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New Construction Homes Under $700K in Somerset County, NJ

1 Homes

Under Construction

From $662,990

2 Br | 3 Ba | 1 Gr | 1,632 sq ft

165 Jasmine Drive. Warren, NJ 07059

K. Hovnanian® Homes

4.3

From $662,990

2 Br | 3 Ba | 1 Gr | 1,632 sq ft

New Hope | Warren, NJ

K. Hovnanian® Homes

4.3

From $698,000

3 Br | 4 Ba

6 Brook St. Peapack, NJ 07977

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Market Snapshot

Top New Home Cities in Somerset County

CityHomesAverage New Home Price
Warren8$797,190
Far Hills7$1,264,995

Somerset County features many of the best homes builders and new construction home designs in New Jersey. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Somerset County has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Somerset County area. In fact, there are 3 new homes for sale in Somerset County with a good selection of cheaper homes starting at under $700K.

How to Find Homes in Somerset County For Less Than $700K?

Builders see the growing demand for homes under the $700k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.