New Listing
15
$485,000
10 Avon St Apt 16
Somerville, MA 02143
2 bd1 ba645 sqft$752/ft²
Condo
View photos & details
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Somerville, MA Housing Market
Seller's market-1.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Somerville, MA is worth $923,850, fell 1.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $1.08M, +6.7% year over year (through May 2026). With 3.3 months of supply and homes going under contract in about 20 days, Somerville is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $923,850 home is about $4,932/mo in principal and interest.
Key numbers for Somerville, MA
Typical home value
$923,850
-1.6% in 12 months
Zillow, August 2026
Typical asking rent
$3,414/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$1.08M
+6.7% year over year
Redfin, through May 2026
Days on market
20
Fast-moving
Redfin, through May 2026
Active listings
185
3.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$127,056
Home costs 7.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.2%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Somerville a buyer's or seller's market?
Seller's market3.3 months of supply20 days on market101.2% of asking
Somerville, MA is a seller's market, based on 3.3 months of supply and homes selling in about 20 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Somerville housing market data show?
Every row below is Redfin's final published month for Somerville, MA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.08M |
| Median list price | $1.15M |
| Year-over-year price change | +6.7% |
| Median price per sq ft | $724/sq ft |
| Median days on market | 20 days |
| Active inventory | 185 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 101.2% |
| Homes sold (that month) | 56 |
| New listings (that month) | 104 |
| Listings with a price cut | 32.4% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Somerville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Somerville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Somerville home prices moved?
Over the last three years the median sale price in Somerville, MA rose 14.0%, from $945,000 to $1.08M. The live Zillow value series has fell 1.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 32.4% of Somerville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.3 months while the sale-to-list ratio slips below its current 101.2%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Somerville?
Priced off the typical home value of $923,850 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $184,770 | $739,080 | $4,932/mo |
| 5% | $46,193 | $877,658 | $5,857/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,932, that implies roughly $211,372 a year before you add taxes and insurance. The median household in Somerville earns $127,056, about $84,316 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Somerville in the next 12 months?
Tell us your timeline. We send the Somerville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Somerville?
Typical asking rent in Somerville, MA is $3,414/mo, against a typical home value of $923,850. That is a price-to-rent ratio of 22.5x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,932 a month — $1,518 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Somerville?
Active listings in Somerville, MA went from 136 in May 2025 to 185 in May 2026, a +36.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 143 | 84 |
| July 2025 | 145 | 76 |
| August 2025 | 117 | 44 |
| September 2025 | 168 | 114 |
| October 2025 | 151 | 60 |
| November 2025 | 121 | 29 |
| December 2025 | 72 | 21 |
| January 2026 | 73 | 39 |
| February 2026 | 71 | 38 |
| March 2026 | 133 | 123 |
| April 2026 | 185 | 140 |
| May 2026 | 185 | 104 |
Redfin, through May 2026
How does Somerville compare to Massachusetts and the U.S.?
Somerville homes sell for $1.08M — 57% above the Massachusetts median of $688,100. Against the national median of $410,700, Somerville runs 162% higher. Year-over-year, Somerville moved +6.7% against Massachusetts's +0.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Somerville, MA | $1.08M | +6.7% | 20 days |
| Massachusetts statewide | $688,100 | +0.8% | 21 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Somerville
What buyers should watch
- Months of supply, currently 3.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 32.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $925 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $923,850 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Somerville listing goes under contract in 20 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.2% of asking. Price at the number you want and let competition do the rest.
- In the last published month Somerville added 104 new listings against 56 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Somerville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Somerville
There are currently 185 homes listed for sale in Somerville, Massachusetts. The median listing price is $1.1M. Featured listings range from $485,000 to $1,749,000.
New Listing
28
$589,000
373 Somerville Ave Apt D
Somerville, MA 02143
2 bd1 ba764 sqft$771/ft²
Condo
View photos & details
New Listing
22
$649,000
39 Bond St Unit 37
Somerville, MA 02145
2 bd2 ba910 sqft$713/ft²
Condo
View photos & details
New Listing
12
$745,000
101 Prospect St Unit 2
Somerville, MA 02143
2 bd1 ba1,000 sqft$745/ft²
Condo2,532 sqft lot
View photos & details
New Listing
27
$799,900
9 Kidder Ave Unit 2
Somerville, MA 02144
2 bd2 ba932 sqft$858/ft²
Condo7,125 sqft lot
View photos & details
New Listing
17
$899,000
23 Park St Unit 2
Somerville, MA 02143
2 bd2 ba1,746 sqft$515/ft²
Condo
View photos & details
New Listing
26
$999,000
41A Sargent Ave Unit 2
Somerville, MA 02145
3 bd3 ba1,806 sqft$553/ft²
Condo3,056 sqft lot
View photos & details
New Listing
41
$999,900
29B Prichard Ave Unit 2
Somerville, MA 02144
3 bd2 ba1,238 sqft$808/ft²
Condo
View photos & details
New Build
20
$1,195,000
14 Hamlet St Unit B
Somerville, MA 02143
3 bd2 ba1,568 sqft$762/ft²
Condo
View photos & details
New Listing
29
$1,595,000
34 Summer St
Somerville, MA 02143
8 bd3 ba3,341 sqft$477/ft²
Multi-family2,614 sqft lot
View photos & details
New Listing
15
$1,699,000
34 Belknap St
Somerville, MA 02144
9 bd3 ba3,749 sqft$453/ft²
Multi-family3,280 sqft lot
View photos & details
New Listing
20
$1,749,000
148 Pearl St
Somerville, MA 02145
9 bd4 ba3,115 sqft$561/ft²
Multi-family4,550 sqft lot
View photos & details
Looking to buy in Somerville?
Get connected with a local real estate expert — free, no obligation.
Active listings
185
Homes on market
Median list price
$1.1M
Avg. days on market
20
Days until sale
New this week
104
Newly listed
Price drops:32.4%of listings
Sale-to-list:101.2%
How much do homes cost in Somerville by property type?
How the Somerville, MA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.70M | $688/sq ft | 5 | 27 days |
| Condo / co-op | $960,000 | $779/sq ft | 39 | 20 days |
| Townhouse | $2.01M | $755/sq ft | 2 | 8 days |
Who lives in Somerville?
American Community Survey estimates for Somerville. U.S. Census ACS, 2023
Population
80,549
Households
35,427
Median income
$127,056/yr
Median age
32.3 years
Owner-occupied
34.3%
Median home value
$899,400
Median gross rent
$2,468/mo
Mean commute
30.7 min
34.3% of occupied homes in Somerville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $899,400 against Zillow's $923,850 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,468/mo, below Zillow's $3,414/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Somerville?
11 schools tracked · 4,927 students
The largest public schools serving Somerville, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Somerville High
Grades 9-12 · 1,373 students
E Somerville Community
Grades PK-8 · 743 students
Albert F. Argenziano School at Lincoln Park
Grades PK-8 · 564 students
Arthur D Healey
Grades PK-8 · 486 students
John F Kennedy
Grades PK-8 · 448 students
Winter Hill Community
Grades PK-8 · 403 students
West Somerville Neighborhood
Grades PK-8 · 378 students
Capuano Early Childhood Center
Grades PK-K · 230 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Somerville, MA?
Ordered by distance from Somerville, not by size. Compare Somerville side by side with any of them.
Which ZIP codes are in Somerville?
These are the ZIP codes we see on active Somerville listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Somerville housing market FAQ
Is Somerville a buyer's or seller's market?
Somerville, MA is currently a seller's market. That read comes from 3.3 months of supply, homes going under contract in about 20 days, and sellers getting 101.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Somerville?
The typical home in Somerville, MA is worth $923,850 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $1.08M, about $724 per square foot.
Is Somerville cheaper than the rest of Massachusetts?
Somerville's median sale price of $1.08M is 57% higher than the Massachusetts statewide median of $688,100, and 162% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Somerville?
Homes in Somerville, MA spent a median of 20 days on market before going under contract, versus 21 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Somerville?
At the current 30-year fixed rate of 7.03%, 20% down on a $923,850 home is about $4,932 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $211,372 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $127,056.
Are home prices rising in Somerville?
The typical home value in Somerville, MA fell 1.6% over the last 12 months, from $939,009 to $923,850 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Somerville?
Somerville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Somerville?
That depends on your timeline, not on a headline. What the data says today: Somerville, MA is a seller's market with 3.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 22.5x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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