Is Somers, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Somers has remained a Seller's Market.
Housing Prices in Somers, WI
How much do homes in Somers, WI cost?
Median Sold Price
$305,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Somers was $305,000 in May 2024, up 13.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $105K | -22.2% |
2 Bedrooms | $202.4K | $220K | +8.7% |
3 Bedrooms | $289K | $315K | +9.0% |
4 Bedrooms | $460K | $527.5K | +14.7% |
5+ Bedrooms | $680K | $775.2K | +14.0% |
Summary: Somers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
Somers | $268.9K | $305K | +13.4% |
Mount Pleasant | $265K | $295K | +11.3% |
Kenosha | $232.7K | $250K | +7.4% |
Housing Supply in Somers, WI
How many homes are available in Somers, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Somers real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Somers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Somers in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Somers, WI
We’re sorry, we don't have information for this market at the moment