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Sarah Mitchell
Compass Real Estate · ZIP 02143
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02143 ZIP Code Housing Market
$1.02Mmedian sale price
What is the 02143 housing market like right now?
The median home sale price in ZIP code 02143 is $1.02M, down 12.0% year-over-year. Homes sell in an average of 19 days with 61 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 02143 ZIP code a buyer's or seller's market?
ZIP code 02143 is currently a balanced market and homes selling in about 19 days. How we determine this →
What are the latest 02143 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.02M |
| Median list price | $1.13M |
| Year-over-year price change | -12.0% |
| Average days on market | 19 days |
| Active inventory | 61 listings |
| Sale-to-list price ratio | 100.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 02143 zip code, located in Somerville, MA, is currently classified as a balanced market. The median sale price stands at $1.02M, representing a -12.0% change year over year. Homes in this area spend an average of 19 days on the market before going under contract. There are currently 61 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02143 sits in the Somerville, MA area, roughly 0.7 miles from downtown Somerville. Because home prices are set street by street, this ZIP can move differently from Somerville's citywide averages. The figures below reflect 02143 specifically — drawn from Redfin transactions, U.S. Census data for its 25,513 residents, and Zillow value estimates.
Homes sold
49
Last 12 weeks
Days on market
19
Fast-moving
Active listings
61
Sale-to-list
100.9%
Above asking
What is driving the 02143 housing market?
The 02143 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02143 have declined -12.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 02143 stands at $944,447, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,490 per month. This gives a price-to-rent ratio of approximately 22.6, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 02143?
Population
25,513
Median income
$130,753/yr
Median age
32.1 years
Owner-occupied
31.0%
College grads
75.9%
Avg commute
29.9 min
What is it like living in 02143?
Zip code 02143 is home to approximately 25,513 residents. The median household income is $130,753 per year, which shapes the types of homes and amenities available in the area. With a median age of 32.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 31.0% of housing units are owner-occupied, reflecting a predominantly renter-occupied area that may appeal to investors looking for rental income opportunities.
About 75.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 29.9 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 02143.
Which public schools serve ZIP 02143?
4 schools tracked · 2,014 students
The largest public schools serving ZIP code 02143 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
Albert F. Argenziano School at Lincoln Park
Grades PK-8 · 564 students
Full Circle High School
Grades 9-12 · 64 students
Next Wave Junior High
Grades 7-8 · 13 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 02143
What is the median home price in 02143?
The current median sale price in 02143 is $1.02M, based on recent Redfin transaction data. Prices have changed -12.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 02143 a buyer's or seller's market?
The 02143 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 02143?
Zip code 02143 has a population of approximately 25,513 residents. The median household income is $130,753 per year. About 31.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 02143?
Properties Incorporated provides comprehensive data for 02143 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 02143 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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