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

-$884,937(-33.3%)

Key Takeaway

The list price of homes in Somerset has decreased by 33.3% since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M$1.3M
+10.5%
4 $1.4M$1.6M
+13.1%
5+ $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 2024Feb 2024CHANGE
46+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 11
0.0%
5+ 35
+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 2023Feb 2024CHANGE
81 Days201 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.

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

Report Updated 28 Days Ago

Newest Listings in Somerset, MD

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