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Somerset

Somerset Market Report

$706,289

AVERAGE PRICE OF 10 HOMES

$1,500,000

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

Average Home

Average Price	$706,289
Avg Bedrooms	2.5 beds
Avg Bathrooms	2.3 baths

Average Price by Bedrooms

2 bedrooms	$428,333
3 bedrooms	$383,999
4 bedrooms	$729,950
5 bedrooms	$550,000

Somerset Home Price Trends

	4/2023	3/2023	2/2023	1/2023	12/2022
Total Listings	6	4	5	4	2
Average Price	$819,705	$1,115,090	$1,071,270	$1,017,024	$1,328,925
Avg Price Change	-36.04%	+4.09%	+5.33%	-30.67%	+29.65%
Median Price	$651,798	$1,108,964	$1,007,374	$909,666	$1,500,000
Med Price Change	-70.14%	+10.08%	+10.74%	-64.90%	+33.95%
Avg Bedrooms	1.75 beds	2.21 beds	2.24 beds	1.41 beds	3.67 beds
Avg Bathrooms	2.02 baths	2.4 baths	2.52 baths	1.49 baths	1 bath

Home Price by High School

School Name	Total Homes	Average Price	Avg Days on Site
Franklin H.S.	2	$469,499	23 days
Franklin Township	1	$469,000	3 days

Home Price by House Size

	Total Homes	Average Price	Avg Days on Site
All Homes	10	$706,289	319 days
Multi-Million Dollar Homes	2	$1,500,000	1,452 days

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