Somerville, MA 02144 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Somerville, MA — 02144
Market Hotness
45
Hotness Rank
#7,331
Hotness Score
45
Supply Score
88
Demand Score
3
DOM vs US
-22.0%
Faster
Price vs US
278%
Above avg
Median Listing Price
$1.19M
Population
25,448
Households
664,267
Median Days on Market
31
Active Listings
35
New Listings
28
Housing Market
Pricing
Median Listing Price
$1.19M
-9.6% YoY
Average Listing Price
$1.26M
-8.7% YoY
Price per Sq Ft
$750
+10.9% YoY
Median Sq Ft
1,706
-10.2% YoY
Inventory
Active Listings
35
+102.9% YoY
New Listings
28
+133.3% YoY
Total Listings
58
+187.5% YoY
Buyer Competition
Pending Listings
23
+650.0% YoY
Pending Ratio
0.65
+47.6% YoY
Median Days on Market
31
-19.5% YoY
Price Reduced
8.9%
-12.3% YoY
Demand Fundamentals
Median Age
38.9
2024
Population
ZIP Population
25,448
+1.8% 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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