Local Market0 views · 1 answer
How competitive is the Somerset housing market?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 76/100
- YoY Good Chance of Selling
- Pending ratio
- 0.74
- YoY contracts vs active
- Inventory YoY
- 0.0%
- YoY active listings
- Median DOM
- 57
- YoY days on market
- Price cuts
- 42.4%
- YoY of active listings
Somerset is competitive as of August 2026, with a Sold Score of 76/100 (Good Chance of Selling).
**Pending ratio** is 0.74 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is 0.0% — more choices for buyers than a year ago.
**Median days on market** is 57. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 42.4% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (August 2026): Sold Score: 76/100 (Good Chance of Selling) · Pending ratio: 0.74 · Inventory YoY: 0.0% · Median days on market: 57 · Sellers cutting price: 42.4% · Median listing price: $210,000 (-18.3% YoY)
Somerset snapshot
As of the latest 2026 data- Median listing
- $210K
- YoY -0.2%
- Active inventory
- 132
- YoY 0.0%
- Median DOM
- 57
- YoY +0.1%
- Pending ratio
- 0.74
- YoY +0.1%
- Price-reduced
- 19.8%
- YoY -0.0%