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Somerville, MA — Market Report

June 2026

Market Snapshot

86Closed Sales
$98,283,900Total Volume
$711Median $/sqft
$1,092,500Median Sale Price
$1,089,000Median List Price
100.00%Median Sale-to-List Ratio
113.86%Median Sale-to-Assessment Ratio
0.90%Median Taxes-to-Sale Ratio
1,905Avg Year Built

Market Performance by Property Type

Volume & Price Metrics

TypeTotal SoldTotal VolumeMedian PriceAvg PriceMedian $/sqftAvg $/sqftAvg Year Built
Single Family10$15,438,500$1,335,000$1,543,850$731$7101,903
Condo59$58,606,400$975,000$993,329$748$747
Multi-Family17$24,239,000$1,558,000$1,425,824$494$4811,906

Median Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family100.09%113.86%0.81%
Condo100.00%113.38%0.87%
Multi-Family101.06%117.85%0.93%

Average Ratio Metrics

TypeSale/ListSale/AssessmentTaxes/Sale
Single Family99.66%123.39%0.81%
Condo101.03%112.14%0.78%
Multi-Family100.90%115.77%0.96%

Price Distribution

Sale/List ≥ 100%Sale/List < 100%

Median Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k91.23%96.38%1.15%
$400k-$600k100.93%101.91%0.96%
$600k-$800k100.00%108.85%0.88%
$800k-$1.0M99.44%105.64%0.63%
$1.0M-$1.5M100.04%115.51%0.90%
$1.5M-$2.0M102.47%118.34%0.93%
$2.0M+99.77%122.96%0.79%

Average Ratio Metrics

BucketSale/ListSale/AssessmentTaxes/Sale
<$200k
$200k-$400k91.23%96.38%1.15%
$400k-$600k101.15%105.56%0.74%
$600k-$800k100.79%111.14%0.80%
$800k-$1.0M97.63%107.91%0.70%
$1.0M-$1.5M101.57%114.41%0.84%
$1.5M-$2.0M103.39%119.42%0.92%
$2.0M+100.19%145.25%0.83%

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