Real Estate & Homes for Sale in Somerset, MA

$449,900 Active

141 Randall Ave Somerset, Massachusetts

3 Beds 1 Baths 1,468 SqFt 0.150 Acres

$475,000 Pending

540 South St Somerset, Massachusetts

3 Beds 2 Baths 1,832 SqFt 0.540 Acres

$500,000 Active

39 Paul Dr Somerset, Massachusetts

3 Beds 1 Baths 1,132 SqFt 0.310 Acres

$1,200,000 Active

43 Mayes Ave Somerset, Massachusetts

5 Beds 4 Baths 3,612 SqFt 0.840 Acres

$439,900 Pending

46 Edmund St Somerset, Massachusetts

3 Beds 1 Baths 1,366 SqFt 0.270 Acres

$999,999 Active

109 Pilot Dr Somerset, Massachusetts

4 Beds 4 Baths 2,710 SqFt 0.290 Acres

$429,900 Pending

41 Thurber Ave Somerset, Massachusetts

3 Beds 1 Baths 1,170 SqFt 0.190 Acres

$424,900 Pending

30 Gray Street Somerset, Massachusetts

3 Beds 1 Baths 1,469 SqFt 0.150 Acres

$659,000 Pending

480 North St Somerset, Massachusetts

4 Beds 3 Baths 2,200 SqFt 0.420 Acres

$799,990 Active

57 Oneil Rd Somerset, Massachusetts

4 Beds 2 Baths 3,000 SqFt 0.520 Acres

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About Somerset, MA

Somerset is a picturesque town located in Bristol County, Massachusetts. Established in 1677 and incorporated in 1790, this town boasts a rich history that intertwines with the growth and development of the United States. With a total area of 12.0 square miles, Somerset is bordered by the serene waters of Mount Hope Bay and Narragansett Bay. The Taunton River also forms its eastern boundary, adding to the town’s scenic beauty.

In the 2020 census, Somerset recorded a population of 18,303 residents. Notably, the town is the birthplace of Clifford Milburn Holland, the chief engineer behind the renowned Holland Tunnel in New York City. Historically, Somerset was a significant shipping point, especially after the War of 1812, making it one of America’s primary distribution hubs. The town also played a pivotal role in coal porting in 1872 and housed a significant cannery in the early 20th century. However, as industries in neighboring Fall River expanded, Somerset transitioned into a more suburban character.

Today, Somerset is part of the South Coast region of Massachusetts, which includes communities surrounding Buzzards Bay, Mount Hope Bay, and the Sakonnet River. The town’s legacy, natural beauty, and strategic location make it a unique and cherished part of Massachusetts.

Different Property Types in Somerset, MA

Somerset, MA, a charming town nestled along the banks of the Taunton River and Mount Hope Bay, boasts a variety of property types that cater to a diverse range of preferences and lifestyles. Here’s a breakdown of the different property types you can find in Somerset:

  1. Single-Family Homes: Predominantly found in Somerset, these homes range from traditional Cape Cod styles to more contemporary designs. Many come with spacious yards, making them ideal for families and those who enjoy outdoor activities.

  2. Waterfront Properties: Given Somerset’s proximity to water bodies, there are several waterfront properties available. These homes often provide stunning views of the bay or river and may come with private docks or beach access.

  3. Condominiums and Townhouses: For residents seeking a more communal living experience with less maintenance, Somerset offers a selection of condos and townhouses. These often come with shared amenities such as pools or fitness centers.

  4. Historic Homes: Reflecting Somerset’s rich history, there are several historic homes in the area. These properties often retain their original architectural features, offering residents a unique blend of historical charm and modern conveniences.

  5. New Developments: As Somerset continues to evolve, new residential communities and developments are emerging, offering modern designs and amenities to cater to the needs of today’s homeowners.

  6. Vacant Land: For those looking to build a custom home, Somerset has parcels of vacant land available. This provides potential homeowners the flexibility to design a home that fits their specific needs and preferences.

  7. Multi-Family Homes: These properties are ideal for investors or homeowners looking for additional rental income. Multi-family homes are divided into several units, each with its own living facilities.

  8. Luxury Estates: For those seeking upscale living, Somerset has a few luxury estates. These properties often come with expansive grounds, high-end finishes, and amenities such as swimming pools, tennis courts, or guest houses.

  9. Senior Living Communities: Catering to the older demographic, there are properties within senior living communities in Somerset. These communities often provide additional services like healthcare, communal dining, and recreational activities.

  10. Commercial Properties: Beyond residential spaces, Somerset also offers commercial properties suitable for various businesses, from retail outlets to office spaces.

In summary, Somerset, MA provides a diverse array of property types to suit different needs, whether you’re seeking a historic home with character, a modern condo with shared amenities, or a waterfront property with breathtaking views. The town’s blend of history, natural beauty, and modern amenities makes it a desirable location for many.

Somerset, MA Real Estate Market

The Somerset, MA housing market has witnessed notable shifts and trends, positioning itself as a highly competitive arena for potential homebuyers and sellers.

As of recent data, the median sale price of homes in this picturesque town stands at $440K, marking a 3.5% increase from the previous year. This upward trajectory is further emphasized by the 5.6% rise in the median sale price per square foot, which now rests at $337.

Delving deeper into the market dynamics, homes in Somerset are selling at a brisk pace, typically closing deals within 15 days on the market. This is a commendable acceleration from the previous year’s average of 22 days.

June 2023, in particular, saw a surge in sales activity with 23 homes sold, a significant increase from the 17 homes sold during the same month in the preceding year. However, the sale-to-list price ratio experienced a slight dip, settling at 103.0%, a decrease of 1.2 percentage points year-over-year. Migration and relocation trends further enrich the narrative. Between May and July 2023, while 21% of Somerset’s homebuyers contemplated moving out, a substantial 79% were inclined to remain within the metropolitan confines.

Nationally, Somerset attracted attention, with 3% of homebuyers from metros like Hartford, CT, and New York, NY, considering a move to this town. In contrast, popular relocation destinations for Somerset residents included places like Portland, ME, and Miami, FL. This data underscores the vibrant and dynamic nature of Somerset’s real estate landscape, offering invaluable insights for stakeholders.

FAQs about Somerset, MA Real Estate

What is the current median sale price of homes in Somerset, MA?

As of the latest data, the median sale price of homes in Somerset is $440K, reflecting a 3.5% increase from the previous year.

How quickly are homes selling in Somerset?

Homes in Somerset typically sell within 15 days on the market, which is faster than the 22-day average from the previous year.

What is the sale-to-list price ratio in Somerset?

The sale-to-list price ratio for homes in Somerset stands at 103.0%, indicating that homes generally sell for about 3% above their listing price.

Are there any notable historical sites in Somerset?

Yes, Somerset has several historical sites that showcase its architectural and suburban development over the years, such as the Allen-West House and O’Bannon Mill.

How has the population of Somerset changed over the years?

As of the 2020 census, Somerset had a population of 18,303 residents. The town has seen various shifts in its population over the years, influenced by factors like industrial growth and suburban development.

 

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