Is Somerset, OH 43783 a buyer’s or seller’s market?
Somerset is a seller’s market. With about 2.7 months of supply and 7% 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.
The Somerset housing market right now
In the three months ending August 31, 2026, 7% of homes in Somerset, OH 43783 sold above their list price, the typical home went under contract in 65 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold faster (74 days then) and the median sale price rose 4% to $319,862. Overall, Somerset is about as competitive as it was a year ago.
Within Perry County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 78%.
Nearby, buyers who want less competition could look at Glenford 43739 (0% sold over asking) or Corning 43730 (0% sold over asking), while Junction City 43748 (50% sold over asking) and Shawnee 43782 (50% sold over asking) are even more competitive.
Run the numbers for 43783
Nearby markets
Corning 43730Seller’s market $131 /sq ftCrooksville 43731Seller’s market $50 /sq ftGlenford 43739Seller’s market $210 /sq ftJunction City 43748Seller’s market $141 /sq ft Browse all markets →Towns like Somerset nearby
Find towns like Somerset in other states →Where Somerset is
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Questions about Somerset real estate
Is Somerset a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Somerset, OH 43783 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 Somerset?
The typical home went under contract in 65 days in the latest three months.
Do homes in Somerset sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Somerset?
About 0.95% of a home’s value a year in Perry County, or roughly $3,800 on a $400,000 home.
What is the median home price in Somerset?
The median sale price was $319,862 in the three months ending August 31, 2026, about $222 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