Somerset County, ME Home Values & Market Trends
The median home price in Somerset County, ME is $212,034.93. There were 807 home sales in Somerset County, ME over the past 12 months. The median residential Somerset County, ME home value for transactions over the previous year is $145,000. The number of current listings in Somerset County, ME is 8, and the percentage of properties for sale is 8.00%. The county has 38 foreclosures, 5 bank owned properties, 3 headed for auction, and 8 properties for sale.
Somerset County, ME Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Canaan | $ 254,616 $ 87/sqft | Caratunk | $ -- $ -- |
| Madison | $ 137,430 $ 126/sqft | Athens | $ -- $ -- |
| Jackman | $ 169,000 $ 128/sqft | Palmyra | $ -- $ -- |
| Pittsfield | $ 47,202 $ 56/sqft | Skowhegan | $ -- $ -- |
| Norridgewock | $ 392,653 $ 246/sqft | Saint Albans | $ -- $ -- |
| New Portland | $ 170,085 $ 188/sqft | Cambridge | $ -- $ -- |
| Fairfield | $ 213,100 $ 80/sqft | Rockwood | $ -- $ -- |
| Detroit | $ -- $ -- | Smithfield | $ -- $ -- |
| Anson | $ -- $ -- | Bingham | $ -- $ -- |
| Harmony | $ -- $ -- | Hinckley | $ -- $ -- |
| Hartland | $ -- $ -- | West Forks | $ -- $ -- |
| Solon | $ -- $ -- | North Anson | $ -- $ -- |
Housing Market Summary for Somerset County, ME
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $196.9K | $209.5K | 6.37% |
| Median Sold Price | $174.9K | $209.5K | 19.75% |
| Homes For Sale | 14 | 7 | -50.00% |
| Homes Sold | 333 | 349 | 4.80% |
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, ME
Browse Homes in Somerset County, ME
Somerset County, ME home values range from $19,747 to $22,409,304. Norridgewock is the priciest city with a median listing home price of $700,000, and Madison is most affordable with average house prices of around $72,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Somerset County, ME with Fairfield containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 24 cities within Somerset County, ME; of those cities, the estimated home value for pre-foreclosure homes ranges from $281,377 in Bingham to the lowest home value of $131,940 in Fairfield.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerset County, ME ranges from the highest value of $246,008 in Madison to the lowest value of $83,399 in Canaan. Bank owned homes and properties account for 0.02% of properties in Somerset County, ME. There are 24 cities within Somerset County, ME; Madison containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMadison has 2 auction properties, the highest number of properties going to auction in a single city in the state of Somerset County, ME. Auction homes and other auction properties account for 0.01% of all properties in Somerset County, ME. There are 24 cities within Somerset County, ME; of those cities, the median estimated home value for homes going to auction ranges from $262,771 in Pittsfield to the lowest value of $170,959 in Pittsfield.
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More Real Estate Resources for Somerset County, ME
Guide for Somerset County, ME
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