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SOMERSET, VA 22972

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

Market Analysis

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

The SOMERSET, VA real estate market (22972) currently shows 4 active listings, with 2 pending sales. Homes are averaging 8 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

The median listing price has fallen 70.2% year-over-year, from $1,999,797 to $594,950.

Whether you are buying or selling in SOMERSET, VA, 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: 199  ·  Density: 4.7/mi²  ·  Median household income: $195,341

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
2
50% pending ratio
Median Price
$594,950
⇩ 70.2% vs $1,999,797 last year
Average Price
$594,950
⇩ 70.2% vs $1,999,797 last year
Days on Market
8

Price Per Square Foot

Median $/sqft
$238
⇩ 60.5% vs $602/sqft last year
Median Home Size
2,937 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year

Median & Average Pricing

Year over Year
  • Median: $594,950 (-70.2% YoY)
  • Average: $594,950 (-70.2% 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 20.1 miles — 720 listings ($492,722,239 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
22972Somerset, VA 229720.0 mi2$990,000$495,000$495,000
22738Rochelle, VA 227385.3 mi2$1,138,000$569,000$569,000
22942Gordonsville, VA 229428.1 mi100$54,754,300$526,569$547,543
22960Orange, VA 229609.1 mi44$35,788,104$450,000$813,366
22911Charlottesville, VA 2291112.7 mi155$139,790,315$752,450$901,873
22733Rapidan, VA 2273312.9 mi7$6,567,344$622,150$938,192
22715Brightwood, VA 2271513.6 mi2$1,979,900$989,950$989,950
22973Stanardsville, VA 2297315.1 mi23$8,901,621$349,900$387,027
22567Unionville, VA 2256716.9 mi31$18,211,198$499,900$587,458
22974Troy, VA 2297417.8 mi15$8,850,885$574,900$590,059
23093Louisa, VA 2309318.4 mi81$37,887,264$428,673$467,744
22901Charlottesville, VA 2290119.6 mi140$103,673,640$656,785$740,526
22701Culpeper, VA 2270120.1 mi118$74,189,668$512,450$628,726

Frequently Asked Questions

How many homes are for sale in SOMERSET, VA 22972?

As of March 2026, there are 4 active listings in SOMERSET, VA (zip code 22972), compared to 2 the prior year.

What is the median home price in SOMERSET, VA 22972?

The median listing price in SOMERSET, VA 22972 is $594,950 as of March 2026, a 70.2% decrease from $1,999,797 the prior year.

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

Homes in SOMERSET, VA 22972 spend an average of 8 days on the market before going under contract.

Is it a seller's or buyer's market in SOMERSET, VA 22972?

Based on current inventory and days-on-market data as of March 2026, SOMERSET, VA 22972 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in SOMERSET, VA 22972 save an estimated $11,899 compared to a typical 5% commission on the median listing price of $594,950. 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.