Somerset WA Housing Market
Somerset, WA May 2026 Housing Market
Video edited on Kapwing
April 2026 was a Seller's market! The number of for sale listings was up 50% from one year earlier and up 9.1% from the previous month. The number of sold listings was the same year over year and increased 166.7% month over month. The number of under contract listings was the same compared to previous month and down 11.1% compared to previous year. The Months of Inventory based on Closed Sales was 1.5, up 50% from the previous year.
The Average Sold Price per Square Footage was up 14% compared to previous month and up 12.4% compared to last year. The Median Sold Price decreased by 2.3% from last month. The Average Sold Price also increased by 5.6% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a neutral trend, an increase of 125% compared to previous year. The ratio of Sold Price vs. Original List Price was 104%, a decrease of 1.9% compared to previous year.
It was a Seller's Market
Property Sales (Sold)
April property sales were 8, the same as in April of 2025 and 166.7% higher than the 3 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 4 units of 50%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 9.1% compared to the previous month.
Property Under Contract (Pended)
There was the same number of pended properties in April, 8 properties. This month's pended property sales were 11.1% lower than at this time last year.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The April 2026 Average Sold Price per Square Footage of $733 was up 14% from $643 last month and up 12.4% from $652 in April of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for April 2026 was 9, up 50% from 6 days last month and up 125% from 4 days in April of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 104% was up 2% % from last month and down from 1.9% % in April of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
The Average For Sale Price was Neutral*
The Average For Sale Price was Neutral*
The Average For Sale Price in April was $2,327,000, down 6.6% from $2,491,000 in April of 2025 and up 4.6% from $2,224,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in April was $2,088,000, down 8.5% from $2,283,000 in April of 2025 and up 5.6% from $1,978,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in April was $1,855,000, down 17.4% from $2,245,000 in April of 2025 and down 2.3% from $1,898,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2026 Months of Inventory based on Closed Sales of 1.5 was increased by 50% compared to last year and down 60% compared to last month. April 2026 was Seller's market.
Months of Inventory based on Pended Sales
The April 2026 Months of Inventory based on Pended Sales of 1.5 was increased by 67.5% compared to last year and up 7.3% compared to last month. April 2026 was Seller's market.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The April 2026 Absorption Rate based on Closed Sales of 66.7 was decreased by 33.3% compared to last year and up 144.5% compared to last month.
Absorption Rate based on Pended Sales
The April 2026 Absorption Rate based on Pended Sales of 66.7 was decreased by 40.7% compared to last year and down 8.3% compared to last month.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
