$230,000
2,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Advantage Real Estate Na
September 2024
Report Updated 29 Days Ago
Is Somerville, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Somerville has remained a Seller's Market.
How much do homes in Somerville, AL cost?
$280,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Somerville was $280,000 in September 2024, down 0.9% from last year, and the median price per square foot was $158.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $192.4K | -23.0% |
3 Bedrooms | $271.5K | $250K | -7.9% |
4 Bedrooms | $380K | $369.8K | -2.7% |
5+ Bedrooms | $625K | - | N/A |
Summary: Somerville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes did not change.
How many homes are available in Somerville, AL?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
20 | 17 | -15.0% |
Summary: The Somerville real estate market had 17 homes for sale in September 2024, a 15.0% decrease compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Somerville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Somerville in September 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
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Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 29 Days Ago
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See More ListingsMLS Disclaimers and Copyright
Based on information from ValleyMLS for the period 10/01/2022 - 10/01/2024
The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2024 Valley MLS, Inc.
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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