Somerset Apartment Market Update – November 15, 2025
Market Highlights (as of November 15, 2025)
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Average Sold Price: Over the past 12 months, apartment-style condos in Somerset have achieved an average sold price of about $276,647.
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Average Days on Market: An extended listing timeframe, indicating that some properties require more days of exposure shows up in an average listing timeframe of roughly 47.2 days from list to firm sale.
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Odds of Selling: With 52 listings sold, 0 pending, and 30 not sold, the success rate for apartment-style condos in Somerset over this period works out to about 63.4%.
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Monthly Selling Rate: The market has been processing apartment-style condos at a rate of about 4.3 apartment sales per month in Somerset.
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Months of Inventory: At roughly 3.9 months of inventory, drawn from 17 active listings and the recent selling pace, inventory sits in a mid-range band, with enough choice for buyers but no severe oversupply signal.
Time to Sell
The Time to Sell chart plots individual apartment sales in Somerset by days on market and sold price over the past 12 months, from 2024-11-15 to 2025-11-15. Each point represents one sold listing, with days on market on the horizontal axis and sold price on the vertical axis, plus reference lines showing the average sold price and a typical listing timeframe for this segment.
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In the last 12 months, most apartment listings have needed about 47.2 days on average to go firm. That figure offers a realistic sense of how long the process typically takes.
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Sales that completed in less than about 22.5 days sit on the faster side of the chart and often reflect well-prepared listings that were aligned with recent pricing, while sales that took longer than roughly 63 days illustrate cases where extra time was needed before the right buyer and price match came together.
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Across this period, the average sold price for apartment homes in Somerset has been near $276,647, and points that sit well to the right of the typical days-on-market line highlight situations where pricing, condition, or more specialized features required additional exposure before a firm sale.
Odds of Selling
The Odds of Selling chart summarizes how many apartment listings in Somerset have sold, how many are still on the market, and how many were removed without a completed sale over the past 12 months, from 2024-11-15 to 2025-11-15. It also rolls those counts into an overall estimate of the percentage of listings that ultimately reach a firm sale.
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Odds of Selling: Over this 12-month window, 52 apartment listings in Somerset sold and 0 are still working toward a firm sale, while 17 remain active and 30 came off the market without selling. Taken together, that works out to an overall success rate of roughly 63.4% for this segment.
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Monthly Selling Rate: Based on those results, the segment has been averaging about 4.3 apartment sales per month, which gives a feel for how many homes are actually changing hands in a typical month.
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Months of inventory currently sits near 3.9 months, combining the number of active listings with the recent selling rate; in practical terms, this means inventory sits in a mid-range band, with enough choice for buyers but no severe oversupply signal
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In this context, “not sold” captures listings that were terminated, expired, or withdrawn without reaching a firm sale, which helps distinguish between properties that successfully completed the moving process and those that left the market for other reasons.
Buying Pattern
The Buying Pattern chart shows how many apartment sales in Somerset were completed in each of the last 12 months, including 11 full months plus the current month-to-date, so you can see how activity has moved through the year between 2024-11-15 and 2025-11-15.
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The busiest months for closed apartment sales over this period were Dec 2024 and Jun 2025, where the bar heights sit at the top of the chart for this 12-month window.
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On the quieter side, months such as May 2025 sit closer to the bottom of the chart, illustrating periods where fewer apartment sales were recorded.
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Across the 12-month window, monthly closed sales ranged from about 1 to 6 deals, for a total of 45 completed sales. That lines up with the monthly selling rate of roughly 4.3 sales per month shown in the broader odds-of-selling view.
Price vs. Square Footage
The Price vs. Square Footage chart focuses on the last three months of apartment sales in Somerset, plotting each sale by interior size on the horizontal axis and sold price on the vertical axis. A trend line is overlaid to summarize how sale prices have tended to move as square footage changes in this recent sample.
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Recent closed apartment sales in this view span from around 347.6 sq. ft. through to roughly 988.1 sq. ft., and within that range the trend line suggests a fairly strong relationship where higher square footage has recently been associated with higher sale prices.
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The chart highlights a typical size range where many apartment homes have changed hands recently, and within that range you can see how prices step up as square footage increases. This reading comes from around 11 sales over the most recent quarter.
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Taken together with the average sold price of roughly $276,647 over the full 12-month window, the chart can be used as a directional guide: you can locate a home's square footage on the horizontal axis, follow it up toward the trend line, and get a sense of where similar recent sales have been concentrating on the price scale.
Key Takeaways
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Market tilt: Inventory has been running at about 3.9 months, which places the apartment segment in Somerset in a a more balanced environment position. That context matters when deciding how assertive to be on list price and how flexible to be during negotiations.
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Listing outcomes: Taken together, around 63.4% of recent apartment listings in Somerset have progressed to a sale or pending status, while the balance have left the market without selling. That highlights how closely outcomes track to both pricing strategy and how ready the home is when it hits the market.
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Time to sell: The typical apartment listing in Somerset has taken around 41 days to firm up, which means the selling process has often required a longer marketing window before firming up; for planning purposes it is wise to allow for some variability around that median.
Other Property Types in Somerset
Want to see the market trend for other property types in Somerset?
Considering a Move?
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Buying: I’ll help you isolate the best fits, interpret what the data really means, and negotiate from a position of strength in Somerset.
Selling: I’ll help you time the market effectively, leverage the right comparables, and create a presentation that pulls buyers toward your listing in Somerset.
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