Strength 4 / 5
$979K
Somerville median sale price fell back under $1M — now $979K
Dropping back below $1M re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.
Markets › Massachusetts
Massachusetts housing market
In the Bay State, part of the Census Bureau's New England division, Pecan Street tracks four markets. Median sale prices run from $381K in Springfield to $761K in Cape Cod as of Sep 2026. All four are higher than a year earlier, led by Cape Cod (+5.4%).
Homes sit longest in Cape Cod (56 median days on market) and sell fastest in Springfield (39 days). The share of active listings with a price cut runs from 34% in Cape Cod to 49% in Worcester. Price-to-rent ratios run from about 14 in Springfield to 20 in Cape Cod, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Springfield metro has the 16th-fewest median days on market and the Worcester metro the 19th-highest share of listings with a price cut. Massachusetts's unemployment rate was 4.3% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Boston | $743K | +2.1% | 43 | 40% | ≈ 17 |
| Cape Cod | $761K | +5.4% | 56 | 34% | ≈ 20 |
| Springfield | $381K | +3.0% | 39 | 47% | ≈ 14 |
| Worcester | $489K | +2.2% | 45 | 49% | ≈ 16 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.