$475 Closing Credit*
$40,000
1,232 SqFt
3 Beds
•1 Full Bath
Kathy Armstrong, Listing Office: Keller Williams Realty
Is Somerset County, PA 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 County was a Seller's Market.
Key Takeaway
Somerset County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Somerset County, PA
How much do homes in Somerset County, PA cost?
Median Sold Price
$199,700
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,266(-0.6%)
Key Takeaway
Homes in Somerset County have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Somerset County was $199,700 in November 2024, down 0.6% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.7K | $50.5K | -64.4% |
| 2 Bedrooms | $147K | $150K | +2.0% |
| 3 Bedrooms | $190K | $228K | +20.0% |
| 4 Bedrooms | $315K | $196K | -37.8% |
| 5+ Bedrooms | $465K | $402K | -13.5% |
Summary: Somerset County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Westmoreland County | $194.9K | $209K | +7.2% |
| Fayette County | $158.8K | $162.2K | +2.2% |
| Somerset County | $200.9K | $199.7K | -0.6% |
Housing Supply in Somerset County, PA
How many homes are available in Somerset County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 169 | 165 | -2.4% |
Summary: The Somerset County real estate market had 165 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 86 | 82 | -4.7% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Somerset County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerset County, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Somerset County in November 2024, down by 24.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for Somerset County, PA
How long does it take to sell a home in Somerset County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 48 Days | +9.7% |
Summary: Homes in Somerset County had an average of 48 days on market in Nov 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Somerset County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Somerset County; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.