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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 $195,159.
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 $1,840,499.
What is currently the cheapest priced home in Somerset, PA?
The cheapest home for sale in Somerset is priced at $11,774.

Living in Somerset, PA

Somerset, PA is a small town nestled in the scenic Allegheny Mountains, offering a tight-knit community with a variety of local amenities. The area promotes an active lifestyle with access to various outdoor activities and quality educational institutions for families. Residents enjoy the charm of small-town living while remaining connected to nature and outdoor pursuits.

Current Market Conditions in Somerset, PA

The real estate market in Somerset, PA is currently showing a stable growth trend with increasing demand for homes. Investors are recognizing the potential for appreciation in property values due to the town's appeal to families and outdoor enthusiasts.

While home prices remain affordable compared to larger urban areas, the demand for both single-family homes and rental properties is rising, making it an opportune time for investors to enter the Somerset real estate market.

Home Value Estimator For Somerset, PA

There are currently 4,714 real estate properties in Somerset, PA, with a median automated valuation model (AVM) price of $172,089.00. 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 $195,159.00, with the most expensive house in Somerset, PA, topping out at $1,840,499.00 and the cheapest home in Somerset, PA, clocking in at $11,774.00. 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 $11,774 to $1,840,499

Average Sales Price: $195,159

Rental Values:

Rental from $550 to $2,200

Average Rent Value: $1,078 / month

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