Photo: 4300streetcar · CC BY 4.0581 homes sold in Somerville in the last year, at a typical $1M
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Somerville homes are listed.
Every place Somerville homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Somerville.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
57% of Somerville’s sales are condos, at $613K less than a house
67 houses and 334 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 67 sold in 12 months
- Per square foot
- $711MA $368
- Days to sell
- 32
- Sold over asking
- 43%
- Listings with a price cut
- 35%
typical sale · 334 sold in 12 months
- Per square foot
- $758MA $562
- Days to sell
- 28
- Sold over asking
- 37%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 140 sold, typical $1.3M
Townhouses: 40 sold, typical $1.1M
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.6 times the 2016 price
581 sales in the last year, against 928 in 2021 and a low of 570 in 2023. The typical sale went from $666K in 2016 to $1M.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $1.1M buys in Somerville
Check a listing against what Somerville homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Somerville are rarer than before the pandemic, and more homes are for sale
We read every month of Somerville’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 581 sales.
If you’re buying in Somerville
- Shop in September. It brings about 114 new listings a month, close to the busiest month, with fewer bidding wars (48% over asking).
- Some room to negotiate. 26% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.2% of the list price on average; 39% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Fall brings the homes; summer brings the bidding wars
September has the most new listings (about 114 a month), but June is the most competitive: 63% of June sales close over asking. January has the least competition (28%) but only about 47 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Massachusetts
| Somerville now | 2017–19 | 2021 peak | MA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 54% | 48% | 45% |
| Gone within two weeksShare of homes under contract within 14 days | 48% | 56% | 56% | 49% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | 29% | 25% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 102.6% | 101.7% | 100.4% |
| Days to sellMedian days from listing to contract | 26 | 15 | 26 | 27 |
130 homes for sale on a typical day
That’s twice the 2017 low (66), 36% more than in 2017–19 and well under 2012’s 205.
1 in 4 listings has cut its price
26% in the last year, against 29% in 2017–19 and 25% across Massachusetts.
Since 2019, houses are up 65%, condos 20%
A house typically sold for $1.5M in the last year (67 sales), a condo for $863K (334).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Somerville ranks 155th of 206 busy Massachusetts markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Somerville is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Somerville home costs about $5,980 a month
Price: Somerville’s typical sale, last 12 months. Property tax at Somerville’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Somerville is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. December has the fewest, about 22.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $1M home, about $7,020 a year.
Taxes vs. neighborsSchools
The schools grade for Somerville, from test results, graduation and how much students grow.
Schools in SomervilleTypical commute
The average one-way trip to work for people who live in Somerville.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Medford, Everett, Malden, Chelsea and Arlington sell for less a square foot; Cambridge for far more
The busier markets within 25 miles of Somerville, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Cambridge | 670 | $1.2M | $903 | 41% | 28 |
| Somerville | 581 | $1M | $667 | 39% | 26 |
| Arlington | 461 | $1.1M | $610 | 53% | 16 |
| Medford | 452 | $873K | $496 | 48% | 26 |
| Malden | 305 | $733K | $424 | 55% | 25 |
| Everett | 196 | $709K | $402 | 55% | 22 |
| Chelsea | 146 | $509K | $422 | 32% | 38 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Somerville, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Somerville. People who follow the town see it, and so do people comparing Somerville with their own town. No commission, no listing fee.
Questions about buying a home in Somerville
What do homes sell for in Somerville, MA?
581 homes sold in the year to May 2026 at a typical $1M, $667 a square foot. Houses sold for about $1.5M, condos for about $863K.
Is Somerville a buyer’s or seller’s market?
A seller’s market: 185 homes were for sale in May 2026 and 56 sold, about 3.3 months of supply. Buyers paid 100.2% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Somerville?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Somerville?
About 0.7% of a home’s value a year. On a $1M home that’s near $7,020.
Where can I see homes for sale in Somerville?
Zillow, Redfin, Realtor.com and Homes.com all carry Somerville’s MLS listings; the search links above open each one filtered to Somerville.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).