Is Warren, NJ 07059 a buyer’s or seller’s market?
Warren is a seller’s market. With about 1.9 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#69 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #382 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Warren housing market right now
In the three months ending August 31, 2026, 39% of homes in Warren, NJ 07059 sold above their list price, the typical home went under contract in 24 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 52 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (40% then), homes sold about as fast and the median sale price rose 14% to $1,299,438. Overall, Warren is about as competitive as it was a year ago.
Within Somerset County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Warren ranks #214 of 444 NJ ZIP codes with enough sales (score 78 out of 100).
Nearby, Bedminster 07921 (80% sold over asking) and Raritan 08869 (79% sold over asking) are even more competitive.
Run the numbers for 07059
Nearby markets
Basking Ridge 07920Seller’s market $439 /sq ftBedminster 07921Seller’s market $456 /sq ftBelle Mead 08502Seller’s market $384 /sq ftBernardsville 07924Seller’s market $472 /sq ft Browse all markets →Towns like Warren nearby
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Questions about Warren real estate
Is Warren a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Warren, NJ 07059 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Warren?
The typical home went under contract in 24 days in the latest three months.
Do homes in Warren sell over asking?
39% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Warren?
About 1.84% of a home’s value a year in Warren Twp, Somerset County, or roughly $7,364 on a $400,000 home.
What is the median home price in Warren?
The median sale price was $1,299,438 in the three months ending August 31, 2026, about $440 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology