$4,750 Closing Credit*
$400,000
1,532 SqFt
3 Beds
•2 Full Baths
Nicholas Rau, Listing Office: KW Empower
Is Somerton, 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, 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
$380,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+4.8%)
Key Takeaway
Homes in Somerton have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Somerton was $380,000 in October 2024, up 4.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $172K | +1.2% |
| 2 Bedrooms | $255K | $275K | +7.8% |
| 3 Bedrooms | $364K | $380K | +4.4% |
| 4 Bedrooms | $432.5K | $427.5K | -1.2% |
| 5+ Bedrooms | $430K | $425K | -1.2% |
Summary: Somerton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in Somerton, PA
How many homes are available in Somerton, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 80 | +14.3% |
Summary: The Somerton real estate market had 80 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Somerton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerton, expect to pay close to the asking price. 38.1% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Somerton in October 2024, up by 31.3% month-over-month. Of the 21 sold homes, 33% were sold under asking, 38% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -12.8% |
Summary: Homes in Somerton had an average of 19 days on market in Oct 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
17 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 Somerton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Somerton; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
