Somerset, KY
Housing market overview · Updated weekly
$258,500median sale price
Homes sold
7
Last 12 weeks
Days on market
101
Average pace
Active listings
56
8.0 months supply
Sale-to-list
96.2%
Below asking
The Somerset housing market is currently classified as a buyer's market with a median sale price of $258,500. Prices have risen 10.3% compared to last year, with homes spending an average of 101 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Somerset
There are currently 56 homes listed for sale in Somerset, Kentucky. The median listing price is $425K.
Active listings
56
Homes on market
Median list price
$425K
Avg. days on market
101
Days until sale
New this week
4
Newly listed
Explore nearby cities in KY
Frequently asked questions
What is the average home price in Somerset?
The median home sale price in Somerset is $258,500, up 10.3% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 101 days on market before going under contract.
Is Somerset a buyer's or seller's market?
With 8.0 months of supply, Somerset is currently a buyer's market.
Get Somerset market alerts
Weekly updates on prices, inventory, and trends. Free forever.