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Somerville, MA — Market Report

January 2026

Market Snapshot

30Closed Sales
$31,692,250Total Volume
$841Median $/sqft
$899,375Median Sale Price
$902,000Median List Price
98.81%Median Sale-to-List Ratio
106.05%Median Sale-to-Assessment Ratio
1.00%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 Family5$8,705,000$1,785,000$1,741,000$815$7231,899
Condo22$19,512,250$850,000$886,920$905$880
Multi-Family3$3,475,000$1,015,000$1,158,333$459$4541,913

Median Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family96.44%149.90%0.73%
Condo100.00%102.28%1.01%
Multi-Family90.45%98.61%1.11%

Average Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family97.06%146.21%0.80%
Condo99.35%102.55%1.05%
Multi-Family92.89%113.34%0.99%

Price Distribution

Sale/List ≥ 100%Sale/List < 100%

Median Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k
$400k-$600k101.59%107.52%0.92%
$600k-$800k100.00%104.79%1.04%
$800k-$1.0M99.55%98.61%1.11%
$1.0M-$1.5M97.51%102.28%1.01%
$1.5M-$2.0M98.40%182.16%0.61%
$2.0M+96.82%121.72%0.90%

Average Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k
$400k-$600k101.18%110.10%0.95%
$600k-$800k98.66%103.38%1.08%
$800k-$1.0M98.86%95.47%1.13%
$1.0M-$1.5M96.71%113.15%0.98%
$1.5M-$2.0M98.40%182.16%0.61%
$2.0M+96.82%121.72%0.90%