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Sarah Mitchell
Compass Real Estate · ZIP 02145
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02145 ZIP Code Housing Market
$922,500median sale price
What is the 02145 housing market like right now?
The median home sale price in ZIP code 02145 is $922,500, down 8.7% year-over-year. Homes sell in an average of 26 days with 83 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 02145 ZIP code a buyer's or seller's market?
ZIP code 02145 is currently a balanced market and homes selling in about 26 days. How we determine this →
What are the latest 02145 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $922,500 |
| Median list price | $899,900 |
| Year-over-year price change | -8.7% |
| Average days on market | 26 days |
| Active inventory | 83 listings |
| Sale-to-list price ratio | 99.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 02145 zip code, located in Somerville, MA, is currently classified as a balanced market. The median sale price stands at $922,500, representing a -8.7% change year over year. Homes in this area spend an average of 26 days on the market before going under contract. There are currently 83 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02145 sits in the Somerville, MA area, roughly 0.6 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 02145 specifically — drawn from Redfin transactions, U.S. Census data for its 27,495 residents, and Zillow value estimates.
Homes sold
54
Last 12 weeks
Days on market
26
Average pace
Active listings
83
Sale-to-list
99.2%
Below asking
What is driving the 02145 housing market?
The 02145 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 99.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02145 have declined -8.7% 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 02145 stands at $841,700, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,489 per month. This gives a price-to-rent ratio of approximately 20.1, 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 02145?
Population
27,495
Median income
$123,755/yr
Median age
33.3 years
Owner-occupied
35.6%
College grads
57.4%
Avg commute
34.21 min
What is it like living in 02145?
Zip code 02145 is home to approximately 27,495 residents. The median household income is $123,755 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 35.6% of housing units are owner-occupied, reflecting a predominantly renter-occupied area that may appeal to investors looking for rental income opportunities.
About 57.4% 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 34.21 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 02145.
Which public schools serve ZIP 02145?
4 schools tracked · 1,862 students
The largest public schools serving ZIP code 02145 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.
E Somerville Community
Grades PK-8 · 743 students
Arthur D Healey
Grades PK-8 · 486 students
Winter Hill Community
Grades PK-8 · 403 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.
Frequently asked questions about 02145
What is the median home price in 02145?
The current median sale price in 02145 is $922,500, based on recent Redfin transaction data. Prices have changed -8.7% 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 02145 a buyer's or seller's market?
The 02145 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 02145?
Zip code 02145 has a population of approximately 27,495 residents. The median household income is $123,755 per year. About 35.6% 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 02145?
Properties Incorporated provides comprehensive data for 02145 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 02145 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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