Momentum Housing Data · Home Values · Pinellas County

SOMERSET LAKES UNIT ONE Home Values: What Homes Actually Sell For

SOMERSET LAKES UNIT ONE (LARGO, FL): 5 recorded closings in the 12 months ending 2026-08-02, a 6-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 96.7% of original asking; the median sale took 18 days (window ending 2026-08-02).

The 6-year recorded price history

Over the recorded series, SOMERSET LAKES UNIT ONE’s median sold price moved from $202,000 (2015) to $460,000 (12 months ending 2026-08-02) — +128% over that span, with every year’s figure from recorded closings, not a model.

The last decade in SOMERSET LAKES UNIT ONE, briefly

The recorded series starts in 2015 at $202,000. Against the 2022 peak of $489,500, the current median stands at -6%. Annual sales volume here has ranged from 0 to 7 closings a year (10-yr average 2.7). With roughly 2.7 closings a year, SOMERSET LAKES UNIT ONE’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 100% single-family residence, with a median of 1,675 sq ft and a median price per square foot of $290 in the current window.

Where SOMERSET LAKES UNIT ONE sales actually landed, 2024–2026

Of the 13 recorded SOMERSET LAKES UNIT ONE closings since 2024, half landed between $370,000 and $459,000 (the middle two quartiles); the lowest recorded sale was $245,000 and the highest $540,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

The SOMERSET LAKES UNIT ONE housing stock, from the live feed

From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 1980 and 2006 (median 1989); 3 of 14 listed or recently sold homes report an HOA, median $120/mo; 2 state no HOA; none of the 14 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 18 ft). See the current SOMERSET LAKES UNIT ONE listings →

At SOMERSET LAKES UNIT ONE’s $460,000 median and Pinellas County’s adopted 19.39 mills (FY2025-26), a home assessed at that price carries roughly $8,920 a year in property tax before exemptions, or about $8,110 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Pinellas County tax page.

Selling in SOMERSET LAKES UNIT ONE right now: what the record says

Current asking prices run a median $582,446 against the $460,000 recorded sold median (+27%) — the gap between what sellers hope and what the record shows. The market is carrying about 1.6 months of supply at the current sales pace. Demand check: 50% of SOMERSET LAKES UNIT ONE’s listings are under contract, against 27% for ZIP 33773 and 21% for Pinellas County as a whole — the community is absorbing faster than its surroundings. Since 2010, 21 SOMERSET LAKES UNIT ONE listings were withdrawn, canceled, or expired without selling — overpricing is the recurring cause statewide. Over the recorded years, an average of 32% of SOMERSET LAKES UNIT ONE listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 0%. Momentum’s market-heat index for SOMERSET LAKES UNIT ONE reads 69/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 0% of recorded SOMERSET LAKES UNIT ONE sales in the window ending 2026-06 (0 of 5) — a fact worth knowing before assuming every buyer needs an appraisal to close. With asking prices running +27% over the recorded sold median, a SOMERSET LAKES UNIT ONE listing priced against the closed record above stands out against its competition; one priced against the asking crowd joins the statewide list of homes that never sold.

How SOMERSET LAKES UNIT ONE compares with its neighbors

Communities buyers shopping SOMERSET LAKES UNIT ONE are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

Assigned public schools

Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.

More SOMERSET LAKES UNIT ONE: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures