Somerset County, MD Home Values & Market Trends
The median home price in Somerset County, MD is $171,243.97. There were 469 home sales in Somerset County, MD over the past 12 months. The median residential Somerset County, MD home value for transactions over the previous year is $112,000. The number of current listings in Somerset County, MD is 61, and the percentage of properties for sale is 61.00%. The county has 12 foreclosures, 5 bank owned properties, 3 headed for auction, and 61 properties for sale.
Somerset County, MD Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Crisfield | $ 217,000 $ 147/sqft | Marion Station | $ 595,000 $ 160/sqft |
| Princess Anne | $ 229,900 $ 172/sqft | Deal Island | $ 514,200 $ 399/sqft |
| Ewell | $ 82,599 $ 58/sqft | Tylerton | $ -- $ -- |
| Westover | $ 296,592 $ 189/sqft |
Housing Market Summary for Somerset County, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $200K | $168.5K | -15.76% |
| Median Sold Price | $159.5K | $168.5K | 5.63% |
| Homes For Sale | 43 | 61 | 41.86% |
| Homes Sold | 190 | 242 | 27.37% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Somerset County, MD
Browse Homes in Somerset County, MD
Somerset County, MD home values range from $16,690 to $5,430,558. Marion Station is the priciest city with a median listing home price of $442,495, and Ewell is most affordable with average house prices of around $189,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Somerset County, MD with Princess Anne containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 7 cities within Somerset County, MD; of those cities, the estimated home value for pre-foreclosure homes ranges from $203,356 in Princess Anne to the lowest home value of $110,650 in Westover.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerset County, MD ranges from the highest value of $73,864 in Princess Anne to the lowest value of $64,954 in Crisfield. Bank owned homes and properties account for 0.06% of properties in Somerset County, MD. There are 7 cities within Somerset County, MD; Deal Island containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsWestover has 1 auction properties, the highest number of properties going to auction in a single city in the state of Somerset County, MD. Auction homes and other auction properties account for 0.04% of all properties in Somerset County, MD. There are 7 cities within Somerset County, MD; of those cities, the median estimated home value for homes going to auction ranges from $453,230 in Westover to the lowest value of $222,879 in Westover.
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More Real Estate Resources for Somerset County, MD
Guide for Somerset County, MD
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