“Nikki Faulkner did an outstanding job assisting me purchase of my first home, Nikki she kept me well informed through my Bid to close, I would 100% recommend Nikki for your Realtor needs.”
Sester & Co. Realty
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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for November 2026.*
*Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.
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Somerset real estate Market Report.
Information and statistics on the latest trends in the Somerset real estate market. *
Latest Rolling 3-Month Snapshot
Jul 1, 2026 - Sep 30, 2026
Median sale price
$191K
-24%
from Q2 '26
Median list price
$223K
-14%
from Q2 '26
Active listings
96
-4%
from Q2 '26
Homes sold
35
-10%
from Q2 '26
New pendings
41
+2.5%
from Q2 '26
New listings
43
-17%
from Q2 '26
Quarterly Pricing Trends for Somerset
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Somerset
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Somerset
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Somerset
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Somerset
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Somerset
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
23
Seller’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).
Somerset currently leans toward sellers, with the market gauge indicating a seller’s market even as conditions cool. Months of supply sits at 5.1 in the latest rolling three-month view, down from 7.2 a year earlier, pointing to somewhat tighter inventory than last fall. At the same time, only about 5.88 percent of homes are selling above list price, showing buyers have gained some negotiating room.
Prices have held fairly steady year over year, with the typical home value up slightly by about 2 percent compared with last September. Sales activity has picked up, as homes sold are up nearly 8 percent year over year even though new listings are down almost 20 percent, which helps explain the seller-leaning gauge.
Homes are taking longer to sell than a year ago, with median days on market rising from 61 to 71 days in the rolling three-month window, and the average sale-to-list ratio has slipped to just under 95 percent, signaling more discounting from list prices. Active listings have declined about 10 percent since last year, yet pending sales are roughly flat, suggesting that demand is still meeting much of the available supply. With this mix of softer pricing power but limited inventory, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands how to navigate Somerset’s shifting conditions.
Learn more about what Somerset has to offer.
Somerset offers residents a balanced mix of outdoor recreation, a close-knit community, and a thriving downtown with local shops, events, and family-friendly amenities.
Somerset stands out from nearby communities like London and Corbin with its rare blend of lake life, small city convenience, and a strong sense of local pride. Set near the shores of Lake Cumberland, the city draws boaters, anglers, and vacationers, yet retains a year round residential feel that appeals to families, professionals, and retirees alike.
Downtown has undergone steady revitalization, with local dining and events helping define its identity. The monthly Somernites Cruise gives the city a regional draw and brings classic cars, live music, and visitors into the core. Outdoor recreation is central to daily life, from marinas on the lake to nearby Cumberland Falls State Resort Park and the Daniel Boone National Forest. Families value access to Pulaski County Schools and community resources like the Pulaski County Public Library.
Housing in Somerset ranges from established in town neighborhoods to newer subdivisions and rural properties on the edges of Pulaski County. Inventory and pricing can move quickly, especially near popular lake corridors and commuter routes to Lexington.
Whether you are preparing to sell a long held home or time a move to the area to catch the right property, having a knowledgeable local guide is crucial. Agent Pronto can connect both buyers and sellers with a Somerset real estate professional who understands the market and the community.
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“Terra is amazing! She made us feel completely supported throughout the entire process, and we never, ever felt pushed to settle. She quickly understood what we were looking for and skillfully guided us through several showings via FaceTime while we were moving from out of state. Terra is a shrewd negotiator and an amazing problem solver - she always has a Plan B, and sometimes even a Plan C, up her sleeve! We really felt that she had our back throughout the process, and her expertise and persistence made a huge difference. We are extremely happy with her services and would recommend her without any hesitation!”
Keller Williams Keller Wiliams Greater Lexington
“We had such a great experience working with Priscilla! From start to finish, everything was handled with professionalism, patience, and care. She always quick to answer questions, kept us informed every step of the way, and made what could have been a stressful process feel smooth and manageable. We’re so thankful for her hard work and dedication in helping us get to closing day. Highly recommend!”
Keller Williams Legacy Group
“My goodness, we can't say enough good things about Kathy. She went so far above and beyond what we expect from a real estate agent. From our first look at the property, all the way through closing, Kathy was right there and helped out with things way beyond normal. We wanted many service personnel to look at the property since we were purchasing remotely and she patiently babysat all of the folks we had trooping through the property. What made her most pleasant to deal with is that she is a genuinely nice human being; very professional, courteous, and respectful. Highly recommend.”
RE/MAX Realty Source
“Amanda was amazing to work with. Kept in contact with me and was quick to reply if I had questions. I’m so glad she was apart of me finding my forever home!”
eXp Realty
“Stephanie helped us from beginning to end of selling our home. She answered all of our questions & made the process as smooth as possible. She was is very knowledgeable and we appreciate her walking us through the entire process.”
Century 21 Pinnacle
“James Martin understood what we wanted and needed. He worked with our schedules so we could look at houses and helped us pick the perfect house for us.”
Realty World Adams & Associates
“Jamie was amazing to work with. She always answered my questions quickly and let me know of things I should know about. As a first time home buyer as myself I would highly recommend this amazing person. I can't thank her enough for all that she's done for me.”
Homepage Realty
“Erin did an exceptional job with selling our home and assisting us in the purchase of a new house. Erin has a vast knowledge of the market and left no stones unturned during both processes. We recommend Erin 10/10!!”
Bluegrass Properties Group
“I cannot recommend Nora highly enough! It was our first time buying a home, so we didn't know what to expect from a realtor, but we warmed to Nora SO quickly-- she's incredibly knowledgable, super friendly, easygoing, and it felt like at times she was moving mountains for us! She was consistently available and there was never a problem she couldn't solve. She is excellent at this job. We agreed that she has "mother bear" energy; if you are working with Nora, trust that she will absolutely take care of you and advocate for you. At times we felt like we should have been doing more, but Nora took the horse by the reigns! I don't anticipate buying another home again soon (ha), but when I do, I am going to call her immediately.”
Keller Williams Commonwealth
“Chris went above and beyond to help me, my mother, and the sale of the home . He was in constant communication and we had a great experience with him ”
Dream Maker Realty
“Janet was the best realtor i could have ever as this was my first time buying a house and selling one too we got our house ready in less then a week to sell and janet was here every step of the way helping we made a great team you dont find many realtors willing to help you pack up all your stuff and get your house ready for showing shes always been quick to respond back to any questions we have had and made this process so easy and so smooth i would definetely recommend if your in the buying or selling market shes the one to go to we just love her along with our children!”
RE/MAX ELITE Realty
“Julie took the criteria for a home we wanted and arranged several viewings to be done in one day. At the end of only one day looking at houses, we had a contract to buy the perfect home for us. I appreciate her expertise in working with builders, other agents, and lenders to make the process remarkably easy. We are looking forward to our new home. Thanks Julie!”
Keller Williams Commonwealth
“We had a very honest and friendly relationship with her and she helped us find everything we where looking for in a forever home .she took care of finding us a garage and 2 bathrooms and large yard for our dog's.”
Prosperity Real Estate
“great knowledge as a realtor, would highly recommend to anyone buying or selling property, have done both over the years, exceptional person and realtor”
Distinctive Living
“Tyler Higgins hooked us up with an amazing home, an amazing price, in the exact area we were looking at....within a week!!!! I can’t recommend him enough for a smooth and easy home buying experience. He is a man of integrity and will work for you!”
eXp Realty The Sequoia Group
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Somerset. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Somerset Realtor® or real estate agent today.
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