Somerville, MA Real Estate & Property Data

Somerville Real Estate Market Trends
Last Updated: May 29, 2024

Accurate and comprehensive real estate data is critical for insight into Somerville, MA. ATTOM’s Somerville real estate data is updated daily, and current market trends show that in Somerville, MA a total of 769 residential properties have sold over the past year. With a median home price of $1,133,500 in Somerville and a total of 7 foreclosures. Get detailed property data for Somerville, MA instantly. ATTOM is your one-stop-shop for the Somerville property reports and real estate data you need in Somerville, MA.

Somerville Real Estate Market Trends
Total Residential Properties 16,268
Total Commercial Properties 876
Avg. Home Age (Single Family Home) 98 Years
Avg. Square Feet (Single Family Home) 1,779
Total 2024 Residential Sales (year-to-date) 119
% of Homes Seriously Underwater (Q2 2024) 0.84%
Total 2023 Residential Sales 715
% of Equity Rich Homes (Q2 2024) 42.95%
Effective 2023 Property Tax 0.93%
Total Foreclosure Filings (year-to-date) 11
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Somerville, MA Real Estate Overview

There were 769 residential properties sold in the past year in Somerville, MA. The median home value in Somerville, MA is $832,290. There are a total of 16,268 residential properties in the Somerville.

Median Sales Price i
$1,133,500
(Mar 2024)
+19.3%
year-over-year
y-o-y
  • March '24 Mar '24 $1,133,500
  • February '24 Feb '24 $710,000
  • January '24 Jan '24 $1,815,000
  • December '23 Dec '23 $903,750
  • November '23 Nov '23 $1,420,000
  • October '23 Oct '23 $890,000
  • September '23 Sep '23 $1,117,000
  • August '23 Aug '23 $900,000
  • July '23 Jul '23 $979,900
  • June '23 Jun '23 $1,077,500
  • May '23 May '23 $1,080,000
  • April '23 Apr '23 $1,148,500
Median Down Payment i
$320,000
(Mar 2024)
+28.3%
year-over-year
y-o-y
  • March '24 Mar '24 $320,000
  • February '24 Feb '24 $146,875
  • January '24 Jan '24 $600,000
  • December '23 Dec '23 $208,750
  • November '23 Nov '23 $131,000
  • October '23 Oct '23 $178,000
  • September '23 Sep '23 $338,500
  • August '23 Aug '23 $230,000
  • July '23 Jul '23 $200,000
  • June '23 Jun '23 $262,483
  • May '23 May '23 $490,000
  • April '23 Apr '23 $318,875
Number of Homes Sold i
48
(Mar 2024)
-12.7%
year-over-year
y-o-y
  • March '24 Mar '24 48
  • February '24 Feb '24 40
  • January '24 Jan '24 31
  • December '23 Dec '23 47
  • November '23 Nov '23 58
  • October '23 Oct '23 58
  • September '23 Sep '23 48
  • August '23 Aug '23 73
  • July '23 Jul '23 78
  • June '23 Jun '23 100
  • May '23 May '23 77
  • April '23 Apr '23 56
Number of Purchase Loans i
19
(Mar 2024)
-36.7%
year-over-year
y-o-y
  • March '24 Mar '24 19
  • February '24 Feb '24 18
  • January '24 Jan '24 7
  • December '23 Dec '23 16
  • November '23 Nov '23 19
  • October '23 Oct '23 23
  • September '23 Sep '23 19
  • August '23 Aug '23 33
  • July '23 Jul '23 32
  • June '23 Jun '23 47
  • May '23 May '23 46
  • April '23 Apr '23 29
Number of REFI Loans i
11
(Mar 2024)
+10%
year-over-year
y-o-y
  • March '24 Mar '24 11
  • February '24 Feb '24 5
  • January '24 Jan '24 12
  • December '23 Dec '23 10
  • November '23 Nov '23 11
  • October '23 Oct '23 13
  • September '23 Sep '23 9
  • August '23 Aug '23 11
  • July '23 Jul '23 6
  • June '23 Jun '23 7
  • May '23 May '23 18
  • April '23 Apr '23 4
Number of HELOC Loans i
3
(Mar 2024)
-62.5%
year-over-year
y-o-y
  • March '24 Mar '24 3
  • February '24 Feb '24 6
  • January '24 Jan '24 6
  • December '23 Dec '23 5
  • November '23 Nov '23 2
  • October '23 Oct '23 3
  • September '23 Sep '23 5
  • August '23 Aug '23 8
  • July '23 Jul '23 7
  • June '23 Jun '23 2
  • May '23 May '23 8
  • April '23 Apr '23 5

Somerville, MA Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Somerville, MA Foreclosure Activity

There were a total of 7 Somerville, MA properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i
7
(Mar 2024)
+133.3%
year-over-year
y-o-y
  • March '24 Mar '24 7
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 2
  • November '23 Nov '23 3
  • October '23 Oct '23 4
  • September '23 Sep '23 3
  • August '23 Aug '23 4
  • July '23 Jul '23 2
  • June '23 Jun '23 2
  • May '23 May '23 5
  • April '23 Apr '23 N/A
Foreclosure Starts i
4
(Mar 2024)
+300%
year-over-year
y-o-y
  • March '24 Mar '24 4
  • February '24 Feb '24 N/A
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 1
  • October '23 Oct '23 2
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
Completed Foreclosures (REOs) i
  • March '24 Mar '24 N/A
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
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