Somerset County, ME Real Estate & Property Data

Somerset County Real Estate Market Trends
Last Updated: March 19, 2024

With up-to-date real estate data get detailed insight into Somerset County, ME sourced from the nation’s leading property data provider. The current median home price in Somerset County, ME is $192,799. Somerset County real estate data shows that there have been a total of 832 residential properties sold over the past 12 months. ATTOM’s Somerset County real estate data indicates that the county has 5 properties in foreclosure.

Somerset County Real Estate Market Trends
Total Residential Properties 22,762
Total Commercial Properties 662
Avg. Home Age (Single Family Home) 49 Years
Avg. Square Feet (Single Family Home) 1,415
Total 2024 Residential Sales (year-to-date) 51
% of Homes Seriously Underwater (Q1 2024) 0.86%
Total 2023 Residential Sales 781
% of Equity Rich Homes (Q1 2024) 28.97%
Effective 2023 Property Tax 0.89%
Total Foreclosure Filings (year-to-date) 5
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Somerset County, ME Real Estate Overview

There were 832 residential properties sold in the past year in Somerset County, ME. The median home value in Somerset County, ME is $211,826. There are a total of 22,762 residential properties in the Somerset.

Median Sales Price i
$192,799
(Jan 2024)
-0.6%
year-over-year
y-o-y
  • January '24 Jan '24 $192,799
  • December '23 Dec '23 $233,500
  • November '23 Nov '23 $205,000
  • October '23 Oct '23 $210,000
  • September '23 Sep '23 $195,000
  • August '23 Aug '23 $200,625
  • July '23 Jul '23 $225,000
  • June '23 Jun '23 $235,000
  • May '23 May '23 $242,000
  • April '23 Apr '23 $142,500
  • March '23 Mar '23 $175,950
  • February '23 Feb '23 $161,200
Median Down Payment i
$10,195
(Jan 2024)
-42.1%
year-over-year
y-o-y
  • January '24 Jan '24 $10,195
  • December '23 Dec '23 $24,000
  • November '23 Nov '23 $28,000
  • October '23 Oct '23 $36,675
  • September '23 Sep '23 $10,000
  • August '23 Aug '23 $22,625
  • July '23 Jul '23 $36,781
  • June '23 Jun '23 $28,395
  • May '23 May '23 $40,000
  • April '23 Apr '23 $8,750
  • March '23 Mar '23 $11,550
  • February '23 Feb '23 $27,000
Number of Homes Sold i
51
(Jan 2024)
+10.9%
year-over-year
y-o-y
  • January '24 Jan '24 51
  • December '23 Dec '23 68
  • November '23 Nov '23 61
  • October '23 Oct '23 71
  • September '23 Sep '23 80
  • August '23 Aug '23 74
  • July '23 Jul '23 78
  • June '23 Jun '23 74
  • May '23 May '23 66
  • April '23 Apr '23 45
  • March '23 Mar '23 66
  • February '23 Feb '23 52
Number of Purchase Loans i
30
(Jan 2024)
+11.1%
year-over-year
y-o-y
  • January '24 Jan '24 30
  • December '23 Dec '23 36
  • November '23 Nov '23 33
  • October '23 Oct '23 56
  • September '23 Sep '23 48
  • August '23 Aug '23 43
  • July '23 Jul '23 49
  • June '23 Jun '23 44
  • May '23 May '23 35
  • April '23 Apr '23 23
  • March '23 Mar '23 34
  • February '23 Feb '23 30
Number of REFI Loans i
33
(Jan 2024)
+83.3%
year-over-year
y-o-y
  • January '24 Jan '24 33
  • December '23 Dec '23 29
  • November '23 Nov '23 41
  • October '23 Oct '23 44
  • September '23 Sep '23 43
  • August '23 Aug '23 51
  • July '23 Jul '23 48
  • June '23 Jun '23 34
  • May '23 May '23 38
  • April '23 Apr '23 31
  • March '23 Mar '23 28
  • February '23 Feb '23 19
Number of HELOC Loans i
10
(Jan 2024)
year-over-year
y-o-y
  • January '24 Jan '24 10
  • December '23 Dec '23 15
  • November '23 Nov '23 26
  • October '23 Oct '23 20
  • September '23 Sep '23 24
  • August '23 Aug '23 30
  • July '23 Jul '23 24
  • June '23 Jun '23 15
  • May '23 May '23 21
  • April '23 Apr '23 12
  • March '23 Mar '23 17
  • February '23 Feb '23 11

Somerset County, ME Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Somerset County, ME Foreclosure Activity

There were a total of 5 Somerset County, ME properties with a foreclosure filing in January 2024.

Total Foreclosure Filings i
5
(Jan 2024)
-44.4%
year-over-year
y-o-y
  • January '24 Jan '24 5
  • December '23 Dec '23 8
  • November '23 Nov '23 9
  • October '23 Oct '23 4
  • September '23 Sep '23 11
  • August '23 Aug '23 5
  • July '23 Jul '23 7
  • June '23 Jun '23 6
  • May '23 May '23 4
  • April '23 Apr '23 5
  • March '23 Mar '23 8
  • February '23 Feb '23 2
Foreclosure Starts i
3
(Jan 2024)
-40%
year-over-year
y-o-y
  • January '24 Jan '24 3
  • December '23 Dec '23 5
  • November '23 Nov '23 8
  • October '23 Oct '23 3
  • September '23 Sep '23 4
  • August '23 Aug '23 2
  • July '23 Jul '23 7
  • June '23 Jun '23 5
  • May '23 May '23 2
  • April '23 Apr '23 4
  • March '23 Mar '23 5
  • February '23 Feb '23 1
Completed Foreclosures (REOs) i
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 3
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 5
  • April '23 Apr '23 2
  • March '23 Mar '23 1
  • February '23 Feb '23 3
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