Is Somerset, PA 15501 a buyer’s or seller’s market?
Somerset is a seller’s market. With about 2.7 months of supply and 34% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score58/ 100
More competitive than 60% of U.S. ZIP codes, and #387 of 601 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.7Under 4 months = seller’s market
Sold above original list34.4%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$121▲ +1.9% vs. last year
Run the numbers for 15501
Nearby markets
Addison 15411Buyer’s market $245 /sq ftBerlin 15530Balanced $122 /sq ftBoswell 15531Seller’s market $128 /sq ftCairnbrook 15924Seller’s market $97 /sq ft Browse all markets →More tools for 15501
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology