Local Market0 views · 1 answer
How competitive is the Somerset housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 74/100
- YoY Good Chance of Selling
- Pending ratio
- 0.88
- YoY contracts vs active
- Inventory YoY
- -0.1%
- YoY active listings
- Median DOM
- 60
- YoY days on market
- Price cuts
- 32.4%
- YoY of active listings
Somerset is competitive as of May 2026, with a Sold Score of 74/100 (Good Chance of Selling).
**Pending ratio** is 0.88 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is -5.1% — fewer choices for buyers than a year ago.
**Median days on market** is 60. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 32.4% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 74/100 (Good Chance of Selling) · Pending ratio: 0.88 · Inventory YoY: -5.1% · Median days on market: 60 · Sellers cutting price: 32.4% · Median listing price: $218,950 (-10.8% YoY)
Somerset snapshot
As of the latest 2026 data- Median listing
- $219K
- YoY -0.1%
- Active inventory
- 124
- YoY +0.0%
- Median DOM
- 53
- YoY -0.0%
- Pending ratio
- 0.80
- YoY +0.1%
- Price-reduced
- 14.6%
- YoY -0.0%