Is Somerville, OH 45064 a buyer’s or seller’s market?
Somerville is a seller’s market. With about 2.4 months of supply and 25% 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 Somerville housing market right now
In the three months ending August 31, 2026, 25% of homes in Somerville, OH 45064 sold above their list price, the typical home went under contract in 48 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (69 days then) and the median sale price fell 21% to $338,803. Overall, Somerville is less competitive than a year ago, which gives buyers more room.
Within Butler County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 67%.
Nearby, buyers who want less competition could look at Trenton 45067 (22% sold over asking) or Fairfield 45014 (23% sold over asking), while Seven Mile 45062 (100% sold over asking) and Hamilton 45015 (45% sold over asking) are even more competitive.
Run the numbers for 45064
Nearby markets
Fairfield 45014Seller’s market $170 /sq ftHamilton 45011Seller’s market $172 /sq ftHamilton 45013Seller’s market $172 /sq ftHamilton 45015Seller’s market $169 /sq ft Browse all markets →Towns like Somerville nearby
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Questions about Somerville real estate
Is Somerville a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Somerville, OH 45064 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 48 days in the latest three months.
Do homes in Somerville sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Somerville?
About 1.22% of a home’s value a year in Butler County, or roughly $4,880 on a $400,000 home.
What is the median home price in Somerville?
The median sale price was $338,803 in the three months ending August 31, 2026, about $152 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