New Increase in Home Sales for Somerset Real Estate Market

The Somerset market saw sales reduction 20.0% this week but it is currently in the midst of a recent upward sales trend, including four homes sold over the last 30 days. The median sales price climbed to $673,500 over the latest reporting period for Somerset, up from $580,000. With only three months of inventory to sell, Somerset is a seller's market, in spite of the dip in sales.

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$999K   $699K   $645K  

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Demographic facts about Somerset:

  • The population growth rating is 61. (Scale: 1 = Worst, 100 = Best)
  • This area has 257.5 physicians per 100,000 people.
  • This area has a health cost index score of 110.6. (100 = national average)
  • 75.8% of the residents travel to work in an automobile, 7.2% via carpool, and 4.7% by way of public transit.

Data reported through 10/12/2016

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