Eric Raynor

Somerville, MA

Single-Family Homes

Real Estate Agent



Somerville, MA

Sat Apr 12 2025
This week the median list price for Somerville, MA is $1,999,900 with the market action index hovering around 39. This is an increase over last month's market action index of 32. Inventory has decreased to 11. Click here to stay informed with the Somerville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Somerville, MA

Sat Apr 12 2025
This week the median list price for Somerville, MA is $1,999,900 with the market action index hovering around 39. This is an increase over last month's market action index of 32. Inventory has decreased to 11. Click here to stay informed with the Somerville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Real-Time Market Profile

Never miss important changes in the Somerville market.
Median List Price $1,999,900
Median Price of New Listings $1,074,500
Per Square Foot $625
Average Days on Market 90
Median Days on Market 35
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 39
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,799,900 4,613 0 - 4,500 sqft 5 4.8 110 0 0 101
$2,198,000 3,427 0 - 4,500 sqft 4 4.5 105 0 1 280
$1,325,000 1,980 0 - 4,500 sqft 4 2.5 115 2 1 0
$895,000 1,526 0 - 4,500 sqft 4 2 135 2 0 0