Is Somerset, KY 42501 a buyer’s or seller’s market?
Somerset is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply5.4Under 4 months = seller’s market
Sold above original list9.3%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market81Listing to accepted offer
Median price per sq ft$136▲ +7.8% vs. last year
Run the numbers for 42501
Nearby markets
Burnside 42519Buyer’s market $113 /sq ftEubank 42567Buyer’s market $113 /sq ftFerguson 42533Buyer’s market $140 /sq ftNancy 42544Buyer’s market $167 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology