$3,319 Closing Credit*
$279,500
2,284 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amy Reeping, Listing Office: Berkshire Hathaway The Preferred Realty
Is Somerset Township, PA 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 Seller's Market.
Key Takeaway
Somerset Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Somerset Township, PA
How much do homes in Somerset Township, PA cost?
Median Sold Price
$190,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,500(+2.4%)
Key Takeaway
Homes in Somerset Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Somerset Township was $190,000 in October 2024, up 2.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $50.5K | -46.8% |
| 2 Bedrooms | $134K | $110.5K | -17.5% |
| 3 Bedrooms | $187K | $199K | +6.4% |
| 4 Bedrooms | $185K | $223.7K | +20.9% |
| 5+ Bedrooms | $348.5K | $219.5K | -37.0% |
Summary: Somerset Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 37%.
Median Sold Price Compared To Nearby Cities
| Somerset Township | $185.5K | $190K | +2.4% |
| Eighty Four | $400K | $380K | -5.0% |
Housing Supply in Somerset Township, PA
How many homes are available in Somerset Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Somerset Township real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
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 increased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Somerset Township in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Somerset Township, PA
How long does it take to sell a home in Somerset Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 37 Days | -46.9% |
Summary: Homes in Somerset Township had an average of 37 days on market in Oct 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Somerset Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Somerset Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
