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2017 Market Summary for Somerville

Somerville 2017 Market

The number of sales of residential properties (condominiums, single families, and multi-families) in Somerville decreased by 3.1% in 2017 compared to 2016. There were 719 sales in 2017, compared to 742 sales in 2016.

Total market volume increased by 8.9%. 2017 total volume was $589,866,738, compared to 2016 volume of $541,706,662.

The average sale price increased by 12.4%. The average sale price in 2017 was $820,399, compared to $730,063 in 2016.

The median sale price increased by 11.3%. The median sale price in 2017 was $735,000, compared to $660,250 in 2016.  

The lowest sale price was $215,685. The highest sale price was $5,400,000.

At the end of 2017, inventory was down 26% from 2016. On December 31, 2017, there were 34 units on the market. On December 31, 2016, there were 46 units on the market.


All statistics are from MLS Property Information Network.
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