Is Somers, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Somers has remained a Seller's Market.
Key Takeaway
Somers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Somers, CT
How much do homes in Somers, CT cost?
Median Sold Price
$420,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Somers have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Somers was $420,000 in March 2024, up 6.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $385K | $409.6K | +6.4% |
| 3 Bedrooms | $376K | $382K | +1.6% |
| 4 Bedrooms | $499.9K | $532.2K | +6.5% |
| 5+ Bedrooms | $420.7K | $490.5K | +16.6% |
Summary: Somers housing prices by bedroom type for March 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 1.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Hampden | $345K | $400K | +15.9% |
| Stafford | $251K | $275.5K | +9.8% |
| Ellington | $355K | $378K | +6.5% |
| Somers | $395K | $420K | +6.3% |
| East Longmeadow | $360K | $370K | +2.8% |
Housing Supply in Somers, CT
How many homes are available in Somers, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Somers real estate market had 32 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Somers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Somers in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Somers, CT
We’re sorry, we don't have information for this market at the moment
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