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Somerset County, ME Real Estate & Property Data

Somerset County Real Estate Market Trends

Last Updated: April 19, 2024

With up-to-date real estate data get detailed insight into Somerset County, ME sourced from the nation’s leading property data provider. The current median home price in Somerset County, ME is $234,250. Somerset County real estate data shows that there have been a total of 840 residential properties sold over the past 12 months. ATTOM’s Somerset County real estate data indicates that the county has 8 properties in foreclosure.

Somerset County Real Estate Market Trends

Get property data for any address in Somerset County, ME or the country:

Total Residential Properties 22,769

Total Commercial Properties 662

Avg. Home Age (Single Family Home) 49 Years

Avg. Square Feet (Single Family Home) 1,415

Total 2024 Residential Sales (year-to-date) 102

% of Homes Seriously Underwater (Q2 2024) 0.87%

Total 2023 Residential Sales 784

% of Equity Rich Homes (Q2 2024) 28.99%

Effective 2023 Property Tax 0.88%

Total Foreclosure Filings (year-to-date) 13

Somerset County, ME Real Estate Overview

There were 840 residential properties sold in the past year in Somerset County, ME. The median home value in Somerset County, ME is $211,970. There are a total of 22,769 residential properties in the Somerset.

Median Sales Price i

$234,250

(Feb 2024)

+46.4%

year-over-year

y-o-y

February '24 Feb '24 $234,250
January '24 Jan '24 $192,799
December '23 Dec '23 $233,500
November '23 Nov '23 $200,000
October '23 Oct '23 $210,000
September '23 Sep '23 $195,000
August '23 Aug '23 $200,625
July '23 Jul '23 $225,000
June '23 Jun '23 $235,000
May '23 May '23 $242,000
April '23 Apr '23 $142,500
March '23 Mar '23 $175,950

Median Down Payment i

$14,500

(Feb 2024)

-48%

year-over-year

y-o-y

February '24 Feb '24 $14,500
January '24 Jan '24 $10,195
December '23 Dec '23 $24,000
November '23 Nov '23 $26,000
October '23 Oct '23 $36,675
September '23 Sep '23 $10,000
August '23 Aug '23 $22,625
July '23 Jul '23 $36,781
June '23 Jun '23 $28,395
May '23 May '23 $40,000
April '23 Apr '23 $8,750
March '23 Mar '23 $11,550

Number of Homes Sold i

51

(Feb 2024)

-3.8%

year-over-year

y-o-y

February '24 Feb '24 51
January '24 Jan '24 51
December '23 Dec '23 68
November '23 Nov '23 62
October '23 Oct '23 71
September '23 Sep '23 80
August '23 Aug '23 75
July '23 Jul '23 78
June '23 Jun '23 74
May '23 May '23 66
April '23 Apr '23 46
March '23 Mar '23 65

Number of Purchase Loans i

32

(Feb 2024)

+3.2%

year-over-year

y-o-y

February '24 Feb '24 32
January '24 Jan '24 30
December '23 Dec '23 36
November '23 Nov '23 34
October '23 Oct '23 56
September '23 Sep '23 48
August '23 Aug '23 43
July '23 Jul '23 49
June '23 Jun '23 44
May '23 May '23 35
April '23 Apr '23 23
March '23 Mar '23 34

Number of REFI Loans i

24

(Feb 2024)

+26.3%

year-over-year

y-o-y

February '24 Feb '24 24
January '24 Jan '24 33
December '23 Dec '23 29
November '23 Nov '23 41
October '23 Oct '23 44
September '23 Sep '23 43
August '23 Aug '23 51
July '23 Jul '23 48
June '23 Jun '23 34
May '23 May '23 38
April '23 Apr '23 31
March '23 Mar '23 28

Number of HELOC Loans i

15

(Feb 2024)

+36.4%

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 10
December '23 Dec '23 15
November '23 Nov '23 26
October '23 Oct '23 20
September '23 Sep '23 23
August '23 Aug '23 30
July '23 Jul '23 24
June '23 Jun '23 15
May '23 May '23 21
April '23 Apr '23 12
March '23 Mar '23 17

Somerset County, ME Real Estate Market Overview

Last 30 days

City
Median Est. Value
City
Median Est. Value
City
Median Est. Value

Anson
$211,970 $149.76/sqft
Athens
$165,329
Bingham
$172,974
Cambridge
$203,915
Canaan
$200,997 $228.82/sqft
Caratunk
$160,765
Detroit
$249,800
Fairfield
$231,934 $158.26/sqft
Hartland
$190,044 $131.61/sqft
Hinckley
$230,247 $159.01/sqft
Jackman
$217,736
Madison
$198,323 $154.3/sqft
New Portland
$179,562 $136.5/sqft
Norridgewock
$229,660 $156.48/sqft
North Anson
$255,944 $214.01/sqft
Palmyra
$223,878
Pittsfield
$208,257 $139.52/sqft
Rockwood
$324,944
Saint Albans
$205,101 $59.19/sqft
Skowhegan
$220,384 $147.3/sqft
Smithfield
$215,317 $155.54/sqft
Solon
$236,225
West Forks
$180,703
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Somerset County, ME Foreclosure Activity

There were a total of 8 Somerset County, ME properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

8

(Feb 2024)

+300%

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 5
December '23 Dec '23 8
November '23 Nov '23 9
October '23 Oct '23 4
September '23 Sep '23 11
August '23 Aug '23 5
July '23 Jul '23 7
June '23 Jun '23 6
May '23 May '23 4
April '23 Apr '23 5
March '23 Mar '23 8

Foreclosure Starts i

7

(Feb 2024)

+600%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 3
December '23 Dec '23 5
November '23 Nov '23 8
October '23 Oct '23 3
September '23 Sep '23 4
August '23 Aug '23 2
July '23 Jul '23 7
June '23 Jun '23 5
May '23 May '23 2
April '23 Apr '23 4
March '23 Mar '23 5

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 3
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 5
April '23 Apr '23 2
March '23 Mar '23 1

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