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Foreclosure Homes in Somerville, TN

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Somerville, TN Foreclosures

How much do homes sell for in Somerville, TN?
The average home price is currently $287,660.
In Somerville, TN, how many homes are available?
There are currently 47 active home listings available in Somerville.
What’s the average rental cost in Somerville, TN?
The average rental price in Somerville is $1,188.
What is the most expensive home in Somerville?
The most expensive home sold in Somerville had a price of $8,194,600.
What is currently the cheapest priced home in Somerville, TN?
The cheapest home for sale in Somerville is priced at $6,537.

Living in Somerville, TN

Somerville, TN is a quaint town steeped in southern charm, offering a friendly community and beautiful natural surroundings. With convenient access to major highways and a selection of local amenities, it’s a perfect spot for families and nature lovers. The area's historical value and community events provide a enriching lifestyle for its residents.

Current Market Conditions in Somerville, TN

The real estate market in Somerville has shown steady growth over the past year, with a mix of older homes and new construction attracting buyers looking for a quieter lifestyle. The median home prices have slowly increased, reflecting the rising demand for properties in the area.

More families are relocating to Somerville, driven by its affordability and strong community feel, leading to a competitive market with fewer listings available. Investors are also taking notice, creating opportunities for both rental and flip properties.

Home Value Estimator For Somerville, TN

There are currently 4,012 real estate properties in Somerville, TN, with a median automated valuation model (AVM) price of $221,399.00. 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, TN, 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, TN, is $287,660.00, with the most expensive house in Somerville, TN, topping out at $8,194,600.00 and the cheapest home in Somerville, TN, clocking in at $6,537.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerville, TN!

Rent Prices In Somerville, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerville, TN, is on a rollercoaster ride. The average rent price in Somerville, TN, is $1,188.00. Indeed, when looking to rent in Somerville, TN, you can expect to pay as little as $480.00 or as much as $2,810.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Somerville, TN -- 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.

Somerville, TN Foreclosures

Market Trend for Somerville, TN

Total Listings Available: 47

Market Values:

Home Prices from $6,537 to $8,194,600

Average Sales Price: $287,660

Rental Values:

Rental from $480 to $2,810

Average Rent Value: $1,188 / month

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