Home Values

Somerville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$274,400

  • -0.5% 1-year change
  • -0.8% 1-year forecast

The median home value in Somerville is $274,400. Somerville home values have declined -0.5% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in Somerville is None.

Foreclosures will be a factor impacting home values in the next several years. In Somerville 13.2 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 2.2 and also greater than the national value of 3.9

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Relative ZHVI
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Somerville Market Overview

Data through Apr 30, 2015
  • $274,400 ZHVI
  • -0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Somerville Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

13.2 homes(Mar 31, 2015) Somerville
2.2 homes New York Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Branchburg $428,800
Bridgewater $411,300
Hillsborough $373,200
Name Median ZHVI
Raritan $301,500
Franklin Township $297,000
Bound Brook $259,500
Name Median ZHVI
Middlesex $257,400
Manville $237,500
South Bound Brook $221,800

Listings & Sales

  • No data
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Somerville Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,051 Somerville
    $2,372 New York Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $2.01 Rent list price / sq ft
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