The Lake Somerset housing market is somewhat competitive. The median sale price of a home in Lake Somerset was $295K last month, up 26.9% since last year. The median sale price per square foot in Lake Somerset is $185, down 22.9% since last year.
What is the housing market like in Lake Somerset today?
In May 2025, Lake Somerset home prices were up 26.9% compared to last year, selling for a median price of $295K. On average, homes in Lake Somerset sell after 73 days on the market compared to 19 days last year. There were 12 homes sold in May this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$294,950
+26.9% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Lake Somerset, FL
$294,950
+26.9%
United States
To compare other locations to the Lake Somerset and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lakeland add value to a home.
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How hot is the Lake Somerset housing market?
Lake Somerset is somewhat competitive. Homes sell in 14 days.
0
100
57
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 14 days.
Hot homes
can sell for around list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.5%
+2.1 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Somerset housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Somerset.
Flood Factor - Minor
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Somerset has a minor risk of flooding. 28 properties in Lake Somerset are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Lake Somerset. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Somerset has a moderate risk of wildfire. There are 939 properties in Lake Somerset that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Lake Somerset.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Somerset has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Somerset is most at risk from hurricanes. 943 properties in Lake Somerset have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 143 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 157 mph.