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SOMERSET, PA 15501

Real Estate Market Report  ·  Somerset County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SOMERSET, PA real estate market (15501) currently shows 36 active listings, with 18 pending sales. Homes are averaging 145 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 145 days on market compared to 95 days last year.

The median listing price has fallen 10% year-over-year, from $239,900 to $215,950.

Whether you are buying or selling in SOMERSET, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 16,508  ·  Density: 48.3/mi²  ·  Median household income: $55,788

Typical home value: $145,352  ·  Homeownership: 69.5%

Market Overview

Active Listings
36
⇩ 10% vs 40 last year
Pending
18
50% pending ratio
Median Price
$215,950
⇩ 10% vs $239,900 last year
Average Price
$321,752
⇧ 7.7% vs $298,643 last year
Days on Market
145
⇧ 52.6% vs 95 days last year

Price Per Square Foot

Median $/sqft
$109
⇩ 11.4% vs $123/sqft last year
Median Home Size
1,925 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 40 last year
  • Days on market: 145 now vs 95 last year

Median & Average Pricing

Year over Year
  • Median: $215,950 (-10% YoY)
  • Average: $321,752 (+7.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.0 miles — 107 listings ($44,003,521 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
15501Somerset, PA 155010.0 mi33$10,233,333$210,725$310,101
15502Hidden Valley, PA 155026.4 mi10$4,068,600$404,950$406,860
15557Rockwood, PA 155578.6 mi9$2,755,134$262,475$306,126
15677Rector, PA 156779.5 mi1$600,000$600,000$600,000
15531Boswell, PA 1553110.7 mi5$495,625$99,125$99,125
15655Laughlintown, PA 1565511.5 mi1$139,900$139,900$139,900
15542Garrett, PA 1554212.0 mi2$346,900$173,450$173,450
15551Markleton, PA 1555112.8 mi1$199,900$199,900$199,900
15446Indian Head, PA 1544614.0 mi2$598,000$299,000$299,000
15937Jerome, PA 1593714.7 mi4$282,668$61,700$70,667
15658Ligonier, PA 1565815.9 mi33$21,419,211$418,700$649,067
15610Acme, PA 1561016.6 mi5$2,778,750$426,000$555,750
15464Mill Run, PA 1546418.0 mi1$85,500$85,500$85,500

Frequently Asked Questions

How many homes are for sale in SOMERSET, PA 15501?

As of March 2026, there are 36 active listings in SOMERSET, PA (zip code 15501), compared to 40 the prior year.

What is the median home price in SOMERSET, PA 15501?

The median listing price in SOMERSET, PA 15501 is $215,950 as of March 2026, a 10% decrease from $239,900 the prior year.

How long do homes stay on the market in SOMERSET, PA?

Homes in SOMERSET, PA 15501 spend an average of 145 days on the market before going under contract, compared to 95 days the prior year.

Is it a seller's or buyer's market in SOMERSET, PA 15501?

Based on current inventory and days-on-market data as of March 2026, SOMERSET, PA 15501 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 145 days on market compared to 95 days last year.

How much can I save on real estate commission in SOMERSET, PA?

With SELL123.com's maximum 3% commission, sellers in SOMERSET, PA 15501 save an estimated $4,319 compared to a typical 5% commission on the median listing price of $215,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.