Intero's Market Report

Somerset, CA

Single-Family Homes



Somerset, CA

Sun May 29 2022
This week the median list price for Somerset, CA is $699,450 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 18. Click here to stay informed with the Somerset market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Somerset, CA

Sun May 29 2022
This week the median list price for Somerset, CA is $699,450 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 18. Click here to stay informed with the Somerset market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Somerset market.
Median List Price $699,450
Median Price of New Listings $534,000
Per Square Foot $305
Average Days on Market 71
Median Days on Market 46
Price Decreased 39%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 44
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,144,500 2,798 10 - 20 acres 3 2.8 32 0 0 77
$734,500 2,250 10 - 20 acres 3 2.3 37 0 0 42
$695,000 1,965 10 - 20 acres 3 2 31 1 0 35
$425,000 1,460 5 - 10 acres 3 2 40 1 3 42