Is Somerset, CO 81434 a buyer’s or seller’s market?
Somerset is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Somerset housing market right now
In the three months ending August 31, 2026, 0% of homes in Somerset, CO 81434 sold above their list price, the typical home went under contract in 107 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (146 days then) and the median sale price rose 406% to $989,572. Overall, Somerset is more competitive than a year ago, so tougher for buyers.
Within Gunnison County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cimarron 81220 (20% sold over asking) and Crested Butte 81224 (3% sold over asking) are even more competitive.
Run the numbers for 81434
Nearby markets
Almont 81210Buyer’s market $635 /sq ftCimarron 81220Buyer’s market $328 /sq ftCrested Butte 81224Buyer’s market $691 /sq ftCrested Butte 81225Buyer’s market $965 /sq ft Browse all markets →Where Somerset is
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Questions about Somerset real estate
Is Somerset a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Somerset, CO 81434 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 107 days in the latest three months.
Do homes in Somerset sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Somerset?
About 0.29% of a home’s value a year in Gunnison County, or roughly $1,160 on a $400,000 home.
What is the median home price in Somerset?
The median sale price was $989,572 in the three months ending August 31, 2026, about $617 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