Below are statistics for Somerville MA single family sales, 2nd quarter average prices of homes sold. It includes a year-over-year comparison to give you a sense of where the market has been (and perhaps where it may be heading).
Somerville MA Single Family Sales
The average price of homes sold in Somerville MA for the 2nd quarter decreased -5.71% from $856,469 (in 2015) to $807,579 (in 2016). This after it increased 20.47% from $710,925 (in 2014) to $856,469 (in 2015). Before that there was a 32.19% change.
2nd Quarter Average Price Of Homes Sold
More on the Somerville MA Single Family Home Market
Although prices dropped slightly this year, they are still higher than the same time period during the 3 years prior to that. This consistent growth is great news for both buyers and sellers in Somerville. Buyers who purchased over the last few years have instant equity. Sellers can still take advantage of high home prices and a seller’s market.
Note: These statistics were received from third party sources including public records and the MLS Property Information Network, Inc. They are intended to provide a general overview of the market, are not guaranteed accurate, and may not include every single family sold in Somerville.