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Somerville, MA — Market Report

February 2026

Market Snapshot

35Closed Sales
$42,068,900Total Volume
$662Median $/sqft
$1,010,000Median Sale Price
$1,035,000Median List Price
99.35%Median Sale-to-List Ratio
111.51%Median Sale-to-Assessment Ratio
0.94%Median Taxes-to-Sale Ratio
1,904Avg Year Built

Market Performance by Property Type

Volume & Price Metrics

TypeTotal SoldTotal VolumeMedian PriceAvg PriceMedian $/sqftAvg $/sqftAvg Year Built
Single Family6$10,171,000$1,650,000$1,695,167$728$6961,896
Condo24$24,022,900$977,500$1,000,954$683$698
Multi-Family5$7,875,000$1,350,000$1,575,000$467$4741,913

Median Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family101.21%137.72%0.79%
Condo98.99%102.75%0.98%
Multi-Family96.44%114.90%0.95%

Average Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family102.19%132.46%0.80%
Condo99.71%157.45%6.83%
Multi-Family97.95%118.52%0.88%

Price Distribution

Sale/List ≥ 100%Sale/List < 100%

Median Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k98.94%101.52%1.07%
$400k-$600k
$600k-$800k100.00%114.93%0.92%
$800k-$1.0M98.94%95.10%1.02%
$1.0M-$1.5M97.07%101.79%1.05%
$1.5M-$2.0M101.59%129.33%0.84%
$2.0M+96.67%171.13%0.50%

Average Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k98.94%101.52%1.07%
$400k-$600k
$600k-$800k99.77%114.93%0.72%
$800k-$1.0M100.49%219.40%15.29%
$1.0M-$1.5M98.35%102.48%0.99%
$1.5M-$2.0M102.84%129.14%0.84%
$2.0M+96.67%171.13%0.50%

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