The Somerset housing market is very competitive. The median sale price of a home in Somerset was $800K last month, up 63.3% since last year. The median sale price per square foot in Somerset is $225, down 16.4% since last year.
What is the housing market like in Somerset today?
In April 2024, Somerset home prices were up 63.3% compared to last year, selling for a median price of $800K. On average, homes in Somerset sell after 6 days on the market compared to 18 days last year. There were 7 homes sold in April this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$800,000
+63.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Somerset, VA
$800,000
+63.3%
United States
To compare other locations to the Somerset and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Gainesville add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Somerset housing market?
Somerset is very competitive. Homes sell in 13 days.
0
100
87
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 13 days.
Hot homes
can sell for about 4% above list price and go pending in around 4 days.
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 Somerset housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Somerset.
Risk Factor
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Somerset has a minor risk of flooding. 16 properties in Somerset are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Somerset. Flood risk is increasing slower than the national average.
32% of properties are at risk of wildfire over the next 30 years
Fire Factor
Somerset has a minor risk of wildfire. There are 207 properties in Somerset that have some risk of being affected by wildfire over the next 30 years. This represents 32% of all properties in Somerset.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Somerset has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Somerset is most at risk from hurricanes. 646 properties in 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 56 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 70 mph.