Somerville, MA
Housing market overview · Updated weekly
$1.01Mmedian sale price
Homes sold
34
Last 12 weeks
Days on market
46
Average pace
Active listings
68
2.0 months supply
Sale-to-list
100.1%
Above asking
The Somerville housing market is currently classified as a seller's market with a median sale price of $1.01M. Prices have fallen 0.2% compared to last year, with homes spending an average of 46 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Somerville?
The median home sale price in Somerville is $1.01M, down 0.2% from last year.
How long do homes stay on market in Somerville?
Homes typically spend 46 days on market before going under contract.
Is Somerville a buyer's or seller's market?
With 2.0 months of supply, Somerville is currently a seller's market.
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