$10,000 Closing Credit*
$949,000
2,500 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Billingsley Realty
Is Somers, NY 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, NY
How much do homes in Somers, NY cost?
Median Sold Price
$649,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+4.7%)
Key Takeaway
Homes in Somers have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Somers was $649,000 in October 2024, up 4.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.5K | $408.7K | -6.6% |
| 2 Bedrooms | $508K | $560K | +10.2% |
| 3 Bedrooms | $675K | $669.5K | -0.8% |
| 4 Bedrooms | $900K | $979K | +8.8% |
| 5+ Bedrooms | $824K | $1.0M | +29.7% |
Summary: Somers housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Katonah | $875.7K | $999.9K | +14.2% |
| Somers | $620K | $649K | +4.7% |
Housing Supply in Somers, NY
How many homes are available in Somers, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 90 | -4.3% |
Summary: The Somers real estate market had 90 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 31 | 32 | +3.2% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
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 3.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Somers in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Somers, NY
How long does it take to sell a home in Somers, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +10.5% |
Summary: Homes in Somers had an average of 37 days on market in Oct 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Somers has remained consistent over time.
Summary: During October 2024, 26 homes were sold in Somers; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.