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 | # Sold | Avg. Sale $ | Median Sale $ | SP:OP |
| Condo | ||||
| YE 2019 | 537 | $787,359 | $742,000 | 100% |
| YE 2020 | 440 | $819,595 | $780,000 | 100% |
| YE 2021 | 633 | $850,127 | $785,000 | 101% |
| YTD 8-31-21 | 448 | $855,375 | $795,000 | 102% |
| YTD 8-31-22 | 345 | $887,442 | $815,000 | 102% |
| Single Family | ||||
| YE 2019 | 76 | $973,717 | $875,000 | 102% |
| YE 2020 | 74 | $1,000,046 | $920,000 | 104% |
| YE 2021 | 89 | $1,080,142 | $965,000 | 102% |
| YTD 8-31-21 | 59 | $1,068,291 | $930,000 | 102% |
| YTD 8-31-22 | 46 | $1,305,174 | $1,200,000 | 107% |
| Multi-Family | ||||
| YE 2019 | 150 | $1,305,309 | $1,150,000 | 96% |
| YE 2020 | 180 | $1,406,494 | $1,215,000 | 97% |
| YE 2021 | 224 | $1,357,104 | $1,200,000 | 97% |
| YTD 8-31-21 | 152 | $1,243,034 | $1,200,000 | 97% |
| YTD 8-31-22 | 110 | $1,473,540 | $1,275,000 | 103% |
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 Type | YE 2019 | YE 2020 | YE 2021 | YTD 8-31 2021 | YTD 8-31 2022 |
| Condo: | 644 | 668 | 737 | 538 | 491 |
| Single-Family: | 100 | 123 | 120 | 78 | 88 |
| Multi-Family | 234 | 277 | 305 | 225 | 181 |
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®
Additional Market Statistics:
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.
