Market Intelligence Report — PA-740

Somerset, PA

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

Ref. No: 2026-PA-08
As of the latest 2026 data
Accelerated

Median Listing

$210K
-18.3% YoY

Pending Ratio

0.74
+14.4% YoY

Active Inventory

132
+0.0% YoY

Median DOM

57 Days
+9.6% YoY

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The Somerset market is currently experiencing accelerated demand absorption, with a pending ratio of 0.74 indicating robust interest relative to available inventory. This marks a 14.4% year-over-year increase in the pending ratio, contributing to the accelerated market condition.

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.

Active listings remain stable year-over-year at 132 units, while new listings saw a modest 7.1% increase over the past year to 60. Concurrently, the median listing price decreased by 18.3% year-over-year to $210,000, and the median price per square foot also declined by 10.1% over the same period to $119. Median days on market increased by 9.6% year-over-year to 57 days, suggesting a slightly extended marketing period despite the strong pending activity.

Historical Analysis

Market Trends

Median Price

$210K-9.4% MoM

Active Inventory

132+0.0% YoY

Days on Market

57+9.6% YoY

Sold Score™

76+14.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

76
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

The elevated pending ratio suggests a rapid pace of transactions, placing inventory under significant absorption pressure. This environment typically favors price discipline from sellers, with limited room for protracted negotiations. While median days on market have extended slightly, the high pending activity indicates that well-priced properties are quickly moving to contract.

Luxury Segment

The average listing price, at $326,875, is significantly higher than the median listing price of $210,000. However, the average listing price experienced an 8.8% year-over-year decline, alongside a 10.1% year-over-year reduction in median price per square foot, potentially signaling some softness in the higher-priced segments of the market.

Supply Dynamics

132 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
19.8%

of active listings carry a price reduction, -0.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -10.1% year-over-year.

Absorption
0.74

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Somerset, PA? Homes here are taking 5 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
74%
Median Days on Market
57 days
Inventory YoY
−0%

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

Analysis FAQ
  • What is the current market condition in Somerset?+

    As of the latest 2026 data, the Somerset metro is classified as Accelerated. Pending ratio is 0.74 with median days on market at 57.

  • Are home prices dropping in Somerset?+

    Median listing price is $210K, -18.3% year over year. 19.8% of active listings carry a price reduction.

  • How fast are homes selling in Somerset?+

    The typical listing sits 57 days on market, a +9.6% change YoY. New listings are arriving at 60 per month.

  • What's happening in the Somerset luxury market?+

    The average listing price, at $326,875, is significantly higher than the median listing price of $210,000. However, the average listing price experienced an 8.8% year-over-year decline, alongside a 10.1% year-over-year reduction in median price per square foot, potentially signaling some softness in the higher-priced segments of the market.

  • Where can I find a trusted Somerset real estate expert?+

    Primpted maintains a vetted registry of Somerset agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 43740 · 36mo history