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Featured local agent — Somerset, WI
Sarah Mitchell
Compass Real Estate · Somerset, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Somerset, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$417,500median sale price
How is the Somerset, WI housing market right now?
The median home sale price in Somerset, WI is $417,500, up 30.5% year-over-year. Homes sell in an average of 30 days with 11 active listings. The market is currently a seller's 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, WI is currently a seller's market, based on 1.4 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
30
Average pace
Active listings
11
1.4 months supply
Sale-to-list
99.6%
Below asking
What does the Somerset housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $417,500 |
| Median list price | $422,450 |
| Year-over-year price change | +30.5% |
| Average days on market | 30 days |
| Active inventory | 11 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $175/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 14 |
| Listings with a price cut | 18.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Somerset by property type?
How the Somerset, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $417,500 | $175/sq ft | 8 | 30 days |
| Condo / Co-op | $198,000 | $177/sq ft | 1 | 16 days |
| Townhouse | $262,500 | $150/sq ft | 2 | 59 days |
Source: Redfin · Updated monthly
The Somerset housing market is currently classified as a seller's market with a median sale price of $417,500. Prices have risen 30.5% compared to last year, with homes spending an average of 30 days on market, indicating 1.4 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 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Somerset
There are currently 11 homes listed for sale in Somerset, Wisconsin. The median listing price is $422K.
Active listings
11
Homes on market
Median list price
$422K
Avg. days on market
30
Days until sale
New this week
14
Newly listed
Who lives in Somerset?
Population
3,084
Median income
$76,176/yr
Median age
27.8 years
Owner-occupied
58.2%
College grads
24.3%
Avg commute
27.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Somerset?
Zillow home value
$423,188
Zillow rent index
$1,908/mo
Price-to-rent ratio
18.5x
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Somerset?
Somerset is a community of approximately 3K residents with a median age of 27.8 years.The median household income is $76,176, which reflects a relatively affluent area with strong earning potential. 24.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.2%, showing a blend of owner and renter-occupied properties. The average commute time is 27.6 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?
3 schools tracked · 1,452 students
The largest public schools serving Somerset, WI 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.
Somerset Elementary
Grades PK-4 · 567 students
Somerset High
Grades 9-12 · 464 students
Somerset Middle
Grades 5-8 · 421 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, WI?
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 18.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 30.5% year-over-year, reflecting ongoing demand and value growth.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 $417,500, up 30.5% from last year.
How long do homes stay on market in Somerset?
Homes typically spend 30 days on market before going under contract.
What is the median income in Somerset?
The median household income is $76,176 per year.
Is Somerset a buyer's or seller's market?
With 1.4 months of supply, Somerset is currently a seller's market.
What is the Zillow home value estimate for Somerset?
The Zillow Home Value Index (ZHVI) for Somerset is $423,188, 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, WI is $198,000, compared to $417,500 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, WI is $417,500 (about $175 per square foot).
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