Somerville, MA Home Values & Market Trends

Real estate market trends reflect that there have been 685 transactions over the past year in Somerville. The median value for residential home transactions that occurred over the previous year is $987,413.87. The number of current listings in Somerville is 13, and the percentage of properties for sale in the city is 13.00%. Somerville, MA currently has 5 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 13 properties for sale.

Somerville, MA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
02144

$ 1,102,279

$ 544/sqft

02145

$ 1,022,000

$ 525/sqft

02143

$ 1,143,922

$ 651/sqft

Housing Market Summary for Somerville, MA

Mar 2023February 2024Change
Median Listing Price$967K$962K-0.52%
Median Sold Price$912.3K$962K5.45%
Homes For Sale2214-36.36%
Homes Sold277260-6.14%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Somerville, MA

Somerville home values range from $48,775 to $6,309,621. The median estimated value of a home in Somerville is $987,413.87. The median list price of a home is 1,150,000, and the total count of properties in the city is 16,462.

Foreclosure
There are 3 zips within Somerville, MA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,390,000 in 02143 to the lowest value of $832,300 in 02143. Foreclosure homes account for 0.00% of properties in Somerville, MA with 02145 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.02% of all residential properties in Somerville, MA with 02145 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Somerville, MA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,220,000 in 02144 to the lowest home value of $1,075,000 in 02145.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Somerville, MA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Somerville, MA. There are 3 zips within Somerville, MA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    02145 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Somerville, MA. Auction homes and other auction properties account for 0.01% of all properties in Somerville, MA. There are 3 zips within Somerville, MA; of those zips, the median estimated home value for homes going to auction ranges from $0 in 02143 to the lowest value of $832,300 in 02143.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in Somerville, MA with 02144 containing 6 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Somerville, MA; homes for sale in those zips, have a range of median values from $1,766,000 in 02143 to the lowest value of $489,900 in 02145.
    Sold Homes
    The median value for recently sold homes ranges from $2,105,569 in 02144 to the lowest price of $59,500 in 02144. There are 3 zips within Somerville, MA. 02145 has 86 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.51% of properties in Somerville, MA.

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      Guide for Somerville, MA

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      Recently Listed Homes Somerville, MA

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