Somerville, Massachusetts Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Somerville, Massachusetts
3 ZIPs in this city:
02143
02144
02145
Market Hotness
40
Hotness Rank
--
Hotness Score
40
Supply Score
76
Demand Score
4
DOM vs US
-15.4%
Faster
Price vs US
234%
Above avg
Median Listing Price
$977K
Population
78,456
Households
664,267
Median Days on Market
39
Active Listings
142
New Listings
92
Housing Market
Pricing
Median Listing Price
$977K
+2.5% YoY
Average Listing Price
$1.05M
-3.6% YoY
Price per Sq Ft
$738.746
0.0% YoY
Median Sq Ft
1,326
+4.1% YoY
Inventory
Active Listings
142
+44.9% YoY
New Listings
92
+39.4% YoY
Total Listings
230
+115.0% YoY
Buyer Competition
Pending Listings
87
+770.0% YoY
Pending Ratio
0.62
+533.2% YoY
Median Days on Market
39
+14.7% YoY
Price Reduced
19.8%
-8.8% YoY
Demand Fundamentals
Median Age
38.9
2024
Population
Total Population
78,456
+0.5% YoY
Middlesex County Population
1,668,956
+1.5% YoY
Households
Total Housing Units
664,267
+0.5% YoY
Age
2024 Age Mix
1.6M
residents
Under 18
318,865
19.5%
Adults 18–64
1,052,493
64.2%
65 & Over
267,007
16.3%
Age Composition Over Time
2017–2024
Population Under 18
318,865
+0.1% YoY
Population 65 & Over
267,007
+2.9% YoY
Median Age
38.90
0.0% YoY
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