Here’s this week’s Somerset + Morris County market pulse you can share with clients: a quick read on the latest county inventory trends, one fresh premium listing, and a few local picks for Friday, April 3 through Thursday, April 9.
Local Market Update
The latest county reports still show a market that favors well-prepared sellers, but buyers remain selective on condition, layout, and total monthly payment. This week’s live inventory snapshot suggests that after a brief jump in supply last week, available homes tightened again in both Somerset and Morris Counties heading into April.
Inventory (Active listings — week over week)
Week-over-week compares to last week’s published snapshot you used in the prior email. Counts below come from current Zillow county/type pages as of Friday, April 3.
Somerset County
• Total active: 515 (-11)
– Single-family: 290 (+3)
– Condos: 63 (-5)
– Townhomes: 98 (+5)
– Multifamily (duplex/triplex): 20 (+3)
Morris County
• Total active: 713 (-59)
– Single-family: 419 (-28)
– Condos: 79 (-5)
– Townhomes: 111 (-4)
– Multifamily (duplex/triplex): 17 (-6)
Agent takeaway: this week’s live counts show inventory tightening again in both counties, especially Morris single-family and overall active listings. That does not automatically mean a hotter market, but it does suggest buyers may continue to face competition for the best-priced, move-in-ready homes this spring.
Inventory note: Zillow “Total active” and each “home type” count are separate filters and are not intended to sum to the total. Filters can overlap, and totals may include categories outside these specific home-type pages.
This Week’s Activity
A few to watch from the public portals this week:
New / Coming Soon hitting the market this week
• Somerset: 12 Buffalo Hollow Rd (Branchburg) — On Market 4/4; 63 Arden St (Franklin) — On Market 4/6
• Morris: 28 Lord Stirling Drive (Parsippany) — On Market 4/6; 11 Windemere Ct (Hanover) — On Market 4/9
Open houses early in the window
• Somerset: 6 Longfield Dr (Hillsborough) — Fri 5–7pm (4/3); 65 Wilson Rd (Somerset) — Sat 1–3pm (4/4)
• Morris: 12 Spring Brook Dr (Randolph) — Sat 12–2pm (4/4); 67 Rhyan Dr (Parsippany) — Sun 1–4pm (4/5)
Featured Listing Spotlight
201 Woods Rd, Hillsborough Twp., NJ 08844 — $1,650,000
This one stands out because it checks a lot of upper-end buyer boxes at once: brand-new construction, more than 4,500 square feet, just over 2 acres, a dramatic open floor plan, luxury finishes, and a highly desirable Hillsborough location. Realtor.com currently shows it as active, making it a better fit for this week’s spotlight than last week’s Warren property, which is now pending.
National Rate Environment
Freddie Mac said mortgage rates moved higher again this week, with the average 30-year fixed rate increasing for the fourth straight week. The broader theme remains inflation concerns and continued uncertainty around Treasury yields and the economy. The practical takeaway: expect normal week-to-week mortgage volatility and keep the conversation focused on monthly payment, cash-to-close, and overall affordability rather than headlines alone.
Financial Markets / Economic Themes
Markets continue to react more to inflation expectations and Treasury yields than to local housing fundamentals. Even when inventory improves, financing can still feel more expensive if rates remain elevated. For agents, this is a good environment to keep buyers grounded in realistic budgets and fully underwritten pre-approvals.
Feel-Good Local Story
Spring activities are ramping up across Somerset and Morris Counties, giving buyers one more reason to explore neighborhoods and communities while they are out looking at homes this month.
Community Events (Fri Apr 3 → Thu Apr 9)
Somerset County
• Easter Bunny @ The Commons (through Apr 4) — Bridgewater Commons
• Peony Nursery & Daffodil Fields (Apr 2–4) — Bernardsville
• Astronomy Shows for All Ages at the RVCC Planetarium (Sat Apr 4)
• Books & Brew at 22 Book Swap + Trivia Night at VBC (Tue Apr 7)
Morris County
• Forever K-Pop – A Celebration Concert (Fri Apr 3) — Mayo Performing Arts Center
• An Evening with David Sedaris (Sat Apr 4) — Mayo Performing Arts Center
• Collective Soul (Tue Apr 7) — Mayo Performing Arts Center
• Women of Americana (Thu Apr 9) — Mayo Performing Arts Center
If you have a buyer writing this weekend, a seller who needs a pricing reality check, or a client who wants a fast mortgage strategy review, I’m happy to help.
Book a quick 20-minute call/Zoom here: https://api.leadconnectorhq.com/widget/bookings/richbolt-20min
References
New Jersey REALTORS® February 2026 Local Market Update — Somerset County.
New Jersey REALTORS® February 2026 Local Market Update — Morris County.
Zillow current county inventory snapshots — Somerset total / houses / condos / townhomes / duplex.
Zillow current county inventory snapshots — Morris total / houses / condos / townhomes / duplex.
Public portal listing activity — Somerset and Morris County coming soon and open house pages.
Featured listing — 201 Woods Rd, Hillsborough Twp., NJ 08844 (Realtor.com).
Rate / macro context — Freddie Mac PMMS, Reuters, AP.
Events — Visit Somerset, Mayo Performing Arts Center, RVCC Planetarium, Bernardsville Peony Nursery.