Housing Prices in Somerset, NY

How much do homes in Somerset, NY cost?

Median List Price

$227,450

$146/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$47,550(+26.4%)

Key Takeaway

The list price of homes in Somerset has increased by 26.4% since last year.

Summary: The median home list price in Somerset was $227,450 in May 2024, up 26.4% from the previous year, and the median price per square foot was $146.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$220K
N/A
2 $165K$172.4K
+4.5%
3 $179.9K$274.9K
+52.8%
4 $175K-
N/A
5+ $229.9K$198.4K
-13.7%

Summary: Somerset housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 52.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 13.7%.

Median List Price Compared To Nearby Cities

Appleton
+104.6%
Yates
+39.1%
Somerset
+26.4%
Barker
+25.7%
Gasport
+25.0%

Housing Supply in Somerset, NY

How many homes are available in Somerset, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97-22.2%

Summary: The Somerset real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 42
-50.0%
3 44
0.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The Somerset housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Days on Market for Somerset, NY

How long does it take to sell a home in Somerset, NY?

Average Listing Age

May 2023May 2024CHANGE
110 Days54 Days-50.1%

Summary: Homes in Somerset had an average listing age of 54 days in May 2024, down by 50.1% compared to the previous year.

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

Report Updated 1 Day Ago

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Newest Listings in Somerset, NY

Nearby Markets to Somerset, NY

MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS for the period 06/01/2022 - 06/01/2024

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/2/2024, 6:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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