Real estate market statistics showing the Somerville MA home price for Condo, Single, and Multi-Family homes sold 2021 through 5-31-2026 are provided below.
Somerville MA Home Price
| Property Type | Avg. Sale $ | Median Sale $ | SP:OP | DTO |
| Condo | ||||
| YE 2021 | $850,127 | $785,000 | 101% | 27 Days |
| YE 2022 | $872,366 | $810,000 | 101% | 30 Days |
| YE 2023 | $939,257 | $873,750 | 99% | 37 Days |
| YE 2024 | $1,006,447 | $958,900 | 99% | 34 Days |
| YE 2025 | $940,448 | $895,000 | 100% | 29 Days |
| YTD 5-31-2026 | $957,727 | $875,000 | 99% | 31 Days |
| Single Family | ||||
| YE 2021 | $1,080,142 | $965,000 | 102% | 22 Days |
| YE 2022 | $1,218,409 | $1,100,000 | 103% | 17 Days |
| YE 2023 | $1,226,447 | $974,950 | 100% | 40 Days |
| YE 2024 | $1,360,829 | $1,200,000 | 99% | 28 Days |
| YE 2025 | $1,483,057 | $1,377,500 | 101% | 32 Days |
| YTD 5-31-2026 | $1,584,340 | $1,531,000 | 100% | 34 Days |
| Multi-Family | ||||
| YE 2021 | $1,366,628 | $1,200,000 | 97% | 30 Days |
| YE 2022 | $1,431,988 | $1,250,000 | 100% | 22 Days |
| YE 2023 | $1,318,349 | $1,275,000 | 100% | 25 Days |
| YE 2024 | $1,495,617 | $1,425,000 | 98% | 26 Days |
| YE 2025 | $1,467,659 | $1,375,000 | 98% | 25 Days |
| YTD 5-31-2026 | $1,423,418 | $1,350,000 | 97% | 39 Days |
KEY: YE=Year End YTD=Year To Date SP:OP=Average Sale Price to Original Price Ratio DTO=Average Days to Offer
Data Source: MLS Pinergy® updated 6-10-2026
Copyright ©2026 by Tamela Roche. All Rights Reserved.
Somerville MA Home Listing Inventory 2021 – 2026
We expect the average home price to increase when demand is high and supply is low. A comparison of the total number of homes listed for sale in Somerville MA from 2021 through 5-31-2026 are provided below:
| Property Type | YE 2021 | YE 2022 | YE 2023 | YE 2024 | YE 2025 | YTD 5-31-2026 |
| Condo | 737 | 663 | 553 | 551 | 551 | 313 |
| Single-Family | 120 | 122 | 98 | 128 | 96 | 55 |
| Multi-Family | 305 | 239 | 224 | 197 | 254 | 119 |
KEY: YE=Year End YTD=Year To Date
Data Source: MLS Pinergy® updated 6-10-2026
Copyright ©2026 by Tamela Roche. All Rights Reserved.
Additional Real Estate Market Statistics
Visit my blog for monthly market updates and home sale price trends in 2026 for the Somerville MA Market:
For home sale price trends from 2021 to 2026 in Arlington, Belmont, Cambridge, and Medford MA visit:
Real Estate Market Terms
The following real estate market terms are referenced in real estate market statistics:
Sale Price To Original Price Ratio “SP:OP”
The acronym “SP:OP” stands for “Sale Price to Original Price Ratio” and reflects the final sale price as a percentage of the original list price. When this percentage is above 100% that means the home sold for a higher amount than the original list price.
Days To Offer “DTO”
The term “days to offer” (DTO) refers to the number of days from the original listing date until the date upon which a seller accepts a buyer’s offer to purchase. This represents the most accurate measurement of market speed because it shows the buyer’s true sense of urgency.
Days To Offer vs Days On Market
“Days on market” (DOM) is a term used to measure the number of days from original listing date to the date a property status is changed in MLS to “under agreement”. This status code is highly subjective and used inconsistently; therefore, “days to offer” is the most reliable measurement for market speed.
Average Home Price Somerville MA
How Is Average and Median Price Calculated?
In order to calculate an average home sale price, divide the total number of homes sold by the total sum of all home sale prices. Find the median sale price by sorting the data from the lowest to highest price, then find the middle value. It is not unusual in our local markets for the average sale price and median sale price to be significantly different.
Why Is Median Home Price Important?
Despite the fact that most media outlets will focus on the average home sale price in news about real estate; the median sale price is also very important. Mortgage underwriters watch median home sale price activity to determine risk for lending in any given market. An underwriter will typically analyze median home sale price activity either by a postal zip code or by the county as a whole.
Changes in the median home price will indicate if the home values are increasing or decreasing. Many factors determine the costs associated with a home mortgage loan. For example, borrowers who purchase a home in a market with decreasing median home sale prices may receive a higher mortgage interest rate. For this reason it is very important to give your mortgage lender the property address before submitting an offer to purchase.
About Somerville MA
Location
Somerville, Massachusetts is located 2 miles northwest of Boston and comprises approximately 4.1 square miles of land. The primary postal zip codes in Somerville are 02143, 02144, and 02145.
Style of Government
First settled in 1630, Somerville was later incorporated as a city in 1872 and follows the “Mayor-City Council” style of governing. To learn more about the city government and resident services, visit the official city website: Somerville MA
Residential Taxes in Somerville MA
The residential tax rate in Somerville MA for fiscal year 2026 is 10.98%. Tax rates are stated as a percentage for every $1,000 of the assessed value. Several types of tax savings are available; including a residential exemption for homeowners who qualify. Contact me today for details about Somerville Residential Exemption.
For more information: Residential Taxes in MA
Somerville MA Farmers Markets
There are several farmers markets located in Somerville MA including Davis Square, Union Square, and the Somerville Mobile Farmers Markets. Most of the markets open in May or June with weekly schedules through October. For more details about all of the locations and 2026 schedules visit my blog article Local Farmers Markets 2026.
To learn more about the average home price and other real estate market statistics in Somerville MA, contact me to schedule a Home Seller or Home Buyer Consultation. Primary service areas also include Arlington, Belmont, Cambridge, and Medford, Massachusetts.
