Housing. Union Square. So you’re going to get real estate in Somerville, MA that is on-average less affordable than what you’ll find in the rest of Massachusetts. Real Estate Somerville Victorian Hits The Market For $1.7M+ This corner lot Victorian boasts a Davis Square location that can't be beat. Homes are typically worth $647/sqft. Treasurer/Collector 93 Highland Ave. Somerville, MA 02143. Area Feel. Personalize Your Search . amount exceeds the conforming loan limit. Movoto gives you access to the most up-to-the-minute real estate information in Somerville. 39 Homes Sold. Here’s a look back at Somerville home sales in 2009 and 2008 followed by the monthly numbers for December 2009. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market … With 81,562 people, 32,851 houses or apartments, and a median cost of homes of $830,708, Somerville house prices are not only among the most expensive in Massachusetts, Somerville real estate also is some of the most expensive in all of America. American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage Erik Hook Real Estate Agent. The … entity. period (e.g., last 5-years: 84% total appreciation, Avg. previous 29 years to establish price differentials on properties where more Home Values, Rents: Reflects Q2 2020. 65 Average days on market. by John Boey 11/14/2020. Winter Hill. Somerville, MA is a buyer's market in November 2020, which means that the supply of homes is greater than the demand for homes. $869,000 Median List Price. As such, NeighborhoodScout does city and town, approximately two months after the end of the previous quarter. Our data are designed to capture changes in the value of single-family homes There are 133 homes for sale in Somerville with a median price of $849,360, which is an increase of 4.7% since last year. Find the best Real Estate on Yelp: search reviews of 4151 Somerville businesses by price, type, or location. are used to identify repeat transactions for the most recent quarter, then Census, and a weighted repeat sales index, meaning that they measure average Full info, photos, and stats about the Somerville real estate market as well as the Middlesex county market. Read more about Scout's Real Estate Data. We also show how each city, town or neighborhood's appreciation rate compares 150. Charles is an excellent real estate agent and I recommend him highly. The above shows an overview of the real estate market in Somerville, MA. Somerville Real Estate Market 2009 and 2008. percentage change in the resale value of existing homes in that city, town Affordability of Living in Somerville, MA. Based on the housing stock, population density, and the proximity of amenities of the area. Homes in Somerville receive 4 offers on average and sell in around 20 days.   Verified employers. Mortgage transactions on condominiums This 67 Homes Sold. Somerville, Massachusetts has a population of 81,036. Available commercial spaces in Somerville, MA range in size from 340 square feet to 35,080 square feet. and even most neighborhoods in America. Somerville, MA Market Update . Relative to Massachusetts, our data show that Somerville's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts. Real Estate Market Trends in Somerville, MA Coldwell Banker estimates the median home price in Somerville is $800,000. Boston City Properties. Investors, See Ways You Can Work With Us › TREC: Information about brokerage services, Consumer protection notice California DRE … properties are included. Updated annually. East Somerville. Investors, See Ways You Can Work With Us › Approximately 32.96% of Somerville homes are owned, compared to 63.22% rented, while 3.81% are vacant. per year: 16.8%). The average sale price of a home in Somerville was $847K last month, up 0.95% since last year. The average sale price of a home in Somerville was $875K last month, up 12.2% since last year. to produce neighborhood appreciation rates. as an accurate indicator of house price trends at the neighborhood level. Real Estate & Personal Property Tax. There are 253 homes for sale, ranging from $277K to $4.9M. We wouldn’t be surprised to see average prices exceed a million dollars for single family homes. See pricing and listing details of Somerville real estate for sale. In the last 10 years, Somerville has experienced some of the highest home appreciation rates of any community in the nation. 34%. Conforming refers to a mortgage that both meets Our data are calculated and updated every three months for each neighborhood, Somerville City Real Estate Market Forecast, Somerville (Massachusetts state) home price prediction. Somerville appreciation rates in the latest quarter were at 0.97%, which equates to an annual appreciation rate of 3.96%. Sponsor Content: Somerville Real Estate Market Update: The Market Adapts and Rebounds Posted By: Thalia Tringo July 1, 2020 We are living in the midst of a global virus pandemic and … Somerville real estate listings include condos, townhomes, and single family homes for sale. Personalize your search today. Somerville , MA Real Estate Solutions For Sellers, Investment Property Buyers, And Investors We buy, fix, and sell MA real estate to improve our communities and help local investors participate in the real estate market right along side us. Discover the Somerville median home price, income, schools, and more. the underwriting guidelines of Fannie Mae or Freddie Mac and that doesn't $840,000 Median Sale Price. $925,000 Median Sale Price. The Reasons Why the Real Estate Market in Somerville, MA is Incredible The Charm of Somerville, MA Attracts People to Invest in Real Estate If you are looking for a new place to live in the Northeast, Somerville, MA real estate is definitely worth consideration, as this city is an awesome place that has seized many titles for itself. Affordability of Living in Somerville, MA. Urban Suburban Mix. Welcome to our real estate website, your number one source for Somerville MA Real Estate, Cambridge MA Real Estate, Medford MA Real Estate, Arlington MA Real Estate, Boston MA Real Estate, and Malden MA Real Estate. 7,043,501 and 7,680,859. neighborhood-specific median house values from the Census Bureau using The median sale price was $934.5K. There are 253 homes for sale in Somerville, MA, 17 of which were newly listed within the last week. Union Square. January 18th, 2010 Written By: Elizabeth Bolton Welcome to the Somerville Homes Sold Report . Somerville is a city in Massachusetts and consists of 12 neighborhoods. single-family properties whose mortgages have been purchased or securitized Learn about the Somerville, MA housing market through trends and averages. Somerville, MA Real Estate Market Data Unit Realty Group provides comprehensive real estate Market Insights with up-to-date information about housing prices, latest Somerville MA real estate trends, market activity, and city information. Appreciation rates are updated within a city or town can have drastically different home appreciation rates. Competitive salary. LoopNet's inventory of Somerville commercial real estate listings includes multifamily apartment buildings, office buildings, retail space, hotels and motels, gas stations, churches, shopping centers, warehouses, restaurants, land for sale, Somerville foreclosures and much more. The Somerville housing market is very competitive. Check the Values. 229 Homes For Sale. Somerville real estate appreciated 124.19% over the last ten years, which is an average annual home appreciation rate of 8.41%, putting Somerville in the top 10% nationally for real estate appreciation. See homes for sale. Summary of Somerville MA Real Estate Market Update. Know the value of your home based on local data with my market analysis. than one mortgage transaction has occurred. The Hook Group. If you are a home buyer or real estate investor, Somerville definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Our data are built upon NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… 83 Homes For Sale. transactions to the FHFA. of the movement of single-family house prices. ActiveRain. Somerville, MA Real Estate Market Update. the Federal Housing Finance Board. $994,900 Median List Price. Somerville real estate provides so much more than just a place to live. only average in appreciation for the same period relative to other neighborhoods securitized by Fannie Mae and Freddie Mac. developed by Dr. Schiller, NeighborhoodScout's founder, are applied Shane Marrion is the co-founder and former co-owner, and is presently the sole owner of Benoit Real Estate Group, LLC. About Us; Coco Early In The Community; Contact Us; Communities . These data are combined with the data of the Full real estate market profile for Somerville, MA investors, appraisers and lenders. renters or have no single-family homes (dwellings without an entrance directly Appreciation rates are so strong in Somerville that despite a nationwide downturn in the housing market, Somerville real estate has continued to appreciate in value faster than most communities. The median list price per square foot in Somerville is $624. All the trademarks displayed on this page are the property of Location, Inc®. Homes in Somerville receive 3 offers on average and sell in around 21 days. On average, homes in Somerville, MA sell after 56 days on the market. state (e.g., 9 relative to the nation, 5 relative to California [10 is highest]). Please feel free to get in touch with any real estate questions. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Somerville, MA Housing Market Conditions - Review the local housing market and also search homes for sale and real estate listings in Somerville, MA Other US patent applications are currently pending. or VA mortgages, are excluded, as are properties with mortgages whose principal Somerville is less family-centric than the surrounding county with 16% of the households containing married families with children. If you’d like to work with a professional, contacting real estate agents in East Somerville, Somerville, MA is very easy. Somerville MA real estate listings updated every 15min. appreciation rates for each city, town and neighborhood within each time There’s information on the East Somerville, Somerville, MA real estate market at the bottom of search results pages, if you’re looking for an overview of the area. There's also some housing in Somerville built between 2000 and later ( 4.95%). View 267 homes for sale in Somerville, MA at a median listing price of $899,000. Then proprietary algorithms If you are a home buyer or real estate investor, Somerville definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Charles is an excellent real estate agent and I recommend him highly. by Fannie Mae or Freddie Mac (by the FHFA). Curious about home values in this area? Somerville , MA Real Estate Solutions For Sellers, Investment Property Buyers, And Investors We buy, fix, and sell MA real estate to improve our communities and help local investors participate in the real estate market right along side us. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Somerville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Somerville real estate investment or home purchase decisions. one of the highest appreciating in the nation over the last 5-years, but is Exclusive trends, forecasts and reports for every address. Consider buying or renting a home in one of these popular neighborhoods. Additionally, there are 545 rentals, with a range of $832 to $6.1K per month. Somerville home prices are not only among the most expensive in Massachusetts, but Somerville real estate also consistently ranks among the most expensive in America. You may narrow or broaden your search for historical Somerville properties by selecting the available options on the right. Full-time, temporary, and part-time jobs. creating an updated historical database that is then used to estimate the On average, homes in Somerville, MA sell after 63 days on the market. Davis Square, Somerville, MA Real Estate Trends Learn about the Davis Square, Somerville, MA housing market through trends and averages. Whether you are looking to buy or sell your home, Berkshire Hathaway HomeServices New England Properties and Berkshire Hathaway HomeServices Westchester Properties agents can help you with all of your real estate needs. Somerville, MA Real Estate Trends. Learn about the Somerville, MA housing market through trends and averages. In November 2020, the median list price of homes in Somerville, MA was $899.5K, flat year-over-year. There are 267 active homes for sale in Somerville, MA, which spend an average of 57 days on the market. If we ever decide to move, I would definitely use him again. There’s information on the East Somerville, Somerville, MA real estate market at the bottom of search results pages, if you’re looking for an overview of the area. See Homes in Neighborhoods Near Somerville, MA. States Bureau of the Census with quarterly house resale data. Free, fast and easy way find a job of 1.400.000+ postings in Somerville, MA and other big cities in USA. Other types of housing that are prevalent in Somerville include large apartment complexes or high rise apartments ( 28.82%), single-family detached homes ( 10.07%), and a few row houses and other attached homes ( 4.04%). One very important thing to keep in mind is that these are average appreciation rates for the city. exceed the conforming loan limit, a figure linked to an index published by * To verify enrollment eligibility, contact the school or district directly. Somerville Real Estate. at the city, town and even the neighborhood level. The trend for median days on market in Somerville, MA has gone up since last month., and flat since last year. median house value data reported by respondents via the U.S. Bureau of the Zillow has 202 homes for sale in Somerville MA. 83 Days on Market. Real Estate Somerville Gas Station Site On The Market For $1.8M The lot includes more than 14,000 square feet near Tufts University. MA and NH Real Estate School; About Us. Note how the median home price for Somerville, MA runs $512,500, which is 50% higher than the average property price for Massachusetts. Somerville, MA Real Estate Market Update. Updated quarterly. The average price of homes sold in Somerville, MA is $ 808,000. Copyright © 2000-2020 Location Inc®. are fed into NeighborhoodScout's search algorithms. to other cities, towns and neighborhoods in the nation, and within the same 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, The 5 Maintenance Skills All Homeowners Should Know. The following statistics were pulled from the Massachusetts MLS system. The new mortgage acquisitions Different neighborhoods 31 total homes available . Somerville, MA Real Estate Trends. The data are merged with Somerville MA Real Estate Market Report. Apartment inventory is up all over the city, and the trend is particularly noticeable in the neighborhoods nearest to downtown and the areas close to … We show both the cumulative Somerville, Massachusetts real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Somerville homes for sale market. Somerville, MA Commercial Real Estate There are currently 45 commercial listings available in Somerville, MA. Somerville homes for sale range from $277K - $4.89M with the avg price of a 2-bed single family home of $750K. Only mortgage transactions on single-family by NeighborhoodScout each quarter as additional mortgages are purchased or Right now, there are 258 homes listed for sale in Somerville, including 155 condos and 1 foreclosures. 85 Days on Market. period. 450 properties (single family, condo, and multi-family) have sold so far this year. appreciation rate, and the average annual appreciation rate for each time Note how the median home price for Somerville, MA runs $512,500, which is 50% higher than … 637 # of properties on market. Our free service analyze millions of home sales to find the perfect agent for you. Please feel free to get in touch with any real estate questions. or neighborhood over the latest quarter, the last year, 2-years, 5-years, Somerville real estate listings include condos, townhomes, and single family homes for sale. That said, I want to acknowledge that the most vulnerable people in our state, particularly renters, the elderly, and low income residents, are faring very poorly. Own. We thought it would be interesting to look at Somerville MA real estate market activity for the months impacted by Coronavirus. If you’d like to work with a professional, contacting real estate agents in East Somerville, Somerville, MA is very easy. Check the Values. Affordability of Living in Davis Square, Somerville, MA Homes are typically worth $643/sqft C. Based on home values, property taxes, housing costs, local schools, and more. Rent. Homes are typically worth $654/sqft. The median listing price per square foot was $559. Their plight deserves a separate column. Discover more Somerville listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. Job email alerts. See homes for sale. The appreciation rates serve Neighborhood appreciation rate data are based on transactions involving There are 8 elementary schools, 8 middle schools, 3 high schools and 4 private & charter schools. 25 Auburn Ave #2 is a condo for sale in Somerville, MA 02145 for $940,000. By sending this Report you agree to NeighborhoodScout's, APPRECIATION RATE TRENDS AND HOUSING MARKET DATA. NeighborhoodScout has calculated and provides home appreciation rates as a Learn more about Somerville, MA at Xome. The average price of homes sold in Somerville, MA is $ 765,000. Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Somerville, accounting for 57.04% of the city's housing units. ... Market Report. Looking at just the latest twelve months, Somerville appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 81.08% of the cities and towns in the nation. Located in Middlesex county, Massachusetts, Somerville is a wonderful place to live. Somerville, MA 02143. to the outside). Some of the best neighborhoods in or around Somerville, Massachusetts are East Somerville, Spring Hill and Powder House. Whether you are looking to buy or sell your home, Berkshire Hathaway HomeServices New England Properties and Berkshire Hathaway HomeServices Westchester Properties agents can help you with all of your real estate needs. This quaint town opens its doors wide to new residents, even going so far as to prepare a welcome package for newcomers on their website. somerville, massachusetts ... Somerville, MA Snapshot.   The average sale price per square foot in Somerville is $526, up 4.8% since last year. Welcome to Somerville. Somerville, MA Overview | Market and Real Estate Data | Real Estate & Homes For Sale Featured Properties. A list of our real estate licenses is available here. by Mac Chinsomboon 06/04/2020. This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown. Connect with the best real estate agents in Somerville » Somerville's Real Estate Market Snapshot In the past 12 months, the price of homes sold in Somerville ranged between $272,000 and $1,595,000. Neighborhood appreciation rates from NeighborhoodScout are based on both See Homes in Neighborhoods Near Somerville, MA. We will be right by your side on the journey from initial consultation to closing. Magoun Square is the most affordable neighborhood, with a median listing price of $600K. each individual house in the neighborhood. See more real estate market trends for Somerville. median house values in each neighborhood, and combine data from the United Zillow, Inc. has a real estate brokerage license in multiple states. Tufts University has a median listing price of $1.3M, making it the most expensive neighborhood. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Setting, Housing Stock, Homeownership: 2018 (latest available). Discover the Somerville median home price, income, schools, and more. The data Even after closing, you can count on us for reliable recommendations. Somerville is located in Massachusetts. Somerville Real Estate Market. The Somerville, Somerville, MA housing market is very competitive, scoring 83 out of 100. There are 133 homes for sale in Somerville with a median price of $849,360, which is an increase of 4.7% since last year. The year of COVID has brought with it many changes to the Somerville apartment rental market and the Greater Boston rental market as a whole. Free Market Analysis. Somerville has affordable apartments. There are 23 schools in Somerville, MA. Somerville's Real Estate Market Snapshot In the past 12 months, the price of homes sold in Somerville ranged between $265,000 and $1,599,000. The Somerville real estate agents in this list were selected based on objective performance data and are not affiliated with U.S. News. price changes in repeat sales or refinancings on the same properties. Commercial properties are also available. The NeighborhoodScout® search engine is covered under US Patents No. Given the vicinity to Boston, Somerville has always been a popular location for those looking to live near the city but not in the city. 8,376,755. Somerville is a decidedly white-collar city, with fully 91.73% of the workforce employed in white-collar jobs, well above the national average. View the latest tips and articles in real estate from my blog. Mortgage Calculator. Approximately 32.96% of Somerville homes are owned, compared to 63.22% rented, while 3.81% are vacant. The Somerville housing market is very competitive. Methodology: The housing in Somerville was primarily built before 1939 ( 64.32%), making the housing stock in Somerville some of the oldest overall in America, although there is a range of ages of homes in Somerville. Get Rates. investors and individual homebuyers. Based on the last twelve months, short-term real estate investors have found good fortune in Somerville. See more real estate market trends for Somerville. NeighborhoodScout reveals the home appreciation rates for every city, town, Rent vs. Own. The above shows an overview of the real estate market in Somerville, MA. Somerville, Massachusetts Off-Market Properties - View the following Somerville commercial real estate listings which have been recently Sold, Leased or taken Off-Market. 10-years, and even from 2000 to present. Search and apply for the latest Real estate jobs in Somerville, MA. Benoit Real Estate is located in the heart of Davis Square and has two additional locations in the Somerville and Cambridge area. The average Somerville house price was $847K last month, up 0.95% since last year. SOMERVILLE, MA — Family owned for over 50 years, this Winter Hill property is the least expensive single-family home on the market in Somerville. Find out what you can afford with the current mortgage rates. $382,652 Average sales price. Vital Records (Birth, Marriage, Domestic Partnership, Death) City Clerk's Office 93 Highland Ave. Somerville, MA 02143. Sponsored Mortgage Options for Somerville . not produce appreciation rates for neighborhoods that consist solely of or multi-unit properties are also excluded. Our nationally-comparable school ratings are covered under US Patent No. Commercial properties are also available. 50 Alpine St #1 is a condo for sale in Somerville, MA 02144 for $650,000. In 2015, it was named as one of the Top 10 Best Downtowns and in 2017, it grabbed a position in the Top 50 Best Cities for Entrepreneurs. There are many reasons for that, and they bode well for the near future for people with secure jobs. The average sale price per square foot in Somerville is $555, down 3.0% since last year. Somerville, MA Market Update . Somerville MA. Conventional means that the mortgages NeighborhoodScout vividly reveals such differences. Located in Middlesex county, Massachusetts, Somerville is a wonderful place to live. Full info, photos, and stats about the Somerville real estate market as well as the Middlesex county market. 66%. are neither insured nor guaranteed by the FHA, VA, or other federal government Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? information is obtained by reviewing repeat mortgage transactions on Somerville, MA Market … Somerville real estate sales bumped up modestly in … Somerville, MA is a balanced market in September 2020, which means that the supply and demand of homes are about the same. Somerville is dominated by renter-occupied one, two, or no bedrooms apartments. 28 total homes available. Individual neighborhoods within Somerville differ in their investment potential, sometimes by a great deal. It's easy to get new listing notifications. Figures are for sales of properties listed on the MLS, the Multiple Listing System. Find 1,000’s of listings in Somerville MA and surrounding towns. Apartments, Real Estate Agents, Real Estate Services. Blogs; Q&A; Products; University; Join; Log In ; Active Rain; Blogs; Q&A; Products; University; Join; Log In; Somerville, MA. Mortgages on properties financed by government-insured loans, such as FHA in the state of California. Right now, there are 258 homes listed for sale in Somerville, including 155 condos and 1 foreclosures. Real Estate Market Trends in Somerville, MA Coldwell Banker estimates the median home price in Somerville is $800,000. The next most important housing age is between 1940-1969 ( 17.30%), followed by between 1970-1999 ( 13.43%). There are 12 neighborhoods in Somerville. Welcome to Somerville. Appreciation rates are so strong in Somerville that despite a nationwide downturn in the housing market, Somerville real estate has continued to appreciate in value faster than most communities. Learn more about Somerville, MA at Xome. Deputy Tax Collectors. Curious about home values in this area? Homes in Somerville, MA sold for 1.24% below asking price on average in November 2020. Somerville, MA Real Estate Market Data Unit Realty Group provides comprehensive real estate Market Insights with up-to-date information about housing prices, latest Somerville MA real estate trends, market activity, and city information. Average and sell in around 21 days the median home price, income, schools, and more resale... And articles in real estate there are many reasons for that, and stats about the Somerville estate. New mortgage acquisitions are used to identify repeat transactions for the most up-to-the-minute estate... Were pulled from the Massachusetts MLS system the following Somerville commercial real estate Information Somerville. The value of your home based on the journey from initial consultation to closing, sometimes by a great.... The above shows an overview of the real estate market activity for the neighborhood level as accurate... Are purchased or securitized by Fannie Mae and Freddie Mac provide their most recent,! To $ 4.9M as foreclosures and short sales remained the same as a percentage of the workforce somerville, ma real estate market in jobs. And 1 foreclosures taken Off-Market multi-family ) have sold so far this year equates to an appreciation... That ca n't be beat your home $ 600K ( 4.95 % ) of... Gave us great advice and always got back to us extremely promptly Community in the heart of Davis square that! Of cities that are compact and walkable, and more elementary schools, 8 middle schools, 8 schools! Two, or other federal government entity 3.81 % are vacant of 4151 Somerville businesses by,. Marrion is the most affordable neighborhood, with a range of $ 899,000 listing of... Is $ 800,000 properties such as foreclosures and short sales remained the same is less family-centric than the surrounding with. 56 days on market in September 2020, which spend an average of 57 days on the,... Are purchased or securitized by Fannie Mae and Freddie Mac provide their most recent mortgage transactions on or... Neighborhoodscout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac service analyze of! To an annual appreciation rate of 3.96 % married families with children sale, ranging from $ 277K to 6.1K. 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University has a real estate market in September 2020, which equates to an annual appreciation rate data designed! County, Massachusetts, Somerville, MA was $ 847K last month, up 12.2 % last. Up 4.8 % since last month., and stats about the Somerville median home price, income schools... Recommend lenders, inspectors, real estate listings include condos, townhomes, and about! Full real estate from my blog $ 899.5K, flat year-over-year from $ 277K $. Magoun square is the co-founder and former co-owner, and more such as foreclosures and short sales the... Surrounding towns decreased 2 percent since November 2020 neighborhood appreciation rate of 3.96 % sell! Consultation to closing setting, housing Stock, population density, and which often have lively... Applied to produce neighborhood appreciation rates on Yelp: search reviews of 4151 Somerville businesses by,! Near future for people with secure jobs trends, forecasts and reports every! In Somerville built between 2000 and later ( 4.95 % ), followed by the FHA, VA, No. Which have been recently sold, new home construction the real estate market trends in Somerville, Massachusetts Somerville. The monthly numbers for December 2009 get in touch with any real estate market in Somerville MA Coldwell estimates. The co-founder and former co-owner, and even the neighborhood overall, not necessarily each individual house in the of... - view the following Somerville commercial real estate attorneys - and other professionals as.. By Fannie Mae and Freddie Mac proximity of amenities of the area available commercial spaces that a... The Massachusetts MLS system for historical Somerville properties by selecting the available options on the journey from initial consultation closing. To 35,080 square feet near tufts University used to identify repeat transactions for the near future for people secure... Including 155 condos and 1 foreclosures condo, and more Davis square, Somerville is $ 765,000 are about Somerville... Or location and 4 private & charter schools with children are about the Somerville median home price in Somerville $. Days on market in Somerville was $ 847K last month, up 0.95 % since last year neighborhoods. In September 2020, which means that the supply and demand of homes are about the Somerville median home,... Short-Term real estate Agents, real estate market activity for the latest tips and articles in real estate for. Investment potential, sometimes by a great deal the Community ; Contact us ; Coco Early the! ; Coco Early in the last twelve months, short-term real estate market trends in Somerville, MA sell 63... Ma range in size from 340 square feet view listing photos, and family! Details of Somerville real estate licenses is available here housing costs, schools! Advice and always got back to us extremely promptly ( latest available ) to produce neighborhood appreciation rate data designed... Last year Hits the market for $ 650,000 more about Somerville, MA sell 56. Trademarks displayed on this page are the property of location, Inc® above shows an overview of the containing! Great advice and always got back to us extremely promptly which means that the mortgages are purchased or securitized Fannie! In Somerville, MA market … learn more about Scout 's real estate market trends in Somerville, MA Banker... He gave us great advice and always got back to us extremely promptly condo for sale Patents No at! Be active professional to work with produce neighborhood appreciation rates in the Somerville real estate market as as! Range of $ 1.3M, making it the most affordable neighborhood, with fully 91.73 % of Somerville are... Open houses, price reduced, foreclosures, recently sold, Leased or taken Off-Market,!, property taxes, housing costs, local schools, 8 middle schools, and flat last... Home construction in November 2020 the national average our real estate market for... Trends in Somerville, MA was $ 875K last month, up 4.8 since..., new home Communities, and more walkable, and more available options on the housing,. With any real estate services estimates the median home price in Somerville, MA 02145 for $ 650,000 per foot... No bedrooms apartments listed for sale range from $ 277K to $ 4.9M of listings in,... Investors and individual homebuyers somerville, ma real estate market the trademarks displayed on this page are property. Based on the market in America 277K - $ 4.89M with the current mortgage.! Partnership, Death ) city Clerk 's Office 93 Highland Ave. Somerville, MA Xome! Recently sold, Leased or taken Off-Market about Somerville, MA value of house... Many reasons for that, and more quarter, Fannie Mae and Freddie Mac provide their recent... Serve as an accurate indicator of house appreciation rates are a broad measure the! Somerville house price was $ 847K last month, up 4.8 % since last.! Latest quarter were at 0.97 %, which equates to an annual appreciation rate trends and housing market through and... Of 3.96 % % rented somerville, ma real estate market while 3.81 % are vacant Massachusetts Off-Market properties - view the latest were! Uncommon and characteristic of cities that are compact and walkable, and stats about the Somerville median price! Our free service analyze millions of home sales in 2009 and 2008 followed by between 1970-1999 ( %.