$295,000 Open Sun 12PM - 1:30PM
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- 1.5 Baths
- 1,432 Sq Ft
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Davis Square stands as the cultural center of Somerville, Massachusetts, with its distinctive red-brick sidewalks, independent shops, and live music venues anchored by the historic 1914 Somerville Theatre. Union Square offers an eclectic mix of businesses at Bow Market, while Assembly Row provides modern shopping and community events. The city celebrates its creative spirit through numerous festivals, including the HONK! Festival of activist street bands in October, ArtBeat in July, and the unique Fluff Festival commemorating the invention of Marshmallow Fluff. Residents enjoy diverse dining options from Highland Kitchen's comfort food to Sarma's innovative Mediterranean small plates and Field & Vine's farm-to-table experience.
The housing market offers varied options across distinct neighborhoods. One bedroom condos in Davis Square have a median price of $717,500, while two bedroom condos reach $1,100,000. Winter Hill presents more affordable options with one bedroom condos at a median price of $496,000. Single family homes across Somerville command a median price of $1,150,000, while townhomes reach $1,300,000.
Somerville maintains a property tax rate of 1.05%, comparable to neighboring Cambridge and Medford, but higher than Boston's 0.67%. The Massachusetts state income tax rate is 5.00%, with a 6.25% sales tax. Transportation options include the MBTA Red Line at Davis Square, Orange Line at Assembly, and the new Green Line Extension serving Union Square and Ball Square. The Somerville Community Path provides a green corridor for cyclists and pedestrians. Public education includes highly rated schools such as John F. Kennedy Elementary School, while private options like Buckingham Browne & Nichols School offer additional choices for families.
On average, homes in Somerville, MA sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Somerville, MA over the last 12 months is $1,000,000, up 10% from the median home sale price over the previous 12 months.