Housing Prices in Somerset, MD

How much do homes in Somerset, MD cost?

Median List Price

$1,975,000

$633/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$200,000(+11.3%)

Key Takeaway

The list price of homes in Somerset has increased by 11.3% since last year.

Summary: The median home list price in Somerset was $1,975,000 in May 2024, up 11.3% from the previous year, and the median price per square foot was $633.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.2M$1.3M
+5.9%
4 $1.5M$1.5M
+6.6%
5+ $2.6M$3.4M
+29.9%

Summary: Somerset housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 29.9%.

Housing Supply in Somerset, MD

How many homes are available in Somerset, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
47+75.0%

Summary: The Somerset real estate market had 7 homes for sale in May 2024, a 75.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 12
+100.0%
5+ 35
+66.7%

Summary: The Somerset housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.

Days on Market for Somerset, MD

How long does it take to sell a home in Somerset, MD?

Average Listing Age

May 2023May 2024CHANGE
41 Days31 Days-24.2%

Summary: Homes in Somerset had an average listing age of 31 days in May 2024, down by 24.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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MLS Disclaimers and Copyright

Based on information from BrightMLS for the period 06/01/2022 - 06/01/2024

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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