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Our Somerville, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Somerville as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Somerville, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Somerville MA Community Profile & History
Somerville, Massachusetts is an urban industrial city in the Mystic Valley. It is located along the divide between the lower Charles and Mystic River watersheds. Establishment of the area as a town in 1842 stimulated growth and in eight years, the community's population more than tripled. In each of the next decades until 1870 the population doubled.
Many of the new settlers worked in the city's various brickyards, producing as many as 1.3 million bricks a year by hand or 5.5 million with a new patent press. In 1851, the American Tube Works was opened and began manufacturing the first seamless brass tubes in the U.S. using an English patent. This marked the entrance of heavy industry into Somerville, and was soon followed by rolling and slitting mills, iron works and manufacturers of steam engines and boilers.
Diversification into glass production, food processing and meat packing soon followed. Establishment of street car lines stimulated the city's greatest suburban growth and the population again exploded, growing six fold between 1870 and 1915. Development explosions in other parts of the country increased the demand for bricks and at the highest point of production, 24 million bricks were being made a year in the 12 brickyards in the city. The city's population reached its peak during the Second World War.
Now largely residential in nature, Somerville remains the most densely populated community in New England, with students at one of the many area universities living alongside the many professionals who commute to work inside and outside the city. The city's popularity with graduate students owes largely to its affordable housing and location just minutes from some of the country's leading colleges and universities, including Tufts University, Harvard University, and MIT. The city is home to a growing arts community, with popular events such as the annual "ArtBeat" festival running throughout the year. The city also offers a thriving nightlife, with several popular clubs, bars and performance venues. The entire community lies near the center of Boston's public transportation matrix; the MBTA subway and bus lines are easily available throughout the city and offer access to Boston and other communities.
The international flavor of Somerville guarantees that you will feel at home. Diversity is a major component of the city's attractiveness to residents and business owners. The city's wide array of restaurants offer cuisine from all over the world. Both Union Square and Davis Square are popular dining and entertainment destinations for Greater Boston. And, of course, residents are just minutes from the wide array of cultural opportunities in Boston and Cambridge.
Somerville Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Somerville, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Somerville Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 113 92 $475282 $200000 $430000 $900000 |
2007 122 90 $472744 $144900 $449950 $949500 |
2008 107 80 $432963 $107000 $399750 $970000 |
2009 79 63 $409059 $132500 $377000 $1100000 |
2010 67 78 $466174 $150000 $402500 $1001000 |
Average Selling Price of Single Family Homes in Somerville
| 2006 |  $475282 | |
| 2007 | $472744 | |
| 2008 | $432963 | |
| 2009 | $409059 | |
| 2010 | $466174 |
Somerville Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 106 499 $354514 $129000 $350000 $960000 |
2007 105 414 $363607 $68000 $350000 $1125000 |
2008 105 329 $368853 $134000 $350000 $685000 |
2009 90 361 $371822 $80000 $363000 $893000 |
2010 83 373 $377770 $150000 $359000 $775000 |
Average Selling Price of Condominiums in Somerville
| 2006 | $354514 | |
| 2007 | $363607 | |
| 2008 | $368853 | |
| 2009 | $371822 | |
| 2010 | $377770 |