Somerville Market Report Q2 2023

SOMERVILLE MARKET REPORT Q2 2023 We've been recognized as Boston Magazine's Top Producer in 2021 & 2022!

SOMERVILLE MARKET REPORT Q1 2022 - Q2 2023 2021 Q4

Q1

2022 Q2

AVERAGE SALE PRICE

QUARTERS

Q3

Q4

$1,600,000

2023

Q1

Q2

Q3

Q4

Q1

Q2

Q3

$1,421,671

$1,400,000

Q4

$1,200,000 $1,000,000 $800,000 $600,000

CC

$400,000 $200,000

MF

$Qtr1

SF

Qtr2

Qtr3

Qtr4

Qtr1

2022

Qtr2 2023

SF

TOTAL SOLD

AVERAGE LIST PRICE

30

$1,600,000

$1,371,105

$1,400,000 $1,000,000 12

14

17

16

14

$1,200,000 $800,000 $600,000 $400,000

2022

$-

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

$200,000 Qtr1

Qtr2

2023

Qtr3

Qtr4

Qtr1

2022

SF

Qtr2 2023

SF

AVERAGE DAYS ON THE MARKET 91

MEDIAN SALE PRICE $1,600,000

$1,364,250

$1,400,000 $1,200,000 47

$1,000,000 $600,000

20

14

19

28

$800,000 $400,000

2022

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

$200,000 $Qtr1

Qtr2

2023

Qtr3

SF

Qtr1

MEDIAN LIST PRICE

113%

$1,313,500

104%

104%

$1,400,000

99%

101%

Qtr2 2023

SF

SOLD TO LIST PRICE RATIO 108%

Qtr4

2022

$1,200,000 $1,000,000 $800,000

$600,000

2022

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

$400,000 $200,000 $Qtr1

2023

2022

Qtr3

Ilya Rasner ilya@rasnergroup.com (617) 823-9780

Qtr4

Qtr1

Qtr2 2023

SF

2023

Data from MLS Prepared by The Rasner Group

Report Generated as of 8/15/2023

Qtr2 2022

SF

SOMERVILLE MARKET REPORT Q1 2022 - Q2 2023 2021 Q4

Q1

2022 Q2

AVERAGE SALE PRICE

QUARTERS

Q3

Q4

$1,000,000

2023

Q1

Q2

Q3

Q4

Q1

Q2

Q3

$952,683

Q4

$950,000

$900,000 $850,000

CC

$800,000

MF

$750,000 Qtr1

SF

Qtr2

Qtr3

Qtr4

Qtr1

2022

Qtr2 2023

CC

TOTAL SOLD 105

$980,000 $960,000 $940,000 $920,000 $900,000 $880,000 $860,000 $840,000 $820,000 $800,000 $780,000 $760,000

QTR2

84 QTR1

QTR4

QTR3

QTR2

QTR1

76

102

109

166

AVERAGE LIST PRICE

2022

$939,910

Qtr1

Qtr2

2023

Qtr3

CC

57

59

QTR4

QTR1

MEDIAN SALE PRICE

35 QTR2

QTR3

26 QTR2

$915,000

Qtr1

Qtr2

2023

Qtr3

2022

102% QTR2

101% QTR1

QTR4

99%

100% QTR3

Qtr2 2023

MEDIAN LIST PRICE

105%

QTR2

Qtr1

CC

SOLD TO LIST PRICE RATIO 103%

Qtr4

2022

CC

QTR1

Qtr2 2023

$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $-

44

42 QTR1

2022

$895,000

$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $-

Qtr1

2023

Qtr2

Qtr3 2022

CC

Ilya Rasner ilya@rasnergroup.com (617) 823-9780

Qtr4

Qtr1

Qtr2 2023

CC

2023

Data from MLS Prepared by The Rasner Group

Report Generated as of 8/15/2023

Qtr1

CC

AVERAGE DAYS ON THE MARKET

2022

Qtr4

2022

SOMERVILLE MARKET REPORT Q1 2022 - Q2 2023 2021 Q4

Q1

2022 Q2

AVERAGE SALE PRICE

QUARTERS

Q3

Q4

$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-

2023

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

CC MF

$1,400,829

Qtr1

SF

Qtr2

Qtr3

Qtr4

Qtr1

2022

Qtr2 2023

MF

TOTAL SOLD

AVERAGE LIST PRICE

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

17

24

25

38

39

51

$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-

2022

$1,380,425

Qtr1

Qtr2

2023

Qtr3

Qtr4

Qtr1

2022

MF

Qtr2 2023

MF

AVERAGE DAYS ON THE MARKET

MEDIAN SALE PRICE

60

$1,600,000

$1,425,000

$1,400,000 39

43

$1,200,000 27

31

$1,000,000

18

$800,000 $600,000 $400,000

2022

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

$200,000 $Qtr1

Qtr2

2023

Qtr3

MF

Qtr1

Qtr2 2023

MF

MEDIAN LIST PRICE 102%

101%

102%

104%

SOLD TO LIST PRICE RATIO 104%

Qtr4

2022

$1,311,950

$1,350,000

$1,300,000 $1,250,000

97%

$1,200,000 $1,150,000 $1,100,000

2022

QTR2

QTR1

QTR4

QTR3

QTR2

QTR1

$1,050,000 $1,000,000 $950,000 Qtr1

2023

2022

Qtr3

Ilya Rasner ilya@rasnergroup.com (617) 823-9780

Qtr4

Qtr1

Qtr2 2023

MF

2023

Data from MLS Prepared by The Rasner Group

Report Generated as of 8/15/2023

Qtr2 2022

MF

ILYA RASNER (617) 823-9780 ilya@rasnergroup.com 607 Boylston Street, 5th Floor Boston, MA 02116 www.rasnergroup.com