Somerset, MD Housing Market
In September 2024, Somerset home prices were down 19.5% compared to last year, selling for a median price of $2.4M.
since last year
since last year
Somerset Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Somerset from outside metros.
- Philadelphia homebuyers searched to move into Somerset more than any other metro followed by New York and Hartford.
- 82% of Somerset homebuyers searched to stay within the Somerset metropolitan area.
- Salisbury was the most popular destination among Somerset homebuyers followed by Virginia Beach and Harrisburg.
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,327 | ||
| 2 | 2,017 | ||
| 3 | 1,764 | ||
| 4 | 1,063 | ||
| 5 | 215 | ||
| 6 | 17 | ||
| 7 | 5 | ||
| 8 | 5 | ||
| 9 | 4 | ||
| 10 | 4 | ||
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,673 | ||
| 2 | 2,097 | ||
| 3 | 1,595 | ||
| 4 | 1,339 | ||
| 5 | 1,287 | ||
| 6 | 1,227 | ||
| 7 | 981 | ||
| 8 | 858 | ||
| 9 | 727 | ||
| 10 | 695 | ||
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Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Somerset.
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