$1,424 Closing Credit*
$119,900
1,010 SqFt
2 Beds
•2 Full Baths
Andre Lauzier, Listing Office: Coldwell Banker Realty
Is Somerset Condominiums, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Somerset Condominiums was a Seller's Market.
Key Takeaway
Somerset Condominiums is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Somerset Condominiums, FL
How much do homes in Somerset Condominiums, FL cost?
Median Sold Price
$121,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,500(+12.6%)
Key Takeaway
Homes in Somerset Condominiums have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Somerset Condominiums was $121,000 in November 2024, up 12.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.9K | $100K | +4.2% |
| 2 Bedrooms | $125K | $135K | +8.0% |
| 3 Bedrooms | $430K | $442.5K | +2.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Somerset Condominiums housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Somerset Condominiums, FL
How many homes are available in Somerset Condominiums, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Somerset Condominiums real estate market had 24 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Somerset Condominiums housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerset Condominiums, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Somerset Condominiums in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Somerset Condominiums, FL
How long does it take to sell a home in Somerset Condominiums, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 42 Days | -41.7% |
Summary: Homes in Somerset Condominiums had an average of 42 days on market in Nov 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Somerset Condominiums are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Somerset Condominiums; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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