The Somerset housing market is very competitive. The median sale price of a home in Somerset was $489K last month, up 8.7% since last year. The median sale price per square foot in Somerset is $285, down 4.4% since last year.
What is the housing market like in Somerset today?
In March 2024, Somerset home prices were up 8.7% compared to last year, selling for a median price of $489K. On average, homes in Somerset sell after 21 days on the market compared to 36 days last year. There were 40 homes sold in March this year, up from 36 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$489,000
+8.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Somerset, MA
$489,000
+8.7%
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 Taunton 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 21 days.
0
100
79
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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 21 days.
Hot homes
can sell for about 5% above list price and go pending in around 17 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
2/10
H H Galligan
Public • K-4
242
Students
5 reviews
2/10
Mulcahey Elementary School
Public • PreK-4
528
Students
2 reviews
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 - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Somerset has a moderate risk of flooding. 364 properties in Somerset are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Somerset. Flood risk is increasing slower than the national average.
31% of properties are at risk of wildfire over the next 30 years
Fire Factor
Somerset has a minor risk of wildfire. There are 1,240 properties in Somerset that have some risk of being affected by wildfire over the next 30 years. This represents 31% of all properties in Somerset.
97% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Somerset has a Major 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. 3,831 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 99 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 106 mph.