Somerset, WA Housing Market
Somerset, WA November 2025 Housing Market
Video edited on Kapwing
October 2025 was a Seller's market! The number of for sale listings was up 200% from one year earlier and up 20% from the previous month. The number of sold listings decreased 20% year over year and increased 166.7% month over month. The number of under contract listings was down 42.9% compared to previous month and down 60% compared to previous year. The Months of Inventory based on Closed Sales was 1.5, up 275% from the previous year.
The Average Sold Price per Square Footage was down 13.6% compared to previous month and up 2.4% compared to last year. The Median Sold Price decreased by 3.7% from last month. The Average Sold Price also increased by 2.1% 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 downward trend, was the same compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, a decrease of 2% compared to previous year.
It was a Seller's Market
Property Sales (Sold)
October property sales were 8, down 20% from 10 in October of 2024 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 8 units of 200%. 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 20% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 42.9% in the pended properties in October, with 4 properties versus 7 last month. This month's pended property sales were 60% lower than at this time last year.
All reports are published November 2025, based on data available at the end of October 2025, 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 October 2025 Average Sold Price per Square Footage of $674 was down 13.6% from $780 last month and up 2.4% from $658 in October of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward 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 October 2025 was 7, down 69.6% from 23 days last month and the same as in October 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 99% was down 2% % from last month and down from 2% % in October of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published November 2025, based on data available at the end of October 2025, 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 October was $2,178,000, down 8.6% from $2,384,000 in October of 2024 and down 2.8% from $2,241,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in October was $1,776,000, down 20.7% from $2,240,000 in October of 2024 and up 2.1% from $1,740,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in October was $1,695,000, down 20.8% from $2,139,000 in October of 2024 and down 3.7% from $1,761,000 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 October 2025 Months of Inventory based on Closed Sales of 1.5 was increased by 275% compared to last year and down 54% compared to last month. October 2025 was Seller's market.
Months of Inventory based on Pended Sales
The October 2025 Months of Inventory based on Pended Sales of 3 was increased by 650% compared to last year and up 112% compared to last month. October 2025 was Neutral market.
All reports are published November 2025, based on data available at the end of October 2025, 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 October 2025 Absorption Rate based on Closed Sales of 66.7 was decreased by 73.3% compared to last year and up 122.3% compared to last month.
Absorption Rate based on Pended Sales
The October 2025 Absorption Rate based on Pended Sales of 33.3 was decreased by 86.7% compared to last year and down 52.4% compared to last month.
All reports are published November 2025, based on data available at the end of October 2025, 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.
