Market report · September 2026
Somerville, MA Housing Market
Sales over the last 12, 6 and 3 months, what is for sale now, and what rents — from MLS data through September 30, 2026. Updated on the 3rd of every month.
- Brokerage
- LPT Realty
- Licensed
- MA Broker
- Towns covered
- 17
- Languages
- English · Tiếng Việt
Is it a buyer’s or a seller’s market in Somerville?
Over the three months to September 2026, Somerville's condos sold for a median $787,000 — 99.5% of the final asking price, with 31% going over. Single-family homes sold for a median $1,148,000 — 101.1% of the final asking price, with 60% going over. 154 condos were for sale on October 20, 2026 — about 4.4 months of supply at the past year's pace — and 42 more were under agreement.
Single-family
Sellers have the edge
- Sold over asking
- 60%
- Median sale-to-asking
- 101.1%
- Months of supply
- 3.9
20 sales over the last three months (July–September 2026); supply as of October 20, 2026.
Condos
Close to balanced
- Sold over asking
- 31%
- Median sale-to-asking
- 99.5%
- Months of supply
- 4.4
109 sales over the last three months (July–September 2026); supply as of October 20, 2026.
Multi-family
Close to balanced
- Sold over asking
- 37%
- Median sale-to-asking
- 100.0%
- Months of supply
- 5.2
49 sales over the last three months (July–September 2026); supply as of October 20, 2026.
How we call it: see how these numbers are calculated.
Somerville home prices over 12, 6 and 3 months
The same measures over three spans, each ending with September 2026. Read them as a set: the three months hold fewer sales and a single season, and the season changes which homes sell, so a gap between the columns is partly the calendar. Comparisons with the same months a year earlier appear here as the sales archive behind these reports reaches back far enough.
Single-family
| 12 monthsOctober 2025–September 2026 | 6 monthsApril–September 2026 | 3 monthsJuly–September 2026 | |
|---|---|---|---|
| Homes sold | 70 | 40 | 20 |
| Sold per month | 5.8 | 6.7 | 6.7 |
| Median price | $1,303,000 | $1,246,000 | $1,148,000 |
| Middle half of prices | $1.03M–$1.93M | $1.03M–$1.7M | $900k–$1.32M |
| Median price per sq ft | $737 | $730 | $770 |
| Median sale-to-asking | 100.0% | 100.0% | 101.1% |
| Sold over asking | 50% | 50% | 60% |
| Sold under asking | 40% | 38% | 30% |
| Typical amount over asking | $56,000 | $62,550 | $47,500 |
| Median size (sq ft) | 1,982 | 1,732 | 1,531 |
Condos
| 12 monthsOctober 2025–September 2026 | 6 monthsApril–September 2026 | 3 monthsJuly–September 2026 | |
|---|---|---|---|
| Homes sold | 418 | 256 | 109 |
| Sold per month | 34.8 | 42.7 | 36.3 |
| Median price | $860,000 | $865,000 | $787,000 |
| Middle half of prices | $699k–$1.15M | $694k–$1.2M | $673k–$1.06M |
| Median price per sq ft | $746 | $750 | $732 |
| Median sale-to-asking | 100.0% | 100.0% | 99.5% |
| Sold over asking | 35% | 38% | 31% |
| Sold under asking | 47% | 43% | 52% |
| Typical amount over asking | $27,000 | $30,000 | $18,500 |
| Median size (sq ft) | 1,141 | 1,180 | 1,120 |
Multi-family
| 12 monthsOctober 2025–September 2026 | 6 monthsApril–September 2026 | 3 monthsJuly–September 2026 | |
|---|---|---|---|
| Homes sold | 149 | 94 | 49 |
| Sold per month | 12.4 | 15.7 | 16.3 |
| Median price | $1,320,000 | $1,355,000 | $1,360,000 |
| Middle half of prices | $1.1M–$1.61M | $1.15M–$1.66M | $1.23M–$1.62M |
| Median price per sq ft | $461 | $482 | $489 |
| Median sale-to-asking | 100.0% | 100.0% | 100.0% |
| Sold over asking | 38% | 43% | 37% |
| Sold under asking | 50% | 47% | 49% |
| Typical amount over asking | $55,000 | $63,001 | $56,000 |
| Median size (sq ft) | 2,985 | 2,993 | 2,900 |
Somerville sales month by month
Homes sold each month, all types
Share of condos sold over asking
A gap is a month with fewer than five sales.
The numbers behind the charts
| Month | Sold | Single-family median | Condos median | Multi-family median | Condos over asking |
|---|---|---|---|---|---|
| September 2026 | 46 | $1,260,000 | $764,000 | $1,441,000 | 27% |
| August 2026 | 53 | $1,050,000 | $852,000 | $1,403,000 | 32% |
| July 2026 | 79 | $1,003,000 | $762,000 | $1,348,000 | 32% |
| June 2026 | 90 | $1,335,000 | $967,000 | $1,398,000 | 44% |
| May 2026 | 61 | $1,699,000 | $985,000 | $1,460,000 | 40% |
| April 2026 | 61 | $1,300,000 | $868,000 | $1,263,000 | 48% |
| March 2026 | 35 | — | $745,000 | $1,411,000 | 30% |
| February 2026 | 36 | $1,650,000 | $975,000 | $1,350,000 | 24% |
| January 2026 | 31 | $1,785,000 | $850,000 | — | 35% |
| December 2025 | 48 | — | $755,000 | $1,224,000 | 24% |
| November 2025 | 49 | $1,298,000 | $872,000 | $1,175,000 | 34% |
| October 2025 | 48 | $1,355,000 | $949,000 | $1,320,000 | 30% |
What is for sale in Somerville now
On October 20, 2026, 241 homes were for sale in Somerville and 79 were under agreement — about 4.5 months of supply at the pace homes sold over the past year.
| Single-family | Condos | Multi-family | |
|---|---|---|---|
| For sale | 23 | 154 | 64 |
| Under agreement | 10 | 42 | 27 |
| Share with a buyer | 30% | 21% | 30% |
| Months of supply | 3.9 | 4.4 | 5.2 |
| Median asking price | $1,275,000 | $900,000 | $1,574,000 |
| Asking per sq ft | $676 | $746 | $483 |
| Listed in the last 30 days | 7 | 61 | 20 |
| Price cut in the last 30 days | 5 (typically 2%) | 48 (typically 4%) | 18 (typically 4%) |
Somerville by price range
Every type of home together, by what it sold for (or asks), over the last twelve months. A buyer shops by budget first, and competition is rarely the same across a town’s price ranges.
| Price range | Sold | Sale-to-asking | Over asking | For sale | Under agreement | Months of supply |
|---|---|---|---|---|---|---|
| Under $500k | 26 | 99.2% | 23% | 12 | 3 | 5.5 |
| $500k–$750k | 124 | 99.3% | 27% | 33 | 11 | 3.2 |
| $750k–$1M | 152 | 100.0% | 37% | 67 | 16 | 5.3 |
| $1M–$1.5M | 231 | 100.0% | 43% | 79 | 36 | 4.1 |
| $1.5M–$2M | 74 | 100.0% | 47% | 31 | 12 | 5.0 |
| $2M–$3M | 29 | 97.9% | 28% | 14 | 1 | 5.8 |
| $3M and up | 1 | — | — | 5 | 0 | — |
What a home costs in Somerville, by bedrooms
Single-family, last twelve months
| Bedrooms | Sold | Median | Per sq ft | Size |
|---|---|---|---|---|
| 2 bedrooms or fewer | 5 | $935k | $794 | 1,178 |
| 3 bedrooms | 23 | $1.05M | $767 | 1,464 |
| 4 bedrooms | 29 | $1.7M | $786 | 2,446 |
| 5 bedrooms | 9 | $1.75M | $738 | 2,290 |
| 6 or more | 4 | — | — | — |
Condos, last twelve months
| Bedrooms | Sold | Median | Per sq ft | Size |
|---|---|---|---|---|
| Studio or 1 bedroom | 67 | $609k | $845 | 712 |
| 2 bedrooms | 182 | $770k | $791 | 1,039 |
| 3 bedrooms or more | 169 | $1.2M | $665 | 1,756 |
Somerville by ZIP code
ZIP codes with at least five sales in the last twelve months.
Single-family
| ZIP | Sold | Median | Per sq ft | Sale-to-asking |
|---|---|---|---|---|
| 02143 | 23 | $1.3M | $744 | 100.8% |
| 02144 | 23 | $1.7M | $827 | 100.0% |
| 02145 | 24 | $1.07M | $619 | 100.1% |
Condos
| ZIP | Sold | Median | Per sq ft | Sale-to-asking |
|---|---|---|---|---|
| 02143 | 167 | $872k | $804 | 100.0% |
| 02144 | 109 | $929k | $735 | 100.0% |
| 02145 | 139 | $745k | $663 | 99.2% |
Rents in Somerville
Median monthly rent on leases signed, by bedrooms, and what rentals on the market are asking now.
| 12 months | 6 months | 3 months | Asking now | |
|---|---|---|---|---|
| Studio | $2,13830 leases | $2,10025 leases | $1,99513 leases | $2,5005 leases |
| 1 bedroom | $2,600157 leases | $2,600123 leases | $2,55070 leases | $2,65027 leases |
| 2 bedrooms | $3,125341 leases | $3,225240 leases | $3,125129 leases | $3,30073 leases |
| 3 bedrooms | $3,950256 leases | $3,950183 leases | $3,80078 leases | $3,42570 leases |
| 4 or more | $4,800129 leases | $4,80094 leases | $4,59546 leases | $4,55041 leases |
Buying in Somerville: what the numbers say
- Expect competition for single-family homes: over the last three months, 60% sold above their final asking price, typically by $47,500. On many of them, the asking price was not what it took.
- Condos have sold close to asking over the last three months — a median 99.5% of the final asking price — with 31% going over, typically by $18,500. That varies from home to home and from one price range to the next.
- Competition depends on price. Over the last twelve months 47% of homes between $1.5M and $2M sold over asking; under $500k only 23% did, and there are 5.5 months of homes for sale there.
- Of the 154 condos for sale on October 20, 2026, 93 have been listed for more than 30 days. 48 of the 154 cut their price in the last 30 days, typically by 4%. A listing that has sat is where an offer under asking is most often heard.
Selling in Somerville: what the numbers say
- Condos sold at a median 99.5% of their final asking price over the last three months, and 52% sold below it. That is against the LAST asking price: a home cut before it sold is counted against the lower one, so the price you start at matters more than this number suggests.
- Your competition: 154 condos for sale and 42 under agreement (21% of the market already has a buyer). At the past year's pace the homes for sale would take about 4.4 months to sell.
- Timing: the most condos closed in June 2026 (62) and the fewest in September 2026 (22). A closing follows the accepted offer by several weeks, so a busy month for closings reflects offers made the month or two before.
Somerville monthly market reports
How the Somerville numbers are calculated
Based on information from MLS Property Information Network, Inc. (MLS PIN) for closings from October 1, 2025 through September 30, 2026, and listings as of October 20, 2026. The figures are calculated by Kevin Hoang, LPT Realty, not by MLS PIN, and are believed accurate but not guaranteed. Sales that were never listed on MLS — some private and new-construction sales — are not included.
- Sale-to-asking
- The sale price divided by the final asking price, which is the only one MLS data carries. A home that cut its price and then sold at the lower figure reads as 100%.
- Sold over asking
- The share of sales that closed above the final asking price, by any amount.
- Months of supply
- Homes for sale now, divided by the average number sold per month over the past twelve months: how long the current listings would last if nothing new came on. It is lower in spring and higher in winter, as inventory is.
- Under agreement
- Listings with an accepted offer that has not closed, including contingent ones.
- Windows
- Whole calendar months ending with September 30, 2026. A closing reaches MLS a few days after it happens, so a window ending today would undercount its own last week.
- Medians
- The middle sale: half sold for more, half for less. A median needs at least five sales and is shown as a dash otherwise. A month’s median moves with which homes happened to close, so the three- and twelve-month figures are the steadier read.
- Listed in the last 30 days
- When this site first saw the listing. Tracking began on September 2, 2026; MLS data does not include days on market, so these pages do not report it.
- Rents
- Leases recorded in MLS, by bedroom count. Parking spaces, and anything under $500 or over $30,000 a month, are left out.
- Who has the edge
- We call it for sellers when 50% or more of homes sold above their final asking price, or the median sold above 101.0% of it; for buyers when the median sold at or below 98.0% and fewer than 25% went over. Anything between is close to balanced.
These figures describe a town, not a house. For what a particular home would sell for, ask for a written valuation.
Buying or selling in Somerville?
These numbers describe a whole town. What they mean for one home, one street or one budget is a conversation, and the first one costs nothing.