in New Jersey, offering an unparalleled sense of exclusivity. Areas such as Bernardsville, Bedminster, Far Hills, and Montgomery boast estate-sized properties with gated entrances, long driveways, and lush landscapes, ensuring both security and seclusion. Many luxury homes also offer customized features like home theaters, wine cellars, and private fitness centers, catering to a high-end lifestyle. If you value privacy while still being part of a refined community, Somerset County is the perfect place to call home.
For families purchasing a luxury home, access to top-rated schools is often a deciding factor, and Somerset County does not disappoint. The area is home to some of New Jersey’s best public and private schools, including Montgomery High School, Ridge High School, Pingry School, and Rutgers Preparatory School. These institutions offer exceptional academic programs, strong extracurriculars, and high college placement rates, making this county ideal for families who prioritize education. Investing in a luxury home here means giving your children access to top-tier learning opportunities while enjoying a prestigious and well-rounded community.
Luxury homeowners in Somerset County enjoy the best of both worlds—peaceful suburban living without sacrificing access to major business hubs. The county is strategically located near Interstate 287, Route 202, and the NJ Transit train line, making it easy to commute to New York City, Newark, or Princeton. Whether you're a high-level executive, entrepreneur, or remote professional, living in Somerset County means having seamless access to corporate headquarters, international airports, and cultural attractions while still coming home to a serene, upscale environment.
Navigating Somerset County’s real estate market takes local insight, strategic timing, and a personalized approach. Whether you're still exploring or ready to make an offer, Freeman Smith is here to help every step of the way—from answering questions to setting up private tours. Reach out today to start your journey toward the perfect home in Somerset County.
Luxury enclaves like Bedminster, Far Hills, and Peapack–Gladstone are governed by estate-residential zoning with minimum acreage requirements. Buyers should review zoning ordinances to confirm allowable uses (guest houses, equestrian facilities, agricultural exemptions) and subdivision restrictions. This affects both lifestyle (privacy, land use) and long-term investment potential.
Somerset County is one of the Northeast’s equestrian hubs, anchored by Hamilton Farm, the U.S. Equestrian Team Foundation headquarters. Many luxury estates include barns, paddocks, and bridle-trail access. Proximity to equestrian networks, golf clubs (Trump National, Hamilton Farm Golf Club, Basking Ridge Country Club), and hunt country traditions is a unique lifestyle driver that shapes demand in this segment.
The county is rich in Gilded Age and colonial-era estates. Luxury buyers should know that landmarked properties or those within historic overlays may face restrictions on exterior alterations. While this protects property character and prestige, it can complicate renovations or expansions—requiring approvals from local historic commissions.
Luxury estates in the western part of the county (Sourland Mountain, Bedminster) offer unparalleled seclusion but add travel time to Manhattan, Newark Airport, or NJ TRANSIT hubs. Buyers should balance the desire for acreage and privacy against the need for proximity to commuter infrastructure and urban amenities.
Somerset County’s estate-scale properties can carry very high taxes. However, the state’s Farmland Assessment Program allows qualified properties (with agricultural use, often equestrian or hay production) to receive significant tax reductions. For luxury buyers, enrolling in or continuing farmland assessment can materially lower annual carrying costs.
In prime locations, luxury buyers may choose between restoring historic estates or building custom homes on large tracts. Towns like Bernardsville and Far Hills have architectural review boards that encourage harmony with the area’s character. Buyers considering new construction should assess local design expectations, environmental overlays (Highlands, Sourland), and availability of high-end builders familiar with the market.
Luxury living in Somerset County, NJ, offers the perfect blend of elegance, privacy, and convenience. Whether you're looking for a sprawling estate, a modern masterpiece, or a historic mansion, Jeff is here to help you navigate the market and find the perfect property to match your lifestyle. If you have any questions or are ready to explore exclusive luxury listings, contact Jeff today to schedule a private showing and take the first step toward owning your dream home!
Discover everything Somerset County, NJ, has to offer with our comprehensive neighborhood guide. From top-rated schools to vibrant communities and local hotspots, our guide has all the insights you need to find your perfect place to call home. Start exploring now and uncover the charm of Somerset County!
Freeman's goal is to simplify a very complicated process and arrive at the very best for you, the client. With over 40 years of sales and negotiating experience, your needs will be placed before everything else.
