Location & Governance
Somerville, Massachusetts is located 2 miles northwest of downtown Boston and comprised of 4.1 square miles of land. Settled in 1630 and incorporated as a city in 1872; “Mayor-City Council” is the style of governance.
Housing Overview
With a population of 75,754 residents, the average household size 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. The Fiscal Year 2021 residential tax rate for Somerville, MA is 10.19%.
Sources: U.S. Census Bureau 2010-2014; City of Somerville, MA; MLS Pinergy®
Residential Sales 2019 – 2021: Somerville, MA
The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes sold in 2019, 2020, and the first quarter of 2021 in Somerville, MA.
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2019 | 537 | $787,359 | $742,000 | 100% |
| YE 2020 | 439 | $818,967 | $780,000 | 100% |
| Q1 2021 | 109 | $793,466 | $740,000 | 99% |
| Single Family | ||||
| YE 2019 | 76 | $973,717 | $875,000 | 102% |
| YE 2020 | 74 | $1,000,046 | $920,000 | 104% |
| Q1 2021 | 20 | $971,670 | $804,500 | 96% |
| Multi-Family | ||||
| YE 2019 | 150 | $1,305,309 | $1,150,000 | 96% |
| YE 2020 | 181 | $1,402,922 | $1,210,000 | 102% |
| Q1 2021 | 36 | $1,234,081 | $1,153,700 | 92% |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory 2019 – 2020: Somerville, MA
The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes listed for sale in 2019 and 2020 in Somerville, MA.
| YE 2019 | YE 2020 | |
| Condo: | 644 | 668 |
| Single-Family: | 100 | 125 |
| Multi-Family | 234 | 278 |
Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.
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