Somerville, MA 02143 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Somerville, MA — 02143
Market Hotness
41
Hotness Rank
#8,316
Hotness Score
41
Supply Score
77
Demand Score
4
DOM vs US
-15.8%
Faster
Price vs US
231%
Above avg
Median Listing Price
$993K
Population
25,513
Households
664,267
Median Days on Market
37
Active Listings
49
New Listings
32
Housing Market
Pricing
Median Listing Price
$993K
+5.6% YoY
Average Listing Price
$1.09M
-0.8% YoY
Price per Sq Ft
$818
-0.2% YoY
Median Sq Ft
1,203
+3.7% YoY
Inventory
Active Listings
49
+10.2% YoY
New Listings
32
+6.7% YoY
Total Listings
82
+69.1% YoY
Buyer Competition
Pending Listings
33
+633.3% YoY
Pending Ratio
0.68
+57.8% YoY
Median Days on Market
37
+23.1% YoY
Price Reduced
26.9%
+5.3% YoY
Demand Fundamentals
Median Age
38.9
2024
Population
ZIP Population
25,513
+1.4% 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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