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SOMERSET, IN 46984

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

Market Analysis

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

The SOMERSET, IN real estate market (46984) currently shows 2 active listings. Homes are averaging 52 days on the market before going under contract.

Homes are selling faster, averaging 52 days on market compared to 124 days last year.

The median listing price has risen 5.2% year-over-year, from $205,000 to $215,725.

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 Context

Market Context

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

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
2
Pending
0
0% pending ratio
Median Price
$215,725
⇧ 5.2% vs $205,000 last year
Average Price
$215,725
⇧ 5.2% vs $205,000 last year
Days on Market
52
⇩ 58.1% vs 124 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 52 now vs 124 last year

Median & Average Pricing

Year over Year
  • Median: $215,725 (+5.2% YoY)
  • Average: $215,725 (+5.2% 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 21.0 miles — 421 listings ($89,549,681 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46984Somerset, IN 469840.0 mi2$431,450$215,725$215,725
46911Amboy, IN 469116.7 mi2$706,084$339,900$353,042
46987Sweetser, IN 469877.6 mi7$1,644,447$221,975$234,921
46952Marion, IN 4695211.4 mi66$11,441,298$159,425$173,353
46970Peru, IN 4697013.6 mi71$15,072,661$154,000$212,291
46914Bunker Hill, IN 4691414.2 mi3$584,700$194,900$194,900
46702Andrews, IN 4670215.6 mi9$1,623,078$184,900$180,342
46991Van Buren, IN 4699117.2 mi6$1,077,546$99,900$179,591
46933Gas City, IN 4693318.5 mi12$3,307,248$252,400$275,604
46967Onward, IN 4696719.2 mi1$159,900$159,900$159,900
46901Kokomo, IN 4690119.8 mi125$24,125,875$177,400$193,007
46792Warren, IN 4679220.6 mi8$1,766,784$198,675$220,848
46902Kokomo, IN 4690221.0 mi109$27,608,610$231,150$253,290

Frequently Asked Questions

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

As of April 2026, there are 2 active listings in SOMERSET, IN (zip code 46984).

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

The median listing price in SOMERSET, IN 46984 is $215,725 as of April 2026, a 5.2% increase from $205,000 the prior year.

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

Homes in SOMERSET, IN 46984 spend an average of 52 days on the market before going under contract, compared to 124 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 April 2026, SOMERSET, IN 46984 is currently a Balanced Market. Homes are selling faster, averaging 52 days on market compared to 124 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 $4,315 compared to a typical 5% commission on the median listing price of $215,725. 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.