Construction Value
$3.8M ▼ 36.1%
Units Permitted
4 ▼ 55.6%
Avg Value / Unit
$946K
2024 · Census Bureau Building Permits Survey
Construction activity in Watchung slowed in 2024, down 55.6% from the prior year with 4 housing units permitted. At $946K per unit, new builds are running 227% above the Somerset County average of $290K, pointing to higher-end construction. Volume is still modest compared to neighboring towns (95% fewer units than the county average of 87), but the investment per project is strong. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$587
per resident
County avg: $16K-96%
$629K
per square mile
Watchung vs. Somerset County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 4 | 4 | $3.8M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 18 permit-issuing towns in Somerset County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →