Home Values

Somerset County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$101,100

  • -3.3% 1-year change
  • None 1-year forecast

The median home value in Somerset County is $101,100. Somerset County home values have declined -3.3% over the past year. The median list price per square foot in Somerset County is $74, which is the same as the Somerset Metro average of $74. The median price of homes currently listed in Somerset County is $149,900 while the median price of homes that sold is $78,750. The median rent price in Somerset County is $450, which is the same as the Somerset Metro median of $450.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Somerset County is 5.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Somerset County homeowners underwater on their mortgage is 12.2%.

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Relative ZHVI
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Somerset County Market Overview

Data through Nov 30, 2014
  • $101,100 ZHVI
  • No data 1-yr forecast
  • $149,900 Median listing price
  • $78,750 Median sale price
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Somerset County Market Health

Data through Nov 30, 2014
  • 5.5/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Cities in Somerset County

Name Median ZHVI
Stonycreek Township $124,600
Brothersvalley Township $120,100
Somerset Township $116,300
Name Median ZHVI
Berlin $101,900
Summit Township $99,700
Quemahoning Township $99,500
Name Median ZHVI
Meyersdale $73,800
 
 

Listings & Sales

Data through Nov 30, 2014
  • $74 Median list price / sq ft
  • $61 Median sale price / sq ft
  • No data Listings with price cut
12.6%
Sold below listing
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Somerset County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,048 Somerset County
    $1,048 Somerset Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $450 Rent list price
  • No data Rent list price / sq ft
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