Somerville MA Real Estate Market
Somerville MA Real Estate Market
A five-year look at how Somerville real estate is moving this season - what it means for buyers, what it means for sellers, and where the market sits today.
Somerville MA Real Estate Market at a Glance
ISomerville 2026 in plain language
Somerville in 2026 comes with two stories to tell. The average condo sale closed at $933k across 126 closed sales year-to-date, versus $968k a year earlier. Single-family homes averaged $1.57M across 21 closed sales year-to-date, versus $1.45M a year earlier. The sections below break down listings, pendings, sales, and inventory trends in plain language for buyers and sellers.
Single-family market
3.8 months of supply (a seller-favored market). Homes sold at an average of 100.8% of list price across 21 closed sales year-to-date, averaging 32 days to offer.
Condominium market
3.3 months of supply (a seller-favored market). Condos sold at an average of 100.3% of list price across 126 closed sales year-to-date, averaging 33 days to offer.
Inventory direction
Five-year inventory and absorption trends are charted below; the data tables show underlying transaction counts so you can judge how much signal is in each year's figures.
How to read the rest
Each section opens with current-year stats and percent change versus last year, followed by five-year charts and the full data tables. A glossary at the bottom defines key terms.
Condominiums
II | 2026Average Price Trend | Year to Date
Price per Square Foot
Time to Offer
Inventory & Activity | 12-Month Rolling
If you're buying
There are 103 active listings versus 76 a year ago, with 3.3 months of supply. The average property received its accepted offer after 33 days to offer.
If you're selling
The average condos closed at 100.3% of list price (versus 101.6% last year), across 126 closed sales year-to-date. That ratio - alongside months of supply and days to offer - is the cleanest signal of how aggressively to price.
Condominiums | Detailed Five-Year Comparison
All figures year-to-date as of May 20 of each year, unless otherwise noted.
| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| Listing Inventory (as of May 20, 2026) | |||||
| Active Listings | 94 | 97 | 81 | 76 | 103 |
| Avg. Days on Market | 50 | 85 | 65 | 48 | 46 |
| Avg. List Price | $873,107 | $1,012,883 | $1,156,070 | $986,426 | $950,161 |
| Avg. List $/SqFt | $763.69 | $757.89 | $749.96 | $795.57 | $774.06 |
| Absorption Rate | 48.85% | 38.57% | 39.20% | 44.52% | 29.94% |
| Months of Supply | 2.05 | 2.59 | 2.55 | 2.25 | 3.34 |
| New Listings (Year to Date) | |||||
| Units Listed | 292 | 276 | 262 | 237 | 281 |
| Avg. Original List Price | $859,692 | $999,106 | $1,111,127 | $986,378 | $976,435 |
| Avg. Original List $/SqFt | $737.68 | $730.71 | $737.92 | $758.91 | $764.50 |
| Went Pending (Year to Date) | |||||
| Units Pending | 221 | 211 | 191 | 178 | 180 |
| Avg. List Price | $854,814 | $948,506 | $1,063,768 | $949,245 | $964,629 |
| Avg. List $/SqFt | $713.38 | $695.63 | $711.21 | $727.05 | $732.61 |
| Avg. Days to Offer | 27 | 37 | 38 | 32 | 25 |
| Listed & Price Changed (YTD) | |||||
| Units with Price Changes | 55 | 76 | 44 | 49 | 51 |
| Avg. Original List Price | $834,300 | $965,977 | $1,305,806 | $1,055,365 | $899,647 |
| Avg. Original List $/SqFt | $838.77 | $750.88 | $745.55 | $772.59 | $789.00 |
| Closed Sales (Year to Date) | |||||
| Units Sold | 148 | 126 | 114 | 141 | 126 |
| Avg. Days on Market | 46 | 65 | 71 | 55 | 50 |
| Avg. Days to Offer | 33 | 46 | 43 | 36 | 33 |
| Avg. Sale Price | $893,029 | $932,515 | $1,065,893 | $967,551 | $933,269 |
| Avg. Sale $/SqFt | $707.71 | $677.07 | $696.64 | $750.28 | $753.20 |
| Avg. List Price | $869,922 | $929,169 | $1,067,791 | $954,618 | $931,440 |
| Avg. Original List Price | $882,034 | $953,477 | $1,088,128 | $963,869 | $944,072 |
| Sale Price as % of List | 103.03% | 100.48% | 100.11% | 101.56% | 100.27% |
| Sale Price as % of Original List | 101.88% | 98.02% | 98.51% | 100.64% | 99.02% |
| 12-Month Activity (rolling) | |||||
| Units Listed | 714 | 647 | 538 | 526 | 595 |
| Units with Price Changes | 174 | 218 | 158 | 129 | 146 |
| Units Went Pending | 581 | 488 | 393 | 407 | 422 |
| Units Sold | 551 | 449 | 381 | 406 | 370 |
Single-Family Homes
III | 2026Average Price Trend | Year to Date
Price per Square Foot
Time to Offer
Inventory & Activity | 12-Month Rolling
If you're buying
There are 20 active listings versus 17 a year ago, with 3.8 months of supply. The average property received its accepted offer after 32 days to offer.
If you're selling
The average homes closed at 100.8% of list price (versus 103.8% last year), across 21 closed sales year-to-date. That ratio - alongside months of supply and days to offer - is the cleanest signal of how aggressively to price.
Single-Family Homes | Detailed Five-Year Comparison
All figures year-to-date as of May 20 of each year, unless otherwise noted.
| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| Listing Inventory (as of May 20, 2026) | |||||
| Active Listings | 12 | 13 | 19 | 17 | 20 |
| Avg. Days on Market | 32 | 68 | 35 | 61 | 77 |
| Avg. List Price | $915,308 | $1,175,908 | $1,709,553 | $1,593,624 | $1,326,545 |
| Avg. List $/SqFt | $590.56 | $651.69 | $657.05 | $647.01 | $690.88 |
| Absorption Rate | 59.03% | 49.36% | 32.02% | 42.16% | 26.67% |
| Months of Supply | 1.69 | 2.03 | 3.12 | 2.37 | 3.75 |
| New Listings (Year to Date) | |||||
| Units Listed | 36 | 34 | 58 | 42 | 50 |
| Avg. Original List Price | $1,192,119 | $1,237,531 | $1,562,429 | $1,490,069 | $1,444,148 |
| Avg. Original List $/SqFt | $658.49 | $654.22 | $651.65 | $685.79 | $700.76 |
| Went Pending (Year to Date) | |||||
| Units Pending | 23 | 25 | 35 | 30 | 35 |
| Avg. List Price | $1,259,896 | $1,243,971 | $1,342,268 | $1,456,517 | $1,471,246 |
| Avg. List $/SqFt | $693.00 | $639.58 | $622.77 | $666.87 | $693.05 |
| Avg. Days to Offer | 33 | 41 | 22 | 37 | 28 |
| Listed & Price Changed (YTD) | |||||
| Units with Price Changes | 3 | 8 | 18 | 10 | 11 |
| Avg. Original List Price | $1,326,600 | $1,446,475 | $1,878,144 | $1,856,840 | $1,223,800 |
| Avg. Original List $/SqFt | $586.99 | $695.61 | $666.53 | $676.03 | $679.58 |
| Closed Sales (Year to Date) | |||||
| Units Sold | 22 | 21 | 24 | 23 | 21 |
| Avg. Days on Market | 24 | 56 | 35 | 50 | 51 |
| Avg. Days to Offer | 12 | 48 | 24 | 39 | 32 |
| Avg. Sale Price | $1,196,718 | $1,217,762 | $1,225,208 | $1,447,565 | $1,567,071 |
| Avg. Sale $/SqFt | $702.73 | $625.43 | $636.44 | $716.35 | $685.33 |
| Avg. List Price | $1,125,986 | $1,172,319 | $1,192,683 | $1,402,117 | $1,561,309 |
| Avg. Original List Price | $1,120,532 | $1,197,229 | $1,221,529 | $1,438,457 | $1,586,600 |
| Sale Price as % of List | 106.57% | 103.26% | 102.72% | 103.81% | 100.76% |
| Sale Price as % of Original List | 106.90% | 101.07% | 100.50% | 101.75% | 99.50% |
| 12-Month Activity (rolling) | |||||
| Units Listed | 111 | 120 | 123 | 112 | 104 |
| Units with Price Changes | 23 | 45 | 48 | 39 | 35 |
| Units Went Pending | 84 | 87 | 84 | 86 | 80 |
| Units Sold | 85 | 77 | 73 | 86 | 64 |
A Few Terms, Defined
IVDays to Offer
Days from listing until a written offer is accepted by the seller. The most direct measure of how quickly properties are moving in the market.
Days on Market (DOM)
Days from listing until the full purchase and sale (P&S) contract is signed. Includes the time between offer acceptance and final contract negotiation, so it lags behind Days to Offer.
Months of Supply
How long it would take to sell all current inventory at the recent pace of sales. Under 4 months typically favors sellers; over 6 favors buyers.
Absorption Rate
The percentage of available inventory selling each month. Higher percentages mean homes are moving quickly.
Sale Price as % of List
How close final sale prices came to asking prices. Over 100% means homes are routinely selling over asking.
Went Pending
An offer was accepted, but the sale hasn't yet closed. A useful leading indicator of where the market is heading.
