Somerset, PA metro area Housing Market
Cold MarketComprehensive housing market data for the Somerset, PA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$155K
↓ 18.0% YoY
Days on Market
85 days
↑ 19.7% YoY
Active Inventory
145
↑ 16.9% YoY
Homes Sold
36
↓ 10.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Somerset, PA metro area Market Summary
The Somerset, PA metro area housing market is cooling down. As of March 2026, the median home sale price is $155K, down 18.0% year-over-year. Homes are spending a median of 85 days on the market, 19.7% longer than a year ago.
There are 145 homes for sale — 16.9% more than last year. With 4.0 months of supply, this is a balanced market. 57 new listings were added during this period, up 9.6% year-over-year.
Homes are selling for 96.4% of their list price on average, suggesting room for negotiation. 13.9% of homes sell above their asking price. 27.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Pennsylvania Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 65% below the national median, which could indicate stronger cash flow potential.
Somerset, PA metro area Market Trends
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Detailed Market Metrics
Median List Price
$180K
Price per Sq Ft
$100
Sale-to-List Ratio
96.4%
Months of Supply
4.0
Sold Above List
13.9%
Price Drops
27.6%
New Listings
57
↑ 9.6% YoY
Pending Sales
64
Off Market in 2 Weeks
34.4%
Other Markets in Pennsylvania
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Scranton, PA metro area
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.