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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Somerville MA Home Sales – October 2010

Welcome to the Somerville MA Real Estate Report

Welcome to the Somerville MA Real Estate Report

Here’s the last of our monthly real estate reports for October with a quick look at Somerville MA home sales in October 2010.

Somerville MA Homes on the Market 

235 homes were listed for sale in Somerville in the Multiple Listing Service (the MLS) on October 31, 2010 for asking prices between $149,000 and $1,600,000.  Average days on market for these properties was 123 days. 

Inventory is actually down from this time last year in Somerville MA when 246 residential properties were on the market.

Somerville MA Home Sales in October 2010

30 homes sold in Somerville in October. The median sales price was $374,250.  Sales were down significantly from last year when 48 properties sold in October. 

7  single family houses sold in Somerville in October for sale prices between $242,000 and $725,000.  The median sales price was $345,000.  On average, single family houses sold for 99% of the list price and were on the market 72 days.

18 condos sold in Somerville MA last month for prices from $176,000 to $633,500.  Average days on market for these condominiums was 72. The median condo sales price was $357,500.  On average, condos sold for 96% of the asking price.

5 multi-family properties sold during October for prices from $465,000 to $769,000. The median sales price was $568,000. On average, multi-families sold for 98% of the asking price and average days on market was 48.

Total value of Somerville MA home sales in October 2010 was $12,070,500.


See also:

Somerville Properties Sold in September 2010




Info about Somerville MA home sales in October 2010 from MLSpin

Categories: Real Estate Market Info

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