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

The Somerville housing market right now

In the three months ending August 31, 2026, 25% of homes in Somerville, MA 02145 sold above their list price, the typical home went under contract in 29 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (23 days then) and the median sale price fell 26% to $802,153. Overall, Somerville is less competitive than a year ago, which gives buyers more room.

Within Middlesex County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in 96%. On our competition score, Somerville ranks #322 of 362 MA ZIP codes with enough sales (score 55 out of 100).

Nearby, buyers who want less competition could look at Newton Lower Falls 02462 (0% sold over asking) or Cambridge 02142 (0% sold over asking), while Acton 01718 (100% sold over asking) and Dunstable 01827 (78% sold over asking) are even more competitive.