Housing Prices in Somerset, MD
How much do homes in Somerset, MD cost?
Median List Price
$485,000
$237/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Somerset has increased by 9.6% since last year.
Summary: The median home list price in Somerset was $485,000 in April 2024, up 9.6% from the previous year, and the median price per square foot was $237.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $199K | -0.5% |
| 2 Bedrooms | - | $204.9K | N/A |
| 3 Bedrooms | $445K | $479K | +7.6% |
| 4 Bedrooms | $439.9K | $524.9K | +19.3% |
| 5+ Bedrooms | $472.5K | $505K | +6.9% |
Summary: Somerset housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 6.9%.
Median List Price Compared To Nearby Neighborhoods
| Somerset | $442.5K | $485K | +9.6% |
| Buckingham | $439.5K | $478.7K | +8.9% |
| Meadowbrook | $467.5K | $475K | +1.6% |
Housing Supply in Somerset, MD
How many homes are available in Somerset, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Somerset real estate market had 3 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Somerset 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Days on Market for Somerset, MD
How long does it take to sell a home in Somerset, MD?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 12 Days | -70.9% |
Summary: Homes in Somerset had an average listing age of 12 days in Apr 2024, down by 70.9% compared to the previous year.
