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Short Sale Listings in Somerton, AZ 85365

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Somerton, AZ Foreclosures

How much do homes sell for in Somerton, AZ?
The average home price is currently $265,021.
In Somerton, AZ, how many homes are available?
There are currently 358 active home listings available in Somerton.
What’s the average rental cost in Somerton, AZ?
The average rental price in Somerton is $1,008.
What is the most expensive home in Somerton?
The most expensive home sold in Somerton had a price of $2,517,773.
What is currently the cheapest priced home in Somerton, AZ?
The cheapest home for sale in Somerton is priced at $14,636.

Living in Somerton, AZ

Somerton, AZ is a charming small town with a close-knit community and access to beautiful outdoor activities. Located near Yuma, it offers the best of both worlds with local farms, festivals, and amenities for a fulfilling lifestyle. Enjoy the tranquility of town life while being just a short drive from larger city conveniences.

Current Market Conditions in Somerton, AZ

Somerton's real estate market is currently characterized as stable with a slight increase in home values over the past year. The community's appeal to families and retirees has contributed to gradual price appreciation in the housing market, making it an attractive option for homebuyers seeking affordability and a close community atmosphere.

In recent months, the demand for homes in Somerton has presented a competitive edge, with listings often receiving multiple offers. This trend indicates a healthy interest in the area as buyers recognize the value of owning a home in this charming town, resulting in better market conditions than previous years.

Home Value Estimator For Somerton, AZ

There are currently 5,258 real estate properties in Somerton, AZ, with a median automated valuation model (AVM) price of $252,128.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Somerton, AZ, 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 Somerton, AZ, is $265,021.00, with the most expensive house in Somerton, AZ, topping out at $2,517,773.00 and the cheapest home in Somerton, AZ, clocking in at $14,636.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerton, AZ!

Rent Prices In Somerton, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerton, AZ, is on a rollercoaster ride. The average rent price in Somerton, AZ, is $1,008.00. Indeed, when looking to rent in Somerton, AZ, you can expect to pay as little as $470.00 or as much as $2,800.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Somerton, AZ -- 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.

Somerton, AZ 85365 Short Sale Listings

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