Somerville, IN Foreclosures
How much do homes sell for in Somerville, IN?
The average home price is currently $128,828.
What’s the average rental cost in Somerville, IN?
The average rental price in Somerville is $841.
What is the most expensive home in Somerville?
The most expensive home sold in Somerville had a price of $269,607.
What is currently the cheapest priced home in Somerville, IN?
The cheapest home for sale in Somerville is priced at $16,830.
Living in Somerville, IN
Somerville, IN, is a charming small town offering a peaceful lifestyle perfect for families and retirees. The community features solid educational institutions and a range of local amenities, including parks and grocery stores. Its proximity to larger urban centers provides convenient commuting options for residents.
Current Market Conditions in Somerville, IN
The real estate market in Somerville is currently experiencing steady growth, with an increasing number of families seeking tranquil living spaces away from bustling city life. Home prices have shown resilience and, in many cases, a gradual appreciation over the past few years.
Investors can take advantage of the current trend of rising demand, as more buyers are drawn to the area's affordability compared to larger cities. This presents a unique opportunity for real estate investment, particularly in properties that may cater to families and retirees.
Home Value Estimator For Somerville, IN
There are currently 60 real estate properties
in Somerville, IN,
with a median automated valuation model (AVM) price
of $124,436.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Somerville, IN, 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 Somerville, IN,
is $128,828.00, with the most expensive house
in Somerville, IN, topping out
at $269,607.00 and the cheapest home
in Somerville, IN,
clocking in at $16,830.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Somerville, IN!
Rent Prices
In Somerville, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Somerville, IN, is on
a rollercoaster ride. The
average rent price in Somerville, IN,
is $841.00. Indeed, when looking to rent in
Somerville, IN, you can expect to pay as little
as $480.00 or as much
as $1,310.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Somerville, IN
-- 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.
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