Is Somerville, AL 35670 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Somerville is a seller’s market. With about 2.5 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score51/ 100

More competitive than 52% of U.S. ZIP codes, and #34 of 249 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.5Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$165▼ −6.8% vs. last year

The Somerville housing market right now

In the three months ending August 31, 2026, 17% of homes in Somerville, AL 35670 sold above their list price, the typical home went under contract in 39 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (50 days then) and the median sale price rose 5% to $279,879. Overall, Somerville is more competitive than a year ago, so tougher for buyers.

Within Morgan County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 86%. On our competition score, Somerville ranks #34 of 249 AL ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Valhermoso Springs 35775 (0% sold over asking) or Eva 35621 (0% sold over asking), while Falkville 35622 (20% sold over asking) is even more competitive.

Nearby markets

Decatur 35601Seller’s market $134 /sq ftDecatur 35603Balanced $151 /sq ftEva 35621Seller’s market $157 /sq ftFalkville 35622Balanced $102 /sq ft Browse all markets →

Where Somerville is

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Questions about Somerville real estate

Is Somerville a buyer’s or seller’s market?

A seller’s market: there were 2.5 months of supply in Somerville, AL 35670 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Somerville?

The typical home went under contract in 39 days in the latest three months.

Do homes in Somerville sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.

What are property taxes in Somerville?

About 0.34% of a home’s value a year in Morgan County, or roughly $1,360 on a $400,000 home.

What is the median home price in Somerville?

The median sale price was $279,879 in the three months ending August 31, 2026, about $165 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology