What It Costs to Sell a Home in Somerville
Selling a home in Somerville, Massachusetts costs roughly $50.5K on a median-priced sale of $899K — about 5.6% of the sale price, before any mortgage payoff.
The largest cost is the real estate commission (typically around 5%, or $45K on a median sale — though commissions are negotiable). Massachusetts also charges a transfer tax (deed excise) of $4.56 per $1,000, about $4.1K on a median Somerville home, plus roughly $1.5K in attorney, recording, and miscellaneous closing fees.
After those costs, a median-priced Somerville seller nets about $848K before paying off any remaining mortgage. For a precise figure based on your sale price and loan balance, use our seller's net-proceeds calculator.