Somerset WA Housing Market
Somerset, WA July 2026 Housing Market
Video edited on Kapwing
June 2026 was a Neutral market! The number of for sale listings was up 162.5% from one year earlier and up 31.3% from the previous month. The number of sold listings decreased 28.6% year over year and decreased 44.4% month over month. The number of under contract listings was down 14.3% compared to previous month and down 53.8% compared to previous year. The Months of Inventory based on Closed Sales was 4.2, up 271.2% from the previous year.
The Average Sold Price per Square Footage was down 19.3% compared to previous month and down 16.4% compared to last year. The Median Sold Price decreased by 7.8% from last month. The Average Sold Price also decreased by 3.3% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend, a decrease of 33.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 98%, an increase of 1% compared to previous year.
It was a Neutral Market
Property Sales (Sold)
June property sales were 5, down 28.6% from 7 in June of 2025 and 44.4% lower than the 9 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 13 units of 162.5%. 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 31.3% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 14.3% in the pended properties in June, with 6 properties versus 7 last month. This month's pended property sales were 53.8% lower than at this time last year.
All reports are published July 2026, based on data available at the end of June 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 Depreciating*
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 June 2026 Average Sold Price per Square Footage of $587 was down 19.3% from $727 last month and down 16.4% from $702 in June 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 June 2026 was 12, up 300% from 3 days last month and down 33.3% from 18 days in June of last year.
The Sold/Original List Price Ratio was Falling**
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 98% was down 6.7% % from last month and up from 1% % in June of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published July 2026, based on data available at the end of June 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 For Sale Price was Depreciating*
The Average For Sale Price in June was $2,178,000, down 8.4% from $2,377,000 in June of 2025 and down 1.6% from $2,214,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in June was $2,139,000, up 7.8% from $1,984,000 in June of 2025 and down 3.3% from $2,211,000 last month.
The Median Sold Price was Neutral* The Median Sold Price in June was $2,075,000, up
The Median Sold Price in June was $2,075,000, up 3.8% from $2,000,000 in June of 2025 and down 7.8% from $2,250,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Neutral 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 June 2026 Months of Inventory based on Closed Sales of 4.2 was increased by 271.2% compared to last year and up 135% compared to last month. June 2026 was Neutral market.
Months of Inventory based on Pended Sales
The June 2026 Months of Inventory based on Pended Sales of 3.5 was increased by 471.3% compared to last year and up 52.5% compared to last month. June 2026 was Neutral market.
All reports are published July 2026, based on data available at the end of June 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 Neutral 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 June 2026 Absorption Rate based on Closed Sales of 23.8 was decreased by 72.8% compared to last year and down 57.8% compared to last month.
Absorption Rate based on Pended Sales
The June 2026 Absorption Rate based on Pended Sales of 28.6 was decreased by 82.4% compared to last year and down 34.7% compared to last month.
All reports are published July 2026, based on data available at the end of June 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.
