Somerville, MA Real Estate Market Report: July 2026
Somerville closed 79 sales in July 2026 — 8 single-family homes, 53 condos, and 18 multi-family properties and the numbers tell a pretty clear story: this is still a market where well-priced homes move fast and often sell for more than the seller was asking. If you’re buying, selling, or just keeping an eye on your equity in Davis Square, Union Square, Winter Hill, or anywhere in between, here’s what actually happened last month.
Single-Family Homes: A Tight, Competitive Market
Only eight single-family homes changed hands in Somerville in July, which tells you almost as much as the price data does. Inventory in this segment is thin. Of the ones that did sell:
- Average sale price: $1,242,626.50 ($677.63/sqft)
- Median sale price: $1,002,500 ($655/sqft)
- Average days on market: 41
- Average time to offer: under 31 days
The average sale price actually landed above the average list price ($1,233,375), which means single-family sellers who priced realistically walked away with more than they asked for, on average.
The standout was 13 Fiske Ave in Magoun Square, a fixer-upper marketed to “visionary buyers, contractors & builders.” It listed at $869,000 and sold in just three days for $900,000 — over $30K above ask. On the other end of the spectrum, 18 Greene Street in Spring Hill, a fully renovated 1915 Victorian with 3,265 square feet, closed at $2,406,012, the top single-family sale of the month.
Condos: The Volume Driver
Condos accounted for two-thirds of all Somerville sales in July — 53 units, more than single-family and multi-family combined. That volume comes with a wider price range, from a $297,000 studio at 10 Roberts St in Magoun Square (387 square feet) up to a $2.1 million penthouse loft at 3 Tannery Brook Row in Davis Square.
- Average sale price: $842,018.87 ($752.86/sqft)
- Median sale price: $762,000 ($762/sqft)
- Average days on market: just under 41
- Median days on market: 24
Unlike single-family homes, condos sold slightly below average list price ($844,530.11 average list vs. $842,018.87 average sale) — essentially at asking, with normal negotiating room. But that average hides a lot of variation. Several units in Winter Hill’s newly built developments on Derby Street sold within a week or two, at or near list. Meanwhile, a handful of condos with pricier finishes or slower-moving buildings sat for 100+ days before finding a buyer, including a unit at 17 Buckingham Street that took 145 days and eventually sold $122,500 under its original list price.
The biggest overbid of the month went to a two-bedroom at 75 Electric Avenue, which listed at $1,250,000 and sold for $1,390,000 — $140K over ask in just 16 days on market.
Multi-Family: Investors Are Still Paying Up
Eighteen multi-family properties sold in July, and this was the segment where sellers had the most leverage.
- Average sale price: $1,427,916.67 ($500.09/sqft)
- Median sale price: $1,347,500 ($494/sqft)
- Average days on market: 27 — the fastest-moving property type in the city last month
- Average time to offer: under 18 days
Multi-family sale prices came in more than 2% above average list price, the widest premium of any property type this month. 8 Parker Place, a two-family near Porter Square, listed at $849,000 and sold for $930,000 in just seven days. 18 Acadia Park, a three-family near Porter Square, listed at $1,828,000 and closed at $2,023,000 — nearly $200K over ask, also in seven days. If you’re an investor or an owner-occupant looking to offset your mortgage with rental income, expect competition; these numbers suggest buyers are still willing to stretch for the right two- or three-family.
Neighborhood Notes
A few pockets stood out for activity in July:
- Winter Hill and Davis Square saw the heaviest condo turnover, with several nearly identical units at 60 Derby Street trading within weeks of each other.
- Spring Hill produced the month’s priciest single-family sales, including both homes over $2 million.
- Magoun Square, Union Square, and East Somerville delivered the more accessible end of the market — condos and starter single-families generally under $900,000.
- Porter Square-adjacent streets (Acadia Park, Parker Place) were where multi-family buyers competed hardest.
What This Means If You’re Buying or Selling
If you’re selling a single-family home or a two- or three-family property, July’s numbers back up asking for a competitive price and expecting multiple offers, especially if the property needs work or sits near a T stop. Well-located multi-families in particular are moving in under three weeks.
If you’re buying, be ready to move fast on anything priced right — the median time to offer across property types is measured in days, not months. Condos remain the segment with the most room to negotiate, particularly for units that have already sat on the market for 60+ days.
Frequently Asked Questions
What was the median home price in Somerville, MA in July 2026?
The median single-family sale price was $1,002,500. The median condo sale price was $762,000, and the median multi-family sale price was $1,347,500.
Is Somerville, MA a seller’s market right now?
Based on July 2026 data, yes for single-family and multi-family properties — both sold above average list price. Condos sold close to list price, suggesting a more balanced market for that segment.
How fast are homes selling in Somerville, MA?
Multi-family properties sold fastest, averaging 27 days on market. Single-family homes and condos both averaged around 41 days, though median times were faster — 24 days for condos.
What neighborhoods in Somerville are seeing the most sales activity?
Winter Hill and Davis Square led condo sales volume in July 2026, while Spring Hill saw the highest-priced single-family transactions and the Porter Square area drove multi-family competition.
Data source: MLS Property Information Network, single-family, condominium, and multi-family sold listings, Somerville, MA, July 1–31, 2026. Figures reflect closed sales only.