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 2019 residential tax rate for Somerville, MA is 10.76%.

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

Residential Sales: Somerville, MA

Comparison of Home Sale Prices 2016, 2017, 2018 (January 1 – December 31)

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2016488$635,140$595,250103%
YE 2017468$698,678$650,000103%
YE 2018495$777,683$735,000102%
Single Family
YE 201686$828,137$718,500102%
YE 201782$798,764$733,750102%
YE 201891$923,762$795,000102%
Multi-Family
YE 2016165$958,707$900,00097%
YE 2017174$1,129,344$1,050,000103%
YE 2018198$1,204,627$1,117,500106%

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.

Residential Inventory: Somerville, MA

Number of Homes Listed for Sale 2016, 2017, 2018 (January 1 – December 31)

YE 2016YE 2017YE 2018
Condo:590578654
Single-Family:114116134
Multi-Family203237277

Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.


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