$10,000 Closing Credit*
$980,000
4,126 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Houlihan Lawrence Inc.
Is Somers, NY 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, NY
How much do homes in Somers, NY cost?
Median Sold Price
$650,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+4.0%)
Key Takeaway
Homes in Somers have sold for 4% more than they did a year ago.
Summary: The median home sold price in Somers was $650,000 in November 2024, up 4% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.7K | $410K | -6.6% |
| 2 Bedrooms | $508K | $560K | +10.2% |
| 3 Bedrooms | $675K | $677K | 0.3% |
| 4 Bedrooms | $902.2K | $973K | +7.8% |
| 5+ Bedrooms | $824K | $1.1M | +33.5% |
Summary: Somers housing prices by bedroom type for November 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 increased by 0.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Katonah | $880.3K | $999.9K | +13.6% |
| Somers | $625K | $650K | +4.0% |
Housing Supply in Somers, NY
How many homes are available in Somers, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 65 | -25.3% |
Summary: The Somers real estate market had 65 homes for sale in November 2024, a 25.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 17 | 10 | -41.2% |
| 4 Bedrooms | 24 | 15 | -37.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 decreased by 18.8%, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Somers in November 2024, down by 22.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -15.2% |
Summary: Homes in Somers had an average of 24 days on market in Nov 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 21 homes were sold in Somers; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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.