Is Somers, NY 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.
Key Takeaway
Somers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Somers, NY
How much do homes in Somers, NY cost?
Median Sold Price
$640,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Somers have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Somers was $640,000 in April 2024, up 9.9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $388.2K | $437.5K | +12.7% |
| 2 Bedrooms | $503.2K | $535K | +6.3% |
| 3 Bedrooms | $657.5K | $674.5K | +2.6% |
| 4 Bedrooms | $795K | $902.2K | +13.5% |
| 5+ Bedrooms | $1.0M | $889.5K | -14.9% |
Summary: Somers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Somers | $582.5K | $640K | +9.9% |
| Katonah | $925K | $880K | -4.9% |
Housing Supply in Somers, NY
How many homes are available in Somers, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 99 | +22.2% |
Summary: The Somers real estate market had 99 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Somers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Somers in April 2024, up by 50.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 14% were sold at asking, and 52% were sold over asking.
Days on Market for Somers, NY
How long does it take to sell a home in Somers, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 46 Days | -28.2% |
Summary: Homes in Somers had an average of 46 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Somers are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Somers; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.