Somerset, PA Home Values & Market Trends
Real estate market trends reflect that there have been 162 transactions over the past year in Somerset. The median value for residential home transactions that occurred over the previous year is $176,003.4. The number of current listings in Somerset is 14, and the percentage of properties for sale in the city is 14.00%. Somerset, PA currently has 2 properties in foreclosure, 2 bank owned properties, 0 properties headed for auction, and 14 properties for sale.
Somerset, PA Real Estate Market Overview
Housing Market Summary for Somerset, PA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $145K | $184.8K | 27.45% |
| Median Sold Price | $175K | $184.8K | 5.60% |
| Homes For Sale | 7 | 14 | 100.00% |
| Homes Sold | 98 | 101 | 3.06% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Somerset, PA
Browse Homes in Somerset, PA
Somerset home values range from $14,550 to $60,258,382. The median estimated value of a home in Somerset is $176,003.4. The median list price of a home is 209,500, and the total count of properties in the city is 5,374.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Somerset, PA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Somerset, PA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerset, PA ranges from the highest value of $376,119 in 15501 to the lowest value of $176,213 in 15501. Bank owned homes and properties account for 0.04% of properties in Somerset, PA. There are 2 zips within Somerset, PA; 15501 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Somerset, PA. Auction homes and other auction properties account for 0% of all properties in Somerset, PA. There are 2 zips within Somerset, PA; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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More Real Estate Resources for Somerset, PA
Guide for Somerset, PA
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Pennsylvania Foreclosure Laws
Learn how a short sale can stop the foreclosure process.