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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 Real Estate Market Statistics – January 2009

Somerville MassachusettsThe Somerville Real Estate Numbers for January 2009

178 properties were on the market in Somerville on January 31, 2009. The lowest priced property was listed for $149,900, the most expensive for $2,875,000. Average days on market was 161.

Real estate transactions in Massachusetts typically close about six to eight weeks after a seller accepts an offer.  Most of the January sales reflect real estate activity in November and December.  24 properties sold (closed) in Somerville during January with an average sales price of $487,181.  The median sales price was $414,000. Average days on market was 66.

Three single family sales closed in January – for $220,000, for $274,000, and $426,000.

Four condominium sales closed in January. The least expensive condominium sold for $88,000.  The most expensive condo sold in January closed for $639,500.  The median condo sales price was $460,000. 

Eight multi-family sales closed in January. The lowest sale price for a multi-family was $320,000.  The highest price paid was $675,000. The median sales price was $514,750. Multi-families sold for an average of 97% of list price.

Total Somerville closed residential real estate sales volume in January was $6,767,000.

Categories: Real Estate Market Info

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