Somerville, IN Foreclosures
How much do homes sell for in Somerville, IN?
The average home price is currently $132,692.
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 $279,731.
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, Indiana, is a quiet rural town known for its friendly community and beautiful scenery. It offers a peaceful lifestyle with plenty of outdoor activities and events that encourage neighborly connections. Residents can enjoy a slower pace of life while still being close to urban amenities in surrounding areas.
Current Market Conditions in Somerville, IN
The real estate market in Somerville has shown steady growth in recent months, with an increase in home values as more people discover the charm of rural living. The inventory of homes for sale has been relatively low, leading to competitive bidding among buyers.
There has been a noticeable trend towards families and retirees moving to small towns like Somerville, seeking more affordable housing options, and a better quality of life. This trend bodes well for future real estate investments as the demand for housing continues to rise.
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 $124,720.00. 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 $132,692.00, with the most expensive house
in Somerville, IN, topping out
at $279,731.00 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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