Somerville: The 14% Single-Family Surge

Somerville: The 14% Single-Family Surge

While Somerville is known for its condos, the single-family market here is exploding. In 2022, the median price for a single-family home jumped 14% to $1.1M.

Market Dynamics

• Days to Offer: Dropped from 22 days down to just 17 days.
• Multi-Family Homes: Still a massive draw for investors, with median prices reaching $1.25M.
• The 'Davis Square' Effect: Proximity to the Red Line continues to drive the highest premiums.

Speed is Key

In Somerville, the market moves faster than almost anywhere else. If you aren't ready to offer within 48 hours of an open house, you might miss out.