Somerville MA Single Family Real Estate Report For 3rd Quarter 2014

The Somerville MA single family real estate report for 3rd quarter 2014 below details average home prices, number of properties sold, and average days on market for the previous several years.

Somerville MA Single Family Real Estate Prices

3rd Quarter Price of Homes Closed

Somerville MA average sales price for the 3rd quarter decreased -14.16 % from $605,297 to $519,586. Prior to that, it increased 12.75% from $536,839 to $605,297. Prior to that there was a 12.34% change. This most recent decline is a change from the trend from the previous few years.

2009 $385,981
2010 $465,025
2011 $477,861
2012 $536,839
2013 $605,297
2014 $519,586

3rd Quarter Volume Of Homes Sold

The Volume of homes sold in Somerville MA for the 3rd quarter decreased -21.62% from 37 to 29. In the time frame before that, it increased 32.14% from 28 to 37. Prior to that was a 33.33% change. This most recent decline is a change from the pattern from past years.

2009 21
2010 24
2011 21
2012 28
2013 37
2014 29

3rd Quarter Average Listing Time Frame

The Average listing time frame in Somerville MA for the 3rd quarter increased 88% from 25 to 47. In the time frame before that, it decreased -46.81% from 47 to 25. Prior to that was a -33.8% change. This most recent increase is a shift in trend from previous years.

2009 60
2010 57
2011 71
2012 47
2013 25
2014 47

About the Somerville MA Single Family Real Estate Report For 3rd Quarter 2014

This Somerville MA single family real estate report for 3rd quarter 2014 is provided as an overview and may not include all sales (such as private sales). These statistics were received from third parties including county records and the Massachusetts MLS Property Information Network, Inc. Statistics above cover only the third quarter of each year (and not the entire year). Follow our blog for statistics on additional time frames and for an end of year summary.