Somerville, TN
Housing market overview · Updated weekly
$273,000median sale price
Homes sold
2
Last 12 weeks
Days on market
90
Average pace
Active listings
13
6.5 months supply
Sale-to-list
99.1%
Below asking
The Somerville housing market is currently classified as a buyer's market with a median sale price of $273,000. Prices have fallen 19.2% compared to last year, with homes spending an average of 90 days on market, indicating 6.5 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 Somerville
There are currently 13 homes listed for sale in Somerville, Tennessee. The median listing price is $354K.
Active listings
13
Homes on market
Median list price
$354K
Avg. days on market
90
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Somerville?
The median home sale price in Somerville is $273,000, down 19.2% from last year.
How long do homes stay on market in Somerville?
Homes typically spend 90 days on market before going under contract.
Is Somerville a buyer's or seller's market?
With 6.5 months of supply, Somerville is currently a buyer's market.
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