Somerville, Massachusetts is located 2 miles northwest of downtown Boston, MA on 4.1 square miles of land. Settled in 1630 and incorporated as a city in 1872, Mayor-City Council is the style of governance. With a population of 75,754 residents, the average household size is 2.29 persons and median household income is $66,866. Of 33,720 total housing units, 31% are owner-occupied, 64% rented and 5% vacant. The Fiscal Year 2020 residential tax rate for Somerville, MA is 10.09%.
Sources: U.S. Census Bureau 2010-2014; City of Somerville, MA; MLS Pinergy®
Residential Sales: Somerville, MA
Comparison of market statistics for residential sales of Condo, Single Family, and Multi-Family properties in Somerville, MA by Tamela Roche, Realtor®.
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2018 | 495 | $777,683 | $735,000 | 102% |
| YE 2019 | 537 | $787,359 | $742,000 | 100% |
| Single Family | ||||
| YE 2018 | 91 | $923,762 | $795,000 | 102% |
| YE 2019 | 76 | $973,717 | $875,000 | 102% |
| Multi-Family | ||||
| YE 2018 | 198 | $1,204,627 | $1,117,500 | 106% |
| YE 2019 | 150 | $1,305,309 | $1,150,000 | 96 |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2020 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory: Somerville, MA
Comparison of the total number of Condo, Single Family, and Multi-Family homes listed for sale in Somerville, MA by Tamela Roche, Realtor®.
| YE 2018 | YE 2019 | |
| Condo: | 654 | 644 |
| Single-Family: | 134 | 102 |
| Multi-Family | 277 | 234 |
Data Source: MLS Pinergy®
©2020 Intellectual property of Tamela Roche, all rights reserved.
Contact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to begin your new home search. All Clients receive the Residential Market Analysis by Tamela with comprehensive market data and historical home sale trends.
