Somerville Real Estate Market Update: A Look at Condo Sales This Fall
33 Glenwood Road, Somerville, MA | Sold by Rodney Scott in 2023
Somerville continues to attract buyers seeking a balance of neighborhood character, urban convenience, and proximity to Boston and Cambridge. With its distinctive architecture, vibrant local businesses, and evolving residential landscape, the city remains an appealing destination for those looking to put down roots in Greater Boston.
As we move further into the fall market, recent condominium sales offer a closer look at pricing, buyer activity, and the trends shaping Somerville real estate.
By the Numbers: Somerville’s Condo Market
According to MLS PIN data, 16 condominiums sold in Somerville between September 13 and October 13, 2026, generating more than $14.3 million in total sales volume.
Here’s a snapshot of the past 30 days:
16 Condominiums Sold
$894,219 Average Sale Price
$774,000 Median Sale Price
$14,307,500 Total Sales Volume
36 Average Days on Market
27 Average Days to Offer
103% Average Sale-to-List Price Ratio
The figures highlight a market where well-positioned properties continue to generate buyer interest, with the average sale-to-list price ratio indicating that homes sold for approximately 3% above their most recent asking prices.
What Are Condos Selling for in Somerville?
One of Somerville’s defining characteristics is the variety of housing available across different price points. From smaller condominiums to expansive, newly renovated residences, the city’s inventory appeals to a broad range of buyers.
During the reporting period, condominium sales ranged from $394,000 to $2,025,000, reflecting the diversity of properties throughout the market.
The median sale price of $774,000 provides a useful benchmark for understanding the middle of the market, while the higher average sale price of $894,219 reflects the influence of transactions at the upper end.
Notably, four of the 16 condominiums sold between $1 million and $1.5 million, illustrating continued activity in Somerville’s higher-priced condominium segment.
Are Somerville Condos Still Selling Above Asking?
Recent sales suggest that competitive pricing remains an important factor in Somerville’s condominium market.
With an average sale-to-list price ratio of 103%, properties sold for approximately 3% above their final listing prices on average.
However, individual results varied across price ranges. Some homes sold below asking, while others achieved notable premiums. One condominium in the $2 million to $2.5 million sale-price range closed at 135% of its most recent list price.
These differences reinforce an important point: property condition, location, presentation, and pricing strategy can significantly influence the outcome of a sale.
For sellers, understanding comparable properties and positioning a home effectively from the beginning can make a meaningful difference.
How Quickly Are Homes Selling?
Somerville condominiums spent an average of 36 days on the market during the reporting period, with an average of 27 days to receive an offer.
While some properties moved quickly, others required considerably more time to find the right buyer.
This variation highlights the importance of evaluating each property individually rather than relying exclusively on citywide averages.
For buyers, it also suggests that opportunities may exist to approach certain listings with greater flexibility, particularly when a property has been on the market longer than comparable homes.
What Does This Mean for Buyers and Sellers?
For Sellers
The latest data offers encouraging signs for homeowners considering a sale. With an average sale-to-list price ratio above 100%, buyers have demonstrated a willingness to compete for properties that align with their expectations.
Still, successful sales begin with a thoughtful strategy. Accurate pricing, professional presentation, and targeted marketing remain essential in distinguishing a property from competing inventory.
For Buyers
Somerville continues to offer a range of condominium options, from more accessible entry points to luxury residences.
Although some properties are achieving prices above asking, the variation in sales results demonstrates why careful market analysis is so valuable. Understanding recent comparable sales, property-specific characteristics, and neighborhood trends can help buyers make informed decisions.
Looking Ahead: Somerville’s Fall Real Estate Market
As the fall season progresses, Somerville remains an important market to watch within Greater Boston.
Its combination of established residential neighborhoods, architectural variety, and accessibility continues to make it a compelling place to call home.
While one month of sales activity does not establish a long-term trend, the latest figures provide a useful perspective on how condominiums are performing as we approach the final months of 2026.
Whether you’re considering selling your Somerville property, purchasing your first condominium, or exploring opportunities throughout Greater Boston, understanding the local market is an important first step.
Connect with Rodney Scott to explore current opportunities, review your property’s market position, and develop a real estate strategy tailored to your goals.
Market data sourced from MLS PIN, reflecting closed condominium sales in Somerville, Massachusetts, from September 13 through October 13, 2026. Statistics are based on 16 recorded transactions and are subject to change.