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Featured local agent — Somerset, IN
Sarah Mitchell
Compass Real Estate · Somerset, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somerset, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$257,500median sale price
How is the Somerset, IN housing market right now?
The median home sale price in Somerset, IN is $257,500. Homes sell in an average of 23 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Somerset a buyer's or seller's market?
Somerset, IN is currently a seller's market, based on 1.0 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
23
Average pace
Active listings
1
1.0 months supply
Sale-to-list
100.0%
Above asking
What does the Somerset housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $257,500 |
| Average days on market | 23 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Somerset by property type?
How the Somerset, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $257,500 | $138/sq ft | 1 | 23 days |
Source: Redfin · Updated monthly
The Somerset housing market is currently classified as a seller's market with a median sale price of $257,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 23 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Somerset
There are currently 1 homes listed for sale in Somerset, Indiana.
Active listings
1
Homes on market
Avg. days on market
23
Days until sale
Who lives in Somerset?
Population
241
Median income
$105,272/yr
Median age
56.9 years
Owner-occupied
77.5%
College grads
18.3%
Source: U.S. Census Bureau ACS
What is it like to live in Somerset?
Somerset is a community of approximately 0K residents with a median age of 56.9 years.The median household income is $105,272, which reflects a relatively affluent area with strong earning potential. 18.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.5%, reflecting strong community stability and long-term resident commitment.Overall, Somerset offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Somerset, IN?
Want a head-to-head view? Compare Somerset side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Somerset?
The median home sale price in Somerset is $257,500, down 0.0% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 23 days on market before going under contract.
What is the median income in Somerset?
The median household income is $105,272 per year.
Is Somerset a buyer's or seller's market?
With 1.0 months of supply, Somerset is currently a seller's market.
How much does a single-family home cost in Somerset?
The median single-family home price in Somerset, IN is $257,500 (about $138 per square foot).
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