Housing Prices in Somerset, MD
How much do homes in Somerset, MD cost?
Median List Price
$1,775,000
$620/sqft
Based on all homes listed in the last 12 months.
Difference Since February 2023
Summary: The median home list price in Somerset was $1,775,000 in February 2024, down 33.3% from the previous year, and the median price per square foot was $620.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.1M | $1.3M | +10.5% |
4 Bedrooms | $1.4M | $1.6M | +13.1% |
5+ Bedrooms | $2.7M | $2.9M | +7.8% |
Summary: Somerset housing prices by bedroom type for February 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 10.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Somerset, MD
How many homes are available in Somerset, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Summary: The Somerset real estate market had 6 homes for sale in February 2024, a 50.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Somerset housing inventory by bedroom type for February 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 remained the same, 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 201 Days | +148.6% |
Summary: Homes in Somerset had an average listing age of 201 days in Feb 2024, up by 148.6% compared to the previous year.