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 | 534 | $787,758 | $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.
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