Is Somers, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Somers has remained a Seller's Market.
Housing Prices in Somers, CT
How much do homes in Somers, CT cost?
Median Sold Price
$425,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Somers was $425,000 in May 2024, up 7.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $385.5K | $365K | -5.3% |
3 Bedrooms | $360K | $395K | +9.7% |
4 Bedrooms | $499.9K | $533.5K | +6.7% |
5+ Bedrooms | $420.7K | $481K | +14.3% |
Summary: Somers 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 decreased by 5.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
Hampden | $350K | $405K | +15.7% |
Stafford | $255.5K | $275.5K | +7.8% |
Somers | $394.6K | $425K | +7.7% |
Ellington | $360K | $372K | +3.3% |
East Longmeadow | $360K | $369.9K | +2.8% |
Housing Supply in Somers, CT
How many homes are available in Somers, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Summary: The Somers real estate market had 32 homes for sale in May 2024, a 8.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Somers 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 decreased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Somers in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Somers, CT
We’re sorry, we don't have information for this market at the moment