$510K  
The Somerton market will be getting more competitive in the short term. Sales have fallen this week to 21 homes sold over the last 30 days, and there is also a confirmed upward trend of new listings, with 42 going live in the same time frame. As new listings came into the market, the median sales price continued to climb, trending upwards for four weeks to reach $218,000. There are only three months of inventory available in Somerton, so it's a seller's market, even with the decrease in sales.
Comments:

The population of Somerton ranks as the second-youngest in Philadelphia with a median age of 47 years. It is also considered very affluent with a median income of $56,726 per household. The Somerton market mostly consists of detached houses, accounting for 58% of the current homes in the area. The best school in the neighborhood is Mast Community Charter School.
Comments:

$499K  
Despite holding steady in sales this week, the Somerton market extended a six-week hot streak with a total of 23 homes sold over the last 30 days. The median sales price climbed to $209,900 over the latest reporting period for Somerton, up from $209,000. In spite of flat sales, a low three months of inventory signals that Somerton is a seller's market.
Comments:

$177K  
With home sales in the Somerton market already below average, in this week's report they slid 20.0% to 16 homes sold over the last 30 days. Within the same time frame, the Mayfield neighborhood had 48 sales, the most of all neighborhoods in the area. Potential buyers should take note that the median sales price in Somerton stayed flat at $208,450 and that there are four months of inventory still available.
Comments:

$499K  
The Somerton market seems to be in flux. The number of contracts executed fell to 17, the lowest levels in three months. However, sales seem to be trending upward, climbing to 20 homes sold over the last 30 days. In comparison, the Mayfield neighborhood had 58 contracts executed in the same time frame, the most of all close-by neighborhoods. The median sales price climbed to $208,450, up from last week's $207,900. With only three months of inventory and rising sales, Somerton is a seller's market.
Comments:

$499K  
The number of home sales in the Somerton market climbed 36.4% to 15 homes over the last 30 days. To put it in perspective, the close-by Mayfield neighborhood registered 48 homes sold in those same 30 days, the most of all surrounding neighborhoods. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $207,900 this week.
Comments:

$204K  
Somerton is an average-sized neighborhood in Philadelphia with a population of 14,458 residents, and it has a much lower than average density compared to the rest of the city, with 6,966.2 people per square mile. Keep in mind, most people in Somerton own their homes, with a 71.2% ownership ratio. Heading the list of top schools in the neighborhood is Mast Community Charter School.
Comments:

$365K  
The Somerton market recorded 11 home sales over the last 30 days. Also, a record number 35 new listings were posted, the highest since October. During the same time frame, Mayfield county had the most new listings of any other close-by neighborhood with 74. The median sales price dropped to $170,000, down from last week's $181,400.
Comments:

$199K  
In this week's report, the number of homes sold in the Somerton market dropped to 11 over the past 30 days, a decrease of 15.4% from last week's report. Within the same time frame, the Mayfield neighborhood had 41 sales, the most of all neighborhoods in the area. The median sales price dropped to $181,400 over the latest reporting period for Somerton, down from $205,000.
Comments:

$229K  
The Somerton market saw sales remain flat this week with 13 homes sold over the last 30 days, while new listings climbed to 32. Potential buyers should note that there are now four months of inventory available in Somerton and prices have come down. The median sales price dropped to $205,000.
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