Somerset Real Estate Market Sees Sales On the Rise

The number of home sales in the Somerset market jumped 200.0% to six homes over the last 30 days, exceeding the 4.6 monthly average for the last 12 months. Within the same time frame, Hudson had 31 sales, the most of all cities in the area. Prices are coming down in Somerset, as the median sales price dropped to $194,025, while months of inventory also plummeted to four.

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Demographic facts about Somerset:

  • This area has a population growth rating of 80. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 90.1 for every 100,000 people.
  • This area has a health cost index score of 106.0. (100 = national average)
  • 81.8% of the residents commute to work alone in their car, 11.2% via carpool, and 0.2% by way of public transit.

Data reported through 10/12/2016

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