Somerset, PA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Somerset, PA is $175,000, up 34.6% year-over-year. Homes sell in an average of 53 days with 16 active listings. The market is currently a buyer's market.
$175,000median sale price
Homes sold
3
Last 12 weeks
Days on market
53
Average pace
Active listings
16
5.3 months supply
Sale-to-list
94.6%
Below asking
Somerset, PA market data
| Metric | Value |
|---|---|
| Median sale price | $175,000 |
| Median list price | $110,000 |
| Year-over-year price change | +34.6% |
| Average days on market | 53 days |
| Active inventory | 16 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 94.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Somerset housing market is currently classified as a buyer's market with a median sale price of $175,000. Prices have risen 34.6% compared to last year, with homes spending an average of 53 days on market, indicating 5.3 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 16 homes listed for sale in Somerset, Pennsylvania. The median listing price is $110K.
Active listings
16
Homes on market
Median list price
$110K
Avg. days on market
53
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Somerset?
The median home sale price in Somerset is $175,000, up 34.6% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 53 days on market before going under contract.
Is Somerset a buyer's or seller's market?
With 5.3 months of supply, Somerset is currently a buyer's market.
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