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Somerset Housing Market

$157,025

1.1% 1-yr

The average Somerset home value is $157,025, up 1.1% over the past year and goes to pending in around 37 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Somerset Key Takeaways

Typical Home Values: $157,025

1-year Value Change: +1.1%

(Data through March 31, 2025)

Somerset Housing Market Overview

--1-year Market Forecast
157For sale inventory(March 31, 2025)
35New listings(March 31, 2025)
0.969Median sale to list ratio(February 28, 2025)
$188,083Median sale price(February 28, 2025)
$229,567Median list price(March 31, 2025)
20.3%Percent of sales over list price(February 28, 2025)
65.5%Percent of sales under list price(February 28, 2025)
37Median days to pending(March 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Gray

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Somerset Rental Market Trends

--Average rent in Somerset
$2,005National average rent(March 31, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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