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Featured local agent — Somerset, KY
Sarah Mitchell
Compass Real Estate · Somerset, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somerset, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$253,000median sale price
How is the Somerset, KY housing market right now?
The median home sale price in Somerset, KY is $253,000, down 4.2% year-over-year. Homes sell in an average of 56 days with 50 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — 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, KY is currently a balanced market, based on 2.0 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
56
Average pace
Active listings
50
2.0 months supply
Sale-to-list
95.6%
Below asking
What does the Somerset housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $253,000 |
| Median list price | $259,900 |
| Year-over-year price change | -4.2% |
| Average days on market | 56 days |
| Active inventory | 50 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 95.6% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 25 |
| New listings (latest month) | 23 |
| Listings with a price cut | 36.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Somerset by property type?
How the Somerset, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $253,000 | $141/sq ft | 23 | 58 days |
| Condo / Co-op | $230,000 | $155/sq ft | 1 | 224 days |
| Townhouse | $155,000 | $83/sq ft | 1 | 45 days |
Source: Redfin · Updated monthly
The Somerset housing market is currently classified as a balanced market with a median sale price of $253,000. Prices have fallen 4.2% compared to last year, with homes spending an average of 56 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Somerset
There are currently 50 homes listed for sale in Somerset, Kentucky. The median listing price is $260K.
Active listings
50
Homes on market
Median list price
$260K
Avg. days on market
56
Days until sale
New this week
23
Newly listed
Who lives in Somerset?
Population
12,108
Median income
$32,910/yr
Median age
39.1 years
Owner-occupied
42.9%
College grads
16.9%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Somerset?
Zillow home value
$202,527
Zillow rent index
$1,246/mo
Price-to-rent ratio
13.5x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Somerset?
Somerset is a community of approximately 12K residents with a median age of 39.1 years.The median household income is $32,910, which represents a working-class community with solid middle-income opportunities. 16.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 42.9%, showing a blend of owner and renter-occupied properties. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Somerset offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Somerset?
15 schools tracked · 8,458 students
The largest public schools serving Somerset, KY 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.
Southwestern High School
Grades 9-12 · 1,203 students
Pulaski County High School
Grades 9-12 · 1,173 students
Southern Middle School
Grades 6-8 · 831 students
Northern Middle School
Grades 6-8 · 797 students
Hopkins Elementary School
Grades PK-4 · 698 students
Southern Elementary School
Grades K-5 · 646 students
Pulaski Elementary School
Grades K-5 · 559 students
Oak Hill Elementary School
Grades K-5 · 538 students
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 Somerset, KY?
Want a head-to-head view? Compare Somerset side-by-side with any other U.S. city using our market-comparison tool.
Is Somerset a good real estate investment market?
For investors evaluating Somerset, the price-to-rent ratio of 13.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 4.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Somerset's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Somerset's median home price.
Frequently asked questions
What is the average home price in Somerset?
The median home sale price in Somerset is $253,000, down 4.2% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 56 days on market before going under contract.
What is the median income in Somerset?
The median household income is $32,910 per year.
Is Somerset a buyer's or seller's market?
With 2.0 months of supply, Somerset is currently a balanced market.
What is the Zillow home value estimate for Somerset?
The Zillow Home Value Index (ZHVI) for Somerset is $202,527, representing the typical home value in the area.
What is the median condo price in Somerset?
The median condo/co-op sale price in Somerset, KY is $230,000, compared to $253,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Somerset?
The median single-family home price in Somerset, KY is $253,000 (about $141 per square foot).
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