The Somerville housing market is very competitive. Homes in Somerville receive 3 offers on average and sell in around 18 days. The median sale price of a home in Somerville was $1.1M last month, up 11.3% since last year. The median sale price per square foot in Somerville is $614, down 18.0% since last year.
What is the housing market like in Somerville today?
In April 2024, Somerville home prices were up 11.3% compared to last year, selling for a median price of $1.1M. On average, homes in Somerville sell after 18 days on the market compared to 22 days last year. There were 46 homes sold in April this year, up from 41 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,130,000
+11.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Somerville, MA
$1,130,000
+11.3%
United States
To compare other locations to the Somerville and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Somerville add value to a home.
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How hot is the Somerville housing market?
Somerville is very competitive. Homes sell in 17 days.
0
100
80
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 17 days.
Hot homes
can sell for about 5% above list price and go pending in around 8 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Somerville
Explore recent offers and recently sold homes in Somerville
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Somerville housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Somerville.
Risk Factor
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Somerville has a moderate risk of flooding. 1,012 properties in Somerville are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Somerville. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Somerville has a minor risk of wildfire. There are 74 properties in Somerville that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Somerville.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Somerville has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Somerville is most at risk from hurricanes. 13,324 properties in Somerville have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 92 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.