Somerville Real Estate Homes for Sale

Somerville has slowly become one of the most sought-after places for people who want to buy a new home that is not so expensive and not so affordable either. In short, this town has just the right balance when it comes to the real estate properties it offers. You can find sophisticated condominium units with several features and you can also discover small homes that are just the right size for one family.

The median sales price is $629,000, and the price per square foot is believed to be approximately $590. If you are on the market for rentals, the median rent per month is $2,900.

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The market for this town is on an upward trend, and it should not come as a surprise. Its proximity to the city of Boston, along with the many developments and the constructions that take place in the area, make it one of the most desirable locations for professionals to live. It is one of the reasons why many people have been eyeing the properties in this town. Plus, the residential and mixed-use buildings make this place more attractive than ever for those who are searching for a new home.

What You Should Know about the Single-Family Homes in the Area

This town has some luxury properties for sale, but still, the prices are not as high as the other areas. In fact, the median listing price is around $825,000, and the price per square foot is just $488. The average closing price though is only about $697,000, which may be good news for the buyers because of the considerable difference in the list price and the closing.

One of the best things about this town is that it has expensive homes for sale for those who can afford them, but there are also ones for the middle-class. The sky-high prices may have turned you off into buying a new home in Massachusetts, but you will be surprised at how diverse the selections are in this town.

According to the Pew Research Center, the middle-class Americans are those who earn from $42k to $125k every year. This group of people faces many challenges, including debt loads that continue to escalate and the increasing costs of living. Let us also not forget that there are record-high costs of housing in several parts of the country, which is why finding a single-family home can be a struggle. Thankfully, this town has some options to offer.

Samples are those that have already been sold from January to March, including the home at 5 Webster Street, which asked for $729,000 but sold for $600,000, which means that it sold 30.15% lower than its asking price. It has three beds and one and a half baths in 1,568 square feet of space. The total measurement of the lot is 2,965 square feet.

This particular property was priced at $383 per square foot and is a single-family home with the bedrooms at the second level feature hardwood flooring. The bathrooms are in both the first and second levels of the property. As for the kitchen and dining areas, there is vinyl flooring, and both are found on the first level.

Other features of this house are the porch, gutters, and it comes with a fenced yard. There is also a basement with full and concrete flooring. This property was built in the 1900s and has a colonial style with brick foundation. The garage offers four parking spaces. Inside the building, heating and air conditioning are both provided.

Another discounted property that was just sold had three beds and two baths. The size of the property is 2,190 square feet, and the whole lot measured 5,000 square feet. This home sold for $900,000 when the original asking price was $989,000. It is located nearby the first-mentioned property since it is just at 7 Webster Street. It sold 18.11% lower than the asking price.

This family home is spacious and beautiful with a big backyard. It also has a huge driveway and is located in the eastern part of town on a quiet street. Aside from the massive size of the property, one of the reasons why it asked for a high price tag was because it is close to public transportation, park, restaurants, shopping centers, and schools.

Meanwhile, if there are affordable homes – or at least properties that reduced their prices to get a buyer – there are also ones that increased their costs. This town is also in an excellent abundance of single-family homes and other properties that have jaw-dropping prices. An example is the one at 255 Highland Avenue that asked for $2,560,000, which has eight bedrooms and six baths in 6,834 square feet of land.

All the rooms in this property are guaranteed to be very large and come with high ceilings. The eat-in kitchens have full appliances and the bathrooms all full feature tiles. Each room also has separate utilities if the new owner preferred it to be that way. Some of the bedrooms are quite huge, which is why three out of four of them can become two-bedroom units. There are rooms with private decks that overlook the garden and the manicured yard.

This property was calculated to be more than 200% more expensive than the other homes and units in the nearby area. Nevertheless, it got sold on the market in just three months.

Condos for Sale in Town: Are They What You are Looking For?

One of the most expensive homes ever sold in this town was the one at 28 Hawthorne Street. This particular property has three bedrooms and three and a half baths in 2,310 square feet of space. The total measurement of the lot is 5,744 square feet. This real estate was bought for $1,575,000 when it asked 14.55% less than the mentioned price. It was only on the market for less than two months before a buyer grabbed it.

This property is a detached townhouse and claimed to show how it is like to live in the city with its privacy and exclusivity. It showcased extraordinary craftsmanship through its designer details and contemporary elegance. It has four levels that can be occupied by the residents. Upon entering the unit, a dual flagstone fireplace would greet the owner. He or she would also see the built-in bookcases, along with the sliding barn door and the upscale kitchen that also has a wine bar.

The kitchen is one of the most exciting spots of this house because of its uniquely warm gray cabinets that are matched with the quartz countertops. An island is also featured in the kitchen where there is a farmer sink, along with the high-end appliances, such as the refrigerator, microwave, oven, and dishwasher.

As for the master suite, it is completed by a splendidly appointed en-suite that has dual sinks. The owner will also be glad to know about the toilet alcove as well as the custom-tiled shower. Great fans of wine will love the wine rack that makes the corner even more elegant-looking. The owners of the townhouse will receive an off-street spot for parking and will also gain access to the private green space in the outside parts of the community.

This townhouse is one of the most expensive because it is priced at $655 per square foot. Although it is the case, a Gilman Square condo was able to grab the headlines when it got sold to its new owner quite recently. It is a renovated condo and is located at one of the most desirable places in town since it is nearby the hottest restaurants. It is also expected to provide easy access to the upcoming T stop in the area.

The condo asked for $850,000 and had its first floor renovated to match the tastes of the interested buyers. As mentioned, it has a convenient location where it is nearby Highland Kitchen and Sarma and will soon be near the future Gilman Square Green Line stop. In this condo, the buyer finds two beds, along with two baths. The lower levels of the units are perfect for conversion into a media room or a home office.

This condo has an open floor plan that makes it ideal for parties and other forms of entertaining other people and guests. It also includes a living room that faces the southern part of the area, along with the dining room and the kitchen. The latter features white quartz counters, an island, and rich ebony cabinets.

The condo offers a side entrance that leads to the shared yard and on the patio that is for private use for the owner on the other side. The master bedroom en-suite faces the yard, so you can look outside, and you will see the well-manicured lawn. There is also a walk-in closet and an adjacent private bathroom that comes with double vanity. The bathrooms also feature marble tiles and a stall shower.

This property has its lower level in an open room so that the owner can decide whether to transform it into a media room, playroom, or home office. The huge space is enough for socializing and entertaining other people. A utility room is also available for use where there is a laundry hookup along with plenty of storage space. Parking is offered off the street, which sweetened the deal for this property.

Should You Choose an Apartment for Sale?

In this town, you have many options, especially when it comes to apartments. There was even an apartment that was expensive and sold for $2.5 million. It was a great deal because its asking price was $3.7 million. This particular property has six units with a total of 34 rooms since they have at least five bedrooms each. All of them have one and a half bathrooms with about 8,900 square feet of living space.

It is easy to see that the housing market in this town is thriving, especially since 2015. After remaining in the background where not a lot of homebuyers and sellers were taking notice, things are entirely different today. This town is now one of the places where the smart homeowners are looking to buy a new home. With a ton of options available, from single-family homes to condos to apartments, prospects have the chance to choose where they will live in the future after the sale.

It also does not hurt that there are appealing neighborhoods, activities, and hotspots in this area. In just a few years, this town has transformed into a shy, often neglected option to a vibrant place that prospective homeowners are seeking for.

Just a few years back, this city has several of the top and most expensive trades the market has ever seen. For instance, the one at 30 Howard Street that measured 2,500 square feet with four bedrooms and two bathrooms broke records in the entire town when it got sold for $1,750,000.

Another is the property right at 42 Ivaloo Street, which has 2,033 square feet of space and caught the attention of the history lovers because of its unique Victorian style. It also sold for $1,750,000, which means that two properties were the priciest ever sold in the city in just one year. Another that cannot be forgotten is the Victorian once again that measures 3,300 square feet and had an asking price of $1,690,000, which the buyer happily paid for in full. This property had an equal number of the bathrooms and bedrooms and went on sale in the middle of March.

As you can see, you have plenty of options available in this town. You can choose an apartment or a condo or even a single-family home. Whichever is right for your budget, taste, and needs will help you decide the perfect place for you and your family.

More Information

Perhaps one of the most popular developments in the area is the Assembly Row, which has condos and apartments in a mixed-use building. This particular development that just got completed its construction last year offers quick access to the areas in the city of Boston, thanks to the Assembly Station of the Orange Line, which is just one block away.

The property is just near the Mystic River where there is a six-acre park. Aside from the proximity to famous places and transportation, being a resident of the condominiums and apartments will give you access to the perks programs where there are exclusive promos and sales. There are also yearlong programs and events that include live music and yoga during the weekends.

However, what is truly exciting is the Assembly Line Park, which is still under construction. Together with The Point, these two provide an outdoor place for relaxation, connecting with other people, and of course, enjoyment.

This property is friendly with pets, so you will not have a problem to take your pet and let it live with you and your family in either the condo or the apartment units. Meanwhile, if you are do not want as many perks and you want a more quiet life in the suburbs, a single-family home may be what you are searching for.

Now is indeed a great time to purchase a home in Somerville. With plenty of choices available, it is still surprising to know that there are many options from traditional houses to mid-rises in this city.

Somerville Condo Developments

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