Somerville · Market report · July 2026
The Somerville housing market, read monthly.
The Somerville housing market as of July 2026: the median residential assessment stands at $963K across 17,257 parcels, and an estimated 776 homes change hands in a typical year — about 4.5% of the town's housing stock. Below: the numbers, the neighbor comparison, and my working read.
July 2026 snapshot
Somerville in four numbers.
- Median assessed value
- $962,700
- Average assessed value
- $1,076,710
- The median-average gap reflects the higher-value tail of the housing stock.
- Est. sales per year
- 776
- Owners 15+ years
- 33%
The data, spelled out
Somerville's mid-2026 municipal assessment roll puts the median residential value at $963K and the average at $1.08M. An estimated 776 residential sales close in Somerville per year, based on public transaction records — a turnover rate of about 4.5% across 17,257 residential parcels. 33% of owners have held 15+ years and 24% of parcels are absentee-owned as of mid-2026. Assessed values are set for tax purposes and lag open-market pricing; they anchor comparisons across towns, not what a specific home sells for.
Next door
How does Somerville compare to its neighbors?
| Town | Median assessed | Average assessed | Est. sales / yr |
|---|---|---|---|
| Somerville | $963K | $1.08M | 776 |
| Cambridge | $1.02M | $1.61M | 1,073 |
| Arlington | $986K | $1.02M | 667 |
Assessed values from municipal records, mid-2026; sales estimates from public transaction records. Cross-town comparisons describe housing stock and pricing only.
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Kealan's read · July 2026