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SOMERSET, IN 46984

Real Estate Market Report  ·  Wabash County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$199,000
⇩ 7.4% vs $214,999 last year
Average Price
$199,000
⇩ 7.4% vs $214,999 last year
Days on Market
37
⇩ 33.9% vs 56 days last year

Market Context

Population: 19  ·  Density: 137.1/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Analysis

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

The SOMERSET, IN real estate market (46984) currently shows 1 active listings. Homes are averaging 37 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 37 days on market compared to 56 days last year.

The median listing price has fallen 7.4% year-over-year, from $214,999 to $199,000.

Whether you are buying or selling in SOMERSET, IN, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 37 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $199,000 (-7.4% YoY)
  • Average: $199,000 (-7.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.6 miles — 315 listings ($58,284,851 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46984Somerset, IN 469840.0 mi1$199,000$199,000$199,000
46911Amboy, IN 469116.7 mi2$499,800$249,900$249,900
46987Sweetser, IN 469877.6 mi9$2,017,053$215,500$224,117
46952Marion, IN 4695211.4 mi72$12,554,784$156,450$174,372
46941Lagro, IN 4694113.1 mi1$294,950$294,950$294,950
46936Greentown, IN 4693614.1 mi16$3,549,904$195,000$221,869
46953Marion, IN 4695314.2 mi55$6,627,885$78,000$120,507
46702Andrews, IN 4670215.6 mi6$1,013,802$179,900$168,967
46991Van Buren, IN 4699117.2 mi5$803,915$85,000$160,783
46933Gas City, IN 4693318.5 mi18$5,200,380$254,900$288,910
46967Onward, IN 4696719.2 mi1$162,500$162,500$162,500
46901Kokomo, IN 4690119.8 mi119$23,799,048$178,900$199,992
46792Warren, IN 4679220.6 mi10$1,561,830$152,450$156,183

Frequently Asked Questions

How many homes are for sale in SOMERSET, IN 46984?

As of January 2026, there are 1 active listings in SOMERSET, IN (zip code 46984), compared to 1 the prior year.

What is the median home price in SOMERSET, IN 46984?

The median listing price in SOMERSET, IN 46984 is $199,000 as of January 2026, a 7.4% decrease from $214,999 the prior year.

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

Homes in SOMERSET, IN 46984 spend an average of 37 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in SOMERSET, IN 46984?

Based on current inventory and days-on-market data as of January 2026, SOMERSET, IN 46984 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 37 days on market compared to 56 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SOMERSET, IN 46984 save an estimated $3,980 compared to a typical 5% commission on the median listing price of $199,000. 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.