Somerset Public Library. File photo, 2008. Photo: John Phelan, CC BY 3.0, via Wikimedia Commons
Somerset housing market
Home prices, sales, homes for sale, rents and the public record for Somerset, updated every week.
This week's market story, Oct. 19, 2026
Somerset's median sale price climbs 11% as bidding cools
The median reached its highest point in a year, but price per square foot slipped, and fewer homes sold above asking than a year earlier.
Somerset's median sale price rose 11.1% this summer, to $549,438 from $494,500 in the same three months of 2025, according to Redfin, a national real estate brokerage. It was the highest three-month median the town has posted in the past year.
Homes in Somerset sold for a median $549,438 in the three months ending Sept. 30, 2026, up 11.1% from the same months a year earlier, according to Redfin. In all, 45 homes sold, and the typical one went under contract in 21 days. Zillow puts the typical home in town at $510,036, up 3.0% from a year earlier.
Sales and prices
Median sale price
$549,438
Up 11.1% from a year earlier
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Homes sold
45
Down 14.1% from a year earlier
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Price per square foot
$327
Down 0.9% from a year earlier
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Sale price to list price
101.0%
Unchanged from a year earlier
48% of homes sold for more than their first asking price.
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Supply and speed
Homes for sale
74
Down 1.8% from a year earlier
Every home listed at any point in the three months.
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
For sale on the last day
29
Up 24.9% from a year earlier
About 2.0 months of supply at the recent pace of sales.
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
New listings
55
Up 1.1% from a year earlier
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Days on market
21
Same as a year earlier
Median days from listing to accepted offer.
Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026
Values, rents and borrowing
Typical home value
$510,036
Up 3.0% from a year earlier
A middle-of-the-market value for every home in town, sold or not.
Zillow Home Value Index, September 2026
Typical asking rent
$2,000 a month
Asking rents for homes and apartments listed for rent.
Zillow Observed Rent Index, September 2026
30-year mortgage rate
7.40%
Up 1.1 percentage points from a year earlier
A national average. On a $549,438 home with 20% down, principal and interest come to about $3,043 a month.
Freddie Mac, week of Oct. 15, 2026
Month by month
Each row is a three-month window, so each month counts in three rows. That smooths out the swings a town this size would show month to month.
| Three months | Median price | Sold | Days on market | Sale to list | For sale | Per sq. ft. |
|---|---|---|---|---|---|---|
| July to September 2026 | $549,438 | 45 | 21 | 101.0% | 74 | $327 |
| June to August 2026 | $531,250 | 48 | 21 | 101.6% | 72 | $350 |
| May to July 2026 | $530,000 | 53 | 20 | 101.7% | 78 | $361 |
| April to June 2026 | $525,000 | 49 | 21 | 101.7% | 76 | $363 |
| March to May 2026 | $525,000 | 40 | 22 | 101.1% | 79 | $344 |
| February to April 2026 | $512,500 | 32 | 25 | 99.3% | 66 | $329 |
| January to March 2026 | $510,000 | 30 | 24 | 98.1% | 53 | $319 |
| December 2025 to February 2026 | $535,000 | 38 | 24 | 98.5% | 50 | $317 |
| November 2025 to January 2026 | $515,000 | 34 | 29 | 99.8% | 55 | $330 |
| October to December 2025 | $530,000 | 38 | 22 | 100.1% | 54 | $330 |
| September to November 2025 | $475,000 | 35 | 22 | 100.3% | 59 | $335 |
| August to October 2025 | $520,500 | 46 | 21 | 100.8% | 70 | $320 |
Source: Redfin, three months ending Sept. 30, 2026; Redfin updated it Oct. 7, 2026. Read Oct. 18, 2026.
Tax bills, fiscal 2020 to 2026
The average single-family tax bill in Somerset went from $4,552 in fiscal 2020 to $6,278 in fiscal 2026, up 38%, while the average assessed value rose 62%. When values climb faster than the town's budget, the rate per $1,000 falls. The fiscal 2027 rate is set at the tax classification hearing late this year.
| Fiscal year | Average bill | Change | Average value | Rate per $1,000 |
|---|---|---|---|---|
| 2026 | $6,278 | +4.0% | $485,506 | $12.93 |
| 2025 | $6,034 | +7.2% | $453,710 | $13.30 |
| 2024 | $5,627 | +13.3% | $439,970 | $12.79 |
| 2023 | $4,966 | +8.2% | $391,673 | $12.68 |
| 2022 | $4,590 | -0.8% | $345,370 | |
| 2021 | $4,625 | +1.6% | $315,073 | |
| 2020 | $4,552 | $299,096 |
Source: Mass. Department of Revenue, Division of Local Services, Municipal Databank, average single-family tax bill and tax rates by class. The rate column shows the years the state's rate report covers. Read Oct. 18, 2026.
Who owns, who rents
The Census Bureau's survey of households, averaged over five years so a small town has enough answers to count. It moves slowly; use it for the shape of a town, not for this year's prices.
| Measure | Somerset | Massachusetts |
|---|---|---|
| Homes and apartments | 7,686 | |
| Owned by the people living there | 87% | 63% |
| Median value, owner-occupied homes | $418,800 | $562,100 |
| Median rent paid | $1,271 | $1,762 |
| Renters paying 30% or more of income for housing | 55% | 49% |
| Median household income | $112,677 | $103,960 |
| Median year built | 1962 | 1964 |
Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2020 to 2024, tables B25001, B25003, B25035, B25064, B25070, B25077 and B19013. Read Oct. 18, 2026.
Housing and building at Somerset boards
From the boards' posted agendas, read Oct. 18. An agenda item is a hearing or a vote to come, not a decision.
Somerset Planning BoardSomerset
Luther's Landing subdivision: roadway and bond hearing
The Planning Board reviews whether the Karissa Lyn Court roadway in the Luther's Landing subdivision is complete and whether to release, hold or use the developer's performance bond.
Somerset Planning Board AGENDA, Oct. 20, 2026 (posted Oct. 13, 2026) Read Oct. 18.
From the public record
| Measure | Somerset | Note | Source, read Oct. 18, 2026 |
|---|---|---|---|
| New housing units permitted, January to August 2026 | 24 (6 single-family) | Census estimate; the town filed no monthly reports this year | Census Bureau, Building Permits Survey |
| Average single-family tax bill, fiscal 2026 | $6,278 | On an average value of $485,506; residential rate $12.93 per $1,000; up $244 from fiscal 2025 | Mass. Department of Revenue, Municipal Databank |
| MBTA Communities zoning | Not on the list | The state law requiring multifamily zoning near transit does not apply here | Executive Office of Housing and Livable Communities, status as of Aug. 31, 2026 |
Where these numbers come from
- Redfin Data Center, Housing Market Tracker, city, county and state files (data through September 2026; read Oct. 18, 2026). Data from Redfin, a national real estate brokerage.
- Zillow Research, Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) for cities and counties (data through September 2026; read Oct. 18, 2026).
- Freddie Mac, Primary Mortgage Market Survey, weekly averages (newest week Oct. 15, 2026; read Oct. 18, 2026).
- U.S. Census Bureau, American Community Survey 5-year estimates, 2020 to 2024, summary files (read Oct. 18, 2026).
- Mass. Department of Revenue, Division of Local Services, Municipal Databank, average single-family tax bill and tax rates by class, fiscal 2018 to 2026 (read Oct. 18, 2026).
- Bristol County Fall River District Registry of Deeds, Significant Sales 2026, Q1 (posted April 28, 2026; read Oct. 18, 2026).
We refresh these figures every week. Redfin and Zillow post new months in the middle of each month; Freddie Mac posts rates on Thursdays. See an error? Email corrections@southcoast360.com.