$4,749 Closing Credit*
$399,900
1,292 SqFt
4 Beds
•2 Full Baths, 1 Partial
Joseph Moore, Listing Office: RE/MAX Legacy
Is Somerton, PA 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, Somerton has remained a Seller's Market.
Key Takeaway
Somerton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Somerton, PA
How much do homes in Somerton, PA cost?
Median Sold Price
$385,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,250(+6.1%)
Key Takeaway
Homes in Somerton have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Somerton was $385,000 in November 2024, up 6.1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $172K | +1.2% |
| 2 Bedrooms | $252K | $280K | +11.1% |
| 3 Bedrooms | $365K | $385K | +5.5% |
| 4 Bedrooms | $429K | $425K | -0.9% |
| 5+ Bedrooms | $380K | $447.5K | +17.8% |
Summary: Somerton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in Somerton, PA
How many homes are available in Somerton, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 64 | -14.7% |
Summary: The Somerton real estate market had 64 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 43 | 34 | -20.9% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Somerton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerton, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Somerton in November 2024, the same as the previous month. Of the 21 sold homes, 57% were sold under asking, 10% were sold at asking, and 33% were sold over asking.
Days on Market for Somerton, PA
How long does it take to sell a home in Somerton, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 56 Days | +53.4% |
Summary: Homes in Somerton had an average of 56 days on market in Nov 2024, up by 53.4% 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 Somerton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Somerton; 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.
