Home Sale Prices Somerville MA:  2019 – 2022

Comparison of market statistics for residential Condominium, Single Family, and Multi-Family homes sold in Somerville, MA from 2019 to 2022.

Property Type# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2019537$787,359$742,000100%
YE 2020440$819,595$780,000100%
YE 2021633$850,127$785,000101%
YTD 8-31-21448$855,375$795,000102%
YTD 8-31-22345$887,442$815,000102%
Single Family
YE 201976$973,717$875,000102%
YE 202074$1,000,046$920,000104%
YE 202189$1,080,142$965,000102%
YTD 8-31-2159$1,068,291$930,000102%
YTD 8-31-2246$1,305,174$1,200,000107%
Multi-Family
YE 2019150$1,305,309$1,150,00096%
YE 2020180$1,406,494$1,215,00097%
YE 2021224$1,357,104$1,200,00097%
YTD 8-31-21152$1,243,034$1,200,00097%
YTD 8-31-22110$1,473,540$1,275,000103%

KEY:  YE = Year End    YTD = Year To Date    SP:OP = Sales Price to Original Price Ratio
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved

Housing Inventory Somerville MA:  2019 – 2022

Comparison of the total number of residential Condominium, Single Family, and Multi-Family homes listed for sale in Somerville, MA from 2019 to 2022.

Property TypeYE 2019YE 2020YE 2021YTD 8-31 2021YTD 8-31 2022
Condo:644668737538491
Single-Family:1001231207888
Multi-Family234277305225181

KEY:  YE = Year End    YTD = Year To Date
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved

Location & Governance

Somerville is located 2 miles northwest of downtown Boston and comprised of 4.1 square miles of land.  The zip codes for Somerville, Massachusetts are 02143, 02144, and 02145.

Settled in 1630 and incorporated as a city in 1872; Somerville is run by “Mayor-City Council” style of governance.

Residential Taxes

The Fiscal Year 2022 residential tax rate for Somerville, MA is 10.18%.  Residential Taxes in Massachusetts

Housing Overview

With a population of 75,754 residents, the average household size in Somerville, MA is 2.29 persons and the median household income is $66,866.  Of 33,720 total housing units, 31% are owner-occupied, 64% are rented and 5% are vacant.

Sources: U.S. Census Bureau 2010-2014; City of Somerville MA; MLS Pinergy®

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Tamela Roche

Contact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to purchase a new home in Somerville, MA.

Clients also receive my Residential Market Analysis with comprehensive market data and historical home sale trends for Somerville and surrounding cities and towns.