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Featured local agent — Somerville, AL
Sarah Mitchell
Compass Real Estate · Somerville, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somerville, AL Housing Market
The last median sale price Redfin published was $257,500 (through May 2026). With 1.0 months of supply and homes going under contract in about 19 days, Somerville is a strong seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $257,500 home is about $1,324/mo in principal and interest.
Key numbers for Somerville, AL
Median sale price
$257,500
Last published period
Redfin, through February 2026
Days on market
19
Fast-moving
Redfin, through February 2026
Active listings
2
1.0 months of supply
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$44,783
Home costs 5.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.7%
Selling above asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Somerville a buyer's or seller's market?
Somerville, AL is a strong seller's market, based on 1.0 months of supply and homes selling in about 19 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Somerville housing market data show?
Every row below is Redfin's final published month for Somerville, AL. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $257,500 |
| Median list price | $247,500 |
| Median price per sq ft | $160/sq ft |
| Median days on market | 19 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 103.7% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Somerville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Somerville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Somerville home prices moved?
Across the 28 months we hold for Somerville, AL, the median sale price rose 22.8%, from $209,680 in April 2021 to $257,500. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 103.7%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Somerville?
Priced off the median sale price of $257,500 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $51,500 | $206,000 | $1,324/mo |
| 5% | $12,875 | $244,625 | $1,572/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,324, that implies roughly $56,735 a year before you add taxes and insurance. The median household in Somerville earns $44,783, about $11,952 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 5.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Somerville in the next 12 months?
Tell us your timeline. We send the Somerville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Somerville?
Zillow does not publish a rent index (ZORI) for Somerville, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Somerville?
Active listings in Somerville, AL went from 1 in March 2023 to 2 in February 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2023 | 1 | 2 |
| July 2023 | 1 | 1 |
| October 2023 | 1 | 1 |
| January 2024 | 2 | 1 |
| April 2024 | 1 | 1 |
| September 2024 | 2 | 1 |
| March 2025 | 1 | not published |
| July 2025 | 2 | 1 |
| August 2025 | 2 | not published |
| November 2025 | 1 | 1 |
| December 2025 | 2 | 1 |
| February 2026 | 2 | 1 |
Redfin, through February 2026
How does Somerville compare to Alabama and the U.S.?
Somerville homes sell for $257,500 — 18% below the Alabama median of $312,600. Against the national median of $410,700, Somerville runs 37% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Somerville, AL | $257,500 | not published | 19 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Somerville
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $248 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $257,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Somerville listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Somerville added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Somerville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Somerville
There are currently 2 homes listed for sale in Somerville, Alabama. The median listing price is $248K.
Active listings
2
Homes on market
Median list price
$248K
Avg. days on market
19
Days until sale
New this week
1
Newly listed
How much do homes cost in Somerville by property type?
How the Somerville, AL market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $257,500 | $160/sq ft | 2 | 19 days |
Who lives in Somerville?
American Community Survey estimates for Somerville. U.S. Census ACS, 2023
Population
692
Households
278
Median income
$44,783/yr
Median age
44.6 years
Owner-occupied
57.9%
Median home value
$114,100
Median gross rent
$789/mo
Mean commute
25.6 min
57.9% of occupied homes in Somerville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Somerville?
4 schools tracked · 1,729 students
The largest public schools serving Somerville, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Albert P Brewer High School
Grades 9-12 · 755 students
Union Hill School
Grades PK-8 · 489 students
Cotaco School
Grades PK-8 · 485 students
Morgan County Schools Technology Park
Grades 10-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Somerville, AL?
Ordered by distance from Somerville, not by size. Compare Somerville side by side with any of them.
Somerville housing market FAQ
Is Somerville a buyer's or seller's market?
Somerville, AL is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 19 days, and sellers getting 103.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Somerville?
The median sale price in the last month Redfin published was $257,500, about $160 per square foot.
Is Somerville cheaper than the rest of Alabama?
Somerville's median sale price of $257,500 is 18% lower than the Alabama statewide median of $312,600, and 37% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Somerville?
Homes in Somerville, AL spent a median of 19 days on market before going under contract, versus 57 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Somerville?
At the current 30-year fixed rate of 6.66%, 20% down on a $257,500 home is about $1,324 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $56,735 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $44,783.
Are home prices rising in Somerville?
We do not hold a complete 12-month value series for Somerville, AL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Somerville?
Somerville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Somerville?
That depends on your timeline, not on a headline. What the data says today: Somerville, AL is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $257,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.