Is Somerset Center, MI 49282 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Somerset Center is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Somerset Center housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Hillsdale County, MI

Population	82
Median income	$34,911
Average income	$37,820
Owner-occupied	88% of homes
Median year built	1999

Natural hazard riskTornadoes (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 49282; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 49282

Prefilled for 49282Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49282Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allen 49227 — /sq ft Camden 49232Buyer’s market $206 /sq ft Hillsdale 49242Balanced $147 /sq ft Jerome 49249Seller’s market $196 /sq ft Browse all markets →

Where Somerset Center is

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Questions about Somerset Center real estate

What are property taxes in Somerset Center?

About 0.99% of a home’s value a year in Hillsdale County, or roughly $3,960 on a $400,000 home.

Local agents

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More tools for 49282

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hillsdale County property taxes Hillsdale County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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