Somerset WA Housing Market
Somerset, WA August 2026 Housing Market
Video edited on Kapwing
July 2026 was a Seller's market! The number of for sale listings was up 83.3% from one year earlier and down 47.6% from the previous month. The number of sold listings decreased 46.2% year over year and increased 40% month over month. The number of under contract listings was the same compared to previous month and up 100% compared to previous year. The Months of Inventory based on Closed Sales was 1.6, up 238.3% from the previous year.
The Average Sold Price per Square Footage was down 2.2% compared to previous month and down 19.3% compared to last year. The Median Sold Price decreased by 20.5% from last month. The Average Sold Price also decreased by 22.6% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend, a decrease of 25% compared to previous year. The ratio of Sold Price vs. Original List Price was 101%, an increase of 2% compared to previous year.
It was a Seller's Market
Property Sales (Sold)
July property sales were 7, down 46.2% from 13 in July of 2025 and 40% higher than the 5 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 5 units of 83.3%. 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 down 47.6% compared to the previous month.
Property Under Contract (Pended)
There was the same number of pended properties in July, 6 properties. This month's pended property sales were 100% higher than at this time last year.
All reports are published August 2026, based on data available at the end of July 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 July 2026 Average Sold Price per Square Footage of $574 was down 2.2% from $587 last month and down 19.3% from $711 in July 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 July 2026 was 9, down 25% from 12 days last month and down 25% from 12 days in July 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 101% was up 3.1% % from last month and up from 2% % in July of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published August 2026, based on data available at the end of July 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 July was $2,127,000, down 9.9% from $2,362,000 in July of 2025 and down 2.3% from $2,178,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in July was $1,655,000, down 19.9% from $2,066,000 in July of 2025 and down 22.6% from $2,139,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in July was $1,650,000, down 16.7% from $1,980,000 in July of 2025 and down 20.5% from $2,075,000 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 July 2026 Months of Inventory based on Closed Sales of 1.6 was increased by 238.3% compared to last year and down 61.9% compared to last month. July 2026 was Seller's market.
Months of Inventory based on Pended Sales
The July 2026 Months of Inventory based on Pended Sales of 1.8 was decreased by 10% compared to last year and down 48.6% compared to last month. July 2026 was Seller's market.
All reports are published August 2026, based on data available at the end of July 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 July 2026 Absorption Rate based on Closed Sales of 63.6 was decreased by 70.7% compared to last year and up 167.2% compared to last month.
Absorption Rate based on Pended Sales
The July 2026 Absorption Rate based on Pended Sales of 54.5 was increased by 9% compared to last year and up 90.6% compared to last month.
All reports are published August 2026, based on data available at the end of July 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.
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Based on information submitted to the MLS GRID as of 9/5/2026 2:54 PM.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.