$1,182 Closing Credit*
$99,500
1,692 SqFt
2 Beds
•1 Full Bath
Rachel Davenport, Listing Office: RE/MAX Realty Central
Is Somerset Township, IL 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, Somerset Township has remained a Buyer's Market.
Key Takeaway
Somerset Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Somerset Township, IL
How much do homes in Somerset Township, IL cost?
Median Sold Price
$130,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-16.1%)
Key Takeaway
Homes in Somerset Township have sold for 16.1% less than they did a year ago.
Summary: The median home sold price in Somerset Township was $130,000 in October 2024, down 16.1% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $73.2K | -2.3% |
| 3 Bedrooms | $159K | $158.5K | -0.3% |
| 4 Bedrooms | $208.5K | $140K | -32.9% |
| 5+ Bedrooms | $143K | - | N/A |
Summary: Somerset Township 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 decreased by 2.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 32.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Murphysboro | $105K | $113.5K | +8.1% |
| Murphysboro Township | $112K | $115K | +2.7% |
| Somerset Township | $155K | $130K | -16.1% |
Housing Supply in Somerset Township, IL
How many homes are available in Somerset Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Somerset Township real estate market had 10 homes for sale in October 2024, a 28.6% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Somerset Township 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 decreased by 33.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerset Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Somerset Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Somerset Township, IL
How long does it take to sell a home in Somerset Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 54 Days | -26.0% |
Summary: Homes in Somerset Township had an average of 54 days on market in Oct 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Somerset Township has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Somerset Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.