Somerville, MA Home Values & Market Trends
Real estate market trends reflect that there have been 469 transactions over the past year in Somerville. The median value for residential home transactions that occurred over the previous year is $849,000. The number of current listings in Somerville is 357, and the percentage of properties for sale in the city is 357.00%. Somerville, MA currently has 11 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 357 properties for sale.
Somerville, MA Real Estate Market Overview
Housing Market Summary for Somerville, MA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $939.9K | $985K | 4.80% |
| Median Sold Price | $988.2K | $876K | -11.36% |
| Homes For Sale | 348 | 344 | -1.15% |
| Homes Sold | 269 | 252 | -6.32% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Somerville, MA
Browse Homes in Somerville, MA
Somerville home values range from $294,659 to $2,900,000. The median estimated value of a home in Somerville is $849,000. The median list price of a home is 972,000, and the total count of properties in the city is 619.
- Pre-ForeclosurePre-foreclosure homes account for 0.81% of all residential properties in Somerville, MA with 02144 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 $896,242 in 02144 to the lowest home value of $857,925 in 02145.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Somerville, MA ranges from the highest value of $677,000 in 02145 to the lowest value of $677,000 in 02145. Bank owned homes and properties account for 0.32% of properties in Somerville, MA. There are 3 zips within Somerville, MA; 02145 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions02145 has 3 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 0.65% 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 $720,000 in 02145 to the lowest value of $720,000 in 02145.
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Guide for Somerville, MA
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
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