Is Somers, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$422,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Somers was $422,500 in April 2024, up 7.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $385K | $409.6K | +6.4% |
3 Bedrooms | $367.5K | $395K | +7.5% |
4 Bedrooms | $499.9K | $533.5K | +6.7% |
5+ Bedrooms | $420.7K | $481K | +14.3% |
Summary: Somers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7.5%, 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 | $250.5K | $276.2K | +10.3% |
Somers | $394.2K | $422.5K | +7.2% |
Ellington | $356K | $371K | +4.2% |
East Longmeadow | $360K | $370K | +2.8% |
Housing Supply in Somers, CT
How many homes are available in Somers, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The Somers real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Somers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Somers in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.
Days on Market for Somers, CT
We’re sorry, we don't have information for this market at the moment