Home Sales Decline in Somerset Real Estate Market

The Somerset market stayed soft with one home sold in the last 30 days, a 50.0% sales drop. Within the same time frame, the Eagle Rock neighborhood had 26 sales, the most of all neighborhoods in the area. Potential buyers should note that prices went up in Somerset, with the median for this period rising from $342,500 to $827,000. With decreasing sales and the availability of eight months of inventory, Somerset is a solid buyer's market.

If you're looking for a home with a large living area, then be sure to see these listings that provides more space than any other in Somerset:

$799K   $649K   $729K  

Get started right now by checking out Somerset homes for sale or reviewing Somerset real estate trends.

Demographic facts for Somerset:

  • There are a total of 2,939 households here.
  • The area's unemployment rate is 10.1%.
  • Schools spend an average of $5,332 for each student in this area. ($5,691 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
HL REALTY GROUP
3 reviews
Keller Williams Larchmont
Snapped 5 homes in this area
Re/Max Optima
Snapped 5 homes in this area

Agents that specialize in this area
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