$89,900
0.33 Acres
Land
#1900958, Stephanie Arinta, Listing Office: RE/MAX ELITE
Is Somers, WI 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, WI
How much do homes in Somers, WI cost?
Median Sold Price
$331,950
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,950(+23.4%)
Key Takeaway
Homes in Somers have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in Somers was $331,950 in November 2024, up 23.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $357K | +197.5% |
| 2 Bedrooms | $215K | $220K | +2.3% |
| 3 Bedrooms | $305K | $331.9K | +8.8% |
| 4 Bedrooms | $520K | $500K | -3.8% |
| 5+ Bedrooms | $712.5K | $805.5K | +13.1% |
Summary: Somers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 197.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Somers | $269K | $331.9K | +23.4% |
| Kenosha | $239.9K | $262K | +9.2% |
| Mount Pleasant | $266.5K | $285K | +6.9% |
Housing Supply in Somers, WI
How many homes are available in Somers, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Somers real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 2 | 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somers, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Somers in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Somers, WI
How long does it take to sell a home in Somers, WI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Somers has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Somers; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
