Somerville, IN Foreclosures
How much do homes sell for in Somerville, IN?
The average home price is currently $133,216.
In Somerville, IN, how many homes are available?
There are currently 60 active home listings available in Somerville.
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 $273,115.
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 picturesque rural town that offers a blend of community spirit, outdoor activities, and accessible amenities. With its friendly atmosphere and focus on family values, Somerville is a great place for both families and individuals seeking a quiet lifestyle. The area's scenic beauty and local events provide a fulfilling living experience.
Current Market Conditions in Somerville, IN
The real estate market in Somerville, IN is currently trending upward, with an increase in home values due to the area's desirability and community-focused lifestyle. Buyers are drawn to the tranquility and natural beauty that the town has to offer, leading to a competitive market where homes are selling quickly. The average days on market have decreased, indicating that properties are being absorbed rapidly as buyers appreciate the lifestyle and amenities available.
As more individuals seek affordable housing options away from larger urban centers, Somerville has become an attractive option for both first-time buyers looking for affordable homes and those considering retirement in a peaceful setting. The town also benefits from low inventory levels, which has spurred new construction and renovation projects, contributing to the area's growth.
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 $124,243.00. 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 $133,216.00, with the most expensive house
in Somerville, IN, topping out
at $273,115.00 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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