$99,000
0.92 Acres
Land
Lauren Iraeta, Listing Office: KW Legacy Partners
Is Somers, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, CT
How much do homes in Somers, CT cost?
Median Sold Price
$428,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+8.4%)
Key Takeaway
Homes in Somers have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Somers was $428,000 in November 2024, up 8.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $400K | $375K | -6.3% |
| 3 Bedrooms | $374K | $410.5K | +9.8% |
| 4 Bedrooms | $480K | $520K | +8.3% |
| 5+ Bedrooms | $517.5K | $550K | +6.3% |
Summary: Somers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Somers | $395K | $428K | +8.4% |
| Hampden | $382.5K | $407.9K | +6.7% |
| Ellington | $375.5K | $400K | +6.5% |
| Stafford | $265K | $276K | +4.2% |
| East Longmeadow | $380K | $388.4K | +2.2% |
Housing Supply in Somers, CT
How many homes are available in Somers, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The Somers real estate market had 32 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Somers housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Somers in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Somers, CT
How long does it take to sell a home in Somers, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 9 homes were sold in Somers; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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