Somerset, PA Housing Market
AI-powered market intelligence for the Somerset, PA metro area.
PropertyIQ Scores
Somerset, PA Market Analysis
Market Overview
Somerset, PA has a PropertyIQ Score of 68 out of 100, placing it in moderate territory. The score is driven by 12-month home value momentum of 8.84%, 3-month momentum of -1.34%, median days on market of 43 days, and a 17.9% share of listings with a price cut. These inputs show a market that gained value over the past year but has cooled recently. With a median home value of $179,493 and 133 homes for sale, Somerset is far more affordable than the Pennsylvania average of $290,552. The rent index of $775 is also well below the state average of $1,162. Median household income is $59,378, below the state average of $76,081, while unemployment matches the state at 4.1%.
The year-over-year home value change of -$3 and the negative 3-month momentum indicate that price growth has stalled after the 12-month gain. Days on market of 43 days and price cuts on 17.9% of listings suggest a balanced-to-buyer-friendly environment rather than a strong seller’s market. Overall, Somerset is a moderate, affordability-oriented market with recent softening.
Key Trends
First, home price momentum is mixed. The 12-month momentum of 8.84% shows meaningful annual growth, but the 3-month momentum of -1.34% and a year-over-year dollar change of -$3 show that recent price movement has flattened or turned slightly negative. Second, sales conditions are moderate. A median days on market of 43 days and a 17.9% price-cut share point to a market where sellers may need to be flexible, while 133 homes for sale gives buyers some choice. Third, affordability is a defining feature. Somerset’s median home value of $179,493 is about 38% below the state average of $290,552, and its rent index of $775 is about 33% below the state average of $1,162. However, median household income is also lower at $59,378 versus $76,081 statewide, so the affordability advantage is partly offset by lower local incomes. The unemployment rate of 4.1% matches the state average, providing some demand stability. Population growth data is not available, so migration-driven demand cannot be assessed.
Who Is This Market For
Somerset is best suited for first-time buyers and budget-conscious households. The median home value of $179,493 is well below the state average of $290,552, and a rent index of $775 may make ownership more attractive for local renters who can manage a purchase. With 43 days on market and a 17.9% price-cut share, buyers may have room to negotiate.
The market may also appeal to investors seeking cash flow over rapid appreciation. The rent index of $775 relative to the $179,493 median home value offers a more accessible entry point than many higher-priced Pennsylvania markets. However, the 3-month home value momentum of -1.34% and the year-over-year dollar change of -$3 suggest limited near-term price gains. Move-up buyers or those looking for fast equity growth may find fewer opportunities, given the moderate PropertyIQ Score of 68/100 and the recent cooling signals.
Outlook
The data supports a stable-to-cooling near-term outlook. The 12-month home value momentum of 8.84% provides a base of recent annual growth, but the 3-month momentum of -1.34% and the year-over-year dollar change of -$3 point to flattening prices. With 133 homes for sale, a 43-day median days on market, and a 17.9% price-cut share, buyers may continue to have some leverage. The unemployment rate of 4.1% matching the state average supports local demand, and Somerset’s lower home values and rents compared with state benchmarks may continue to attract affordability-focused buyers. Because population growth data is not available, the outlook cannot incorporate migration trends. Overall, the numbers suggest modest near-term price movement, with affordability and stable employment providing support against deeper declines.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Somerset, PA market data
Somerset, PA Housing Market Overview
Somerset, PA's median home value is $179K, up 8.8% over the past year. Homes here sell in a median 43 days. Its PropertyIQ Score of 68 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Somerset, PA area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across PA and every other US state.
The Mid-Atlantic corridor benefits from proximity to major financial centers and government institutions. Housing markets in this region balance urban density with suburban expansion, creating varied opportunities from walkable city neighborhoods to rapidly growing exurbs. Within the Mid-Atlantic, Somerset, PA's PropertyIQ Score of 68 ranks among the Mid-Atlantic's stronger demand signals.
Pennsylvania's housing market spans from Philadelphia's dense urban neighborhoods to Pittsburgh's tech-driven renaissance and rural communities in between, offering diverse investment profiles at various price points.
The PropertyIQ Score for the Somerset, PA market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 8.8% over the past year.
Use PropertyIQ's interactive analytics to compare Somerset, PA against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Somerset, PA metro area
ZIP codes in the Somerset, PA metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Somerset, PA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Somerset, PA currently scores 68, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $179K, up 8.8% over the past year. So whether Somerset, PA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Somerset, PA?
Somerset, PA's PropertyIQ Score is 68, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 68 places Somerset, PA above its state benchmark.
Are home prices in Somerset, PA rising or falling?
Home prices in Somerset, PA are rising. Over the past year, the median home value increased 8.8%, reaching $179K. Over the latest three months, values slipped 1.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Somerset, PA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Somerset, PA?
In Somerset, PA, homes sell in a median of 43 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 18% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Somerset, PA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.