Photo: Nyttend · Public domain145 homes sold in Somerset in the last year, at a typical $231K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Somerset homes are listed.
Every place Somerset homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Somerset.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 91% of Somerset’s sales, at a typical $221K (year to May 2026)
145 homes sold in the year to September 2026.
typical sale · 123 sold in the year to May 2026
- Per square foot
- $129KY $162
- Days to sell
- 84
- Sold over asking
- 14%
- Listings with a price cut
- 31%
Multi-family (2–4 units): 4 sold, typical $360K
Townhouses: 3 sold, typical $228K
Condos: 5 sold, typical $248K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at twice the 2016 price
145 sales in the last year, against 226 in 2020 and a low of 60 in 2012. The typical sale went from $109K in 2016 to $231K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Somerset
Check a listing against what Somerset homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Somerset are more common than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Somerset’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 145 sales.
If you’re buying in Somerset
- Shop in September. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Offer under asking. Buyers paid 95.2% of the list price on average; 11% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 82 days.
Summer brings the homes; fall brings the bidding wars
July has the most new listings (about 17 a month), but October is the most competitive: 13% of October sales close over asking. August and September offer nearly as much choice with fewer homes bid up (10%). February has the least competition (7%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Kentucky
| Somerset now | 2017–19 | 2021 peak | KY now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 4% | 17% | 16% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 2% | 4% | 34% |
| Price paid vs. askingAverage sale price ÷ list price | 95.2% | 92.6% | 96% | 97.3% |
| Days to sellMedian days from listing to contract | 82 | 126 | 78 | 53 |
56 homes for sale on a typical day
That’s twice the 2023 low (29), 23% fewer than in 2017–19 and well under 2016’s 80.
Since 2019, houses are up 105%, condos 45%
A house typically sold for $221K in the year to May 2026 (123 sales), a condo for $248K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Somerset ranks 70th of 83 busy Kentucky markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Somerset is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Somerset home costs about $1,363 a month
Price: Somerset’s typical sale, last 12 months. Property tax at Somerset’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Somerset is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $231K home, about $1,890 a year.
Taxes vs. neighborsSchools
The schools grade for Somerset, from test results, graduation and how much students grow.
Schools in SomersetTypical commute
The average one-way trip to work for people who live in Somerset.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Monticello and Mount Vernon sell for less a square foot
The busier markets within 25 miles of Somerset, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Somerset | 145 | $231K | $131 | 11% | 82 |
| Monticello | 37 | $166K | $110 | 1% | 89 |
| Mount Vernon | 22 | $171K | $116 | 14% | 60 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Somerset, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Somerset. People who follow the town see it, and so do people comparing Somerset with their own town. No commission, no listing fee.
Questions about buying a home in Somerset
What do homes sell for in Somerset, KY?
145 homes sold in the year to September 2026 at a typical $231K, $131 a square foot.
Is Somerset a buyer’s or seller’s market?
A balanced market: 57 homes were for sale in September 2026 and 11 sold, about 4.9 months of supply. Buyers paid 95.2% of asking on average.
When is the best time to buy in Somerset?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Somerset?
About 0.8% of a home’s value a year. On a $231K home that’s near $1,890.
Where can I see homes for sale in Somerset?
Zillow, Redfin, Realtor.com and Homes.com all carry Somerset’s MLS listings; the search links above open each one filtered to Somerset.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).