Market Intelligence Report — PA-740

Somerset, PA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-PA-09
As of the latest 2026 data
Accelerated

Median Listing

$215K
-18.8% YoY

Pending Ratio

0.63
+0.7% YoY

Active Inventory

147
+7.7% YoY

Median DOM

63 Days
+11.1% YoY

Primary Intelligence Tool — Sold Score™

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The Somerset market is currently in an accelerated phase, characterized by a pending ratio of 0.63, indicating a moderate absorption rate of available inventory. While the median listing price has shown a month-over-month increase of 2.4%, the overall market has experienced a substantial year-over-year decline in median listing price of 18.8%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Somerset market right now.

Inventory levels have expanded, with active listings increasing by 7.7% year-over-year, alongside a 17.6% rise in new listings. This suggests a growing supply entering the market. Concurrently, the median time properties spend on the market has lengthened by 11.1% over the past year, indicating a slower pace of transactions. Despite these supply-side shifts, the pending ratio has marginally increased by 0.7% year-over-year, suggesting consistent demand relative to the evolving supply.

Historical Analysis

Market Trends

Median Price

$215K+2.4% MoM

Active Inventory

147+7.7% YoY

Days on Market

63+11.1% YoY

Sold Score™

71+0.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

71
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.63, the pace of demand absorption remains robust, exerting pressure on the available inventory. This environment suggests that properties are moving steadily, and while inventory is growing, the demand side is keeping pace. Transactional outcomes are likely to reflect this balance, with less pronounced opportunities for extensive price concessions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

147 active listings represent the current floor, with new supply arriving at roughly 80 per month.

Pricing Pressure
18.1%

of active listings carry a price reduction, -4.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -10.5% year-over-year.

Absorption
0.63

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Somerset, PA? Homes here are taking 6 days longer to sell than last year.

Demand in Somerset, PA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
63%
Median Days on Market
63 days
Inventory YoY
+8%

Demand is strong in Somerset, PA. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Somerset, PA
CBSA Code
43740
State
PA

ZIPs in Somerset, PA

Sorted by active inventory · click a ZIP for its full report