With only 0.3 months of inventory, Somerville remains a seller's market. The median home price in Somerville currently stands at $180,000. At the current pace, all available homes in Somerville would sell out in just 0.3 months, indicating a continued supply shortage. Homes are taking about 162 days to sell, which is NaN days longer than this time last year. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Somerville market with the affordability index at 1184.2. Looking ahead, the Somerville market is expected to maintain its current trajectory with relatively stable conditions.
Somerville, AL has a total population of 656 residents. The area is predominantly White (87.5%), The African American population is 6.7%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Somerville, AL.
Crime analysis for Somerville, AL shows 3 total incidents across all categories. The most prevalent crime type is Assault (66.7% of all incidents). This is followed by Property Crime at 33.3%. The crime rate in Somerville, AL is very low, with violent crimes being more common than property crimes. This suggests Somerville, AL is generally a safe area for residents and visitors.
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