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Foreclosure Homes in Somerset, PA

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Somerset, PA Foreclosures

How much do homes sell for in Somerset, PA?
The average home price is currently $196,084.
In Somerset, PA, how many homes are available?
There are currently 21 active home listings available in Somerset.
What’s the average rental cost in Somerset, PA?
The average rental price in Somerset is $1,078.
What is the most expensive home in Somerset?
The most expensive home sold in Somerset had a price of $1,910,078.
What is currently the cheapest priced home in Somerset, PA?
The cheapest home for sale in Somerset is priced at $12,060.

Living in Somerset, PA

Somerset, Pennsylvania, is a quaint borough nestled in the heart of Somerset County, known for its friendly community vibe and breathtaking natural surroundings. With a rich history and a variety of local shops and restaurants, it offers a perfect blend of small-town charm and modern conveniences. Outdoor enthusiasts will appreciate the nearby state parks and recreational areas for hiking, fishing, and camping, making it a great place for families and nature lovers alike.

Current Market Conditions in Somerset, PA

The current real estate market in Somerset, PA, shows signs of stability, with a steady demand for homes. The average home prices have maintained a balanced range, making it an attractive market for first-time buyers as well as investors. Additionally, the quaint lifestyle and community amenities encourage buyers to settle in the area.

Home Value Estimator For Somerset, PA

There are currently 4,780 real estate properties in Somerset, PA, with a median automated valuation model (AVM) price of $170,568.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Somerset, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Somerset, PA, is $196,084.00, with the most expensive house in Somerset, PA, topping out at $1,910,078.00 and the cheapest home in Somerset, PA, clocking in at $12,060.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerset, PA!

Rent Prices In Somerset, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerset, PA, is on a rollercoaster ride. The average rent price in Somerset, PA, is $1,078.00. Indeed, when looking to rent in Somerset, PA, you can expect to pay as little as $550.00 or as much as $2,200.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Somerset, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Somerset, PA Foreclosures

Market Trend for Somerset, PA

Total Listings Available: 21

Market Values:

Home Prices from $12,060 to $1,910,078

Average Sales Price: $196,084

Rental Values:

Rental from $550 to $2,200

Average Rent Value: $1,078 / month

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