$10,000 Closing Credit*
$850,000
6,040 SqFt
3 Beds
•4 Full Baths, 1 Partial
Jaquan Jones, Listing Office: RE/MAX Right Choice
Is Somers, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$425,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,900(+7.8%)
Key Takeaway
Homes in Somers have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Somers was $425,500 in October 2024, up 7.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $394.6K | $414K | +4.9% |
| 3 Bedrooms | $357.5K | $402.7K | +12.7% |
| 4 Bedrooms | $459.9K | $525K | +14.2% |
| 5+ Bedrooms | $517.5K | $599.9K | +15.9% |
Summary: Somers housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Hampden | $375K | $409.9K | +9.3% |
| Somers | $394.6K | $425.5K | +7.8% |
| Ellington | $380.5K | $395K | +3.8% |
| Stafford | $263.5K | $267.2K | +1.4% |
| East Longmeadow | $381.2K | $385K | +1.0% |
Housing Supply in Somers, CT
How many homes are available in Somers, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Summary: The Somers real estate market had 37 homes for sale in October 2024, a 27.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Somers housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Somers in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Somers, CT
We’re sorry, we don't have information for this market at the moment
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