Is Somerville, MA 02145 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Somerville is a seller’s market. With about 3.3 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.3Under 4 months = seller’s market

Sold above original list24.6%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market29Listing to accepted offer

Median price per sq ft$598▼ −1.0% vs. last year

Run the numbers for 02145

Prefilled for 02145Can I win this house?Multiple-offer likelihood for a listing Prefilled for 02145Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Acton 01718 $291 /sq ft Acton 01720Seller’s market $385 /sq ft Arlington 02474Seller’s market $598 /sq ft Arlington 02476Seller’s market $609 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology