Teele Square: a Perfect Place to Buy or Sell a Home
Teele Square is an area in Somerville that is walking distance to Davis Square, Tufts University and thanks to the new T stop in Medford, the Tufts green line T stop. This part of Somerville tends to be slightly more affordable compared to some other areas bordering the Davis Square area of Somerville.
What is your specific real estate need in Teele Square?
Scroll down or jump to your specific area of need by clicking one of the options below:
Selling a Single Family in Teele Square · Selling a Condo in Teele Square · Selling a Multi-Family in Teele Square · Selling a Development Opportunity in Teele Square
Buying a Single Family in Teele Square · Buying a Condo in Teele Square · Buying a Multi-Family in Teele Square · Buying a Development Opportunity in Teele Square
Selling a single family in Teele Square
Single families in Teele Square aren’t super common, which presents a bit of a double-edged sword if you have one. On one end, there aren’t going to be a ton of relevant, recent data points for your property so determining pricing can be a bit tricky. But on the other end, there won’t be as much competition.
So for scenarios like this, where you are selling a product where the competition is limited, we can oftentimes present your property with more aspirational pricing since there may not be data to support price in one direction or the other. In order to be aspirational in price, we of course need to ensure we target your home to the right buyer - which very well may be someone affiliated with Tufts OR a young professional family looking to buy a single family relatively close to Davis Square but at a discounted price point.
Regardless, you are in a unique bucket and will need some hand holding to ensure you are properly positioned here. If you need help just give a call or text at 617-833-7457.
Selling a condo in Teele Square
There’s quite a big gap in terms of where condos sell in Teele Square depending on whether or not your unit is gut renovated and brand new looking or not. In fact, two units could be similar square footage and layouts, but the gut renovated one may go for $1.1M while the less updated one might go for $750k.
That is a wide spread and I find that often we can take that $750k condo and drive up the price by preparing and marketing it in such a way where it feels more in a category as a gut-renovated condo, even if it isn’t truly gut renovated. The same holds true even for those newer condos in Teele Square - by light updates and proper staging we may be able to take your $1.1M market rate condo and help sell it for $1.2M while only putting $5k to $10k into it.
So regardless of what sort of condo you may own in Teele Square, let’s hop on a call and figure out how we can maximize your return to ensure the best possible outcome for you! Just give a ring or text to 617-833-7457 and I am happy to chat!
Selling a multi-family in Teele Square
Multi-families in Teele Square tend to be fairly similar in terms of layout and size, mostly landing in the 2,200 to 2,800 square foot range and often having 4 to 6 total bedrooms. They often typically sell in a relatively narrow band of call it $1.2M to $1.4M as of this writing in late 2025.
And so the key then is what can we do to position your $1.2M market rate multi-family and make it feel as much as possible like a $1.4M property. That will depend on a variety of factors, but some of the areas I will be looking at are:
Are the units currently on a lease or tenancy at will? Are your current rents below market, at market or above market?
If the unit is vacant or can be vacant, are there any updates to the units that would make the unit appeal to owner occupants? What about updates that would increase the median rental market value?
Is there anyway either unit could be reconfigured to add bathrooms or bedrooms in a natural way that could further increase rents?
These questions help us figure out what can be done to your multi-family to help position your property as higher up in the rather tight range of multi-families in Teele Square. If another Teele Square multi-family is on-market in your neighborhood, we want to ensure that buyers pick yours and it should feel not even close.
Let me help you properly position your multi-family in Teele Square, so that you can realize outsized returns! Call me at 617-833-7457 to discuss more!
Selling a development opportunity in Teele Square
I rarely see development opportunities in Teele Square, but if you happen to have an oversized lot (think 7,500 square feet or larger for this part of town) or a really large 2-family or 3-family (which don’t come up too often in Teele Square in my experience), there could be an opportunity to condoize or create additional housing, such as a cottage (as termed by Somerville zoning code).
If you aren’t sure if your property may be a quality development opportunity, give me a ring at 617-833-7457 and we can chat in more detail!
Buying a single family in Teele Square
The truth is, I don’t really see a lot of single families coming up in the Teele Square section of Somerville. This chunk of Somerville tends to be almost exclusively condos and multi-family properties. If you are looking for a single family close to Teele Square, your best bet is to look closer to the heart of Davis Square, but expect generally higher prices compared to much of the overall single family market in Somerville.
Buying a condo in Teele Square
When it comes to condos in Teele Square, you are most typically going to see sales prices in the $700 to $800 per a square foot range (as of 2025).
Less updated 2-beds in Teele Square generally go in the $700k to $850k range and typically land in the 800 to 1,000 square feet range.
More updated, newer 2-bed units in Teele Square more typically range in the $1M to $1.2M range.
The high-end range for Teele Square are typically 3 or 4-bed luxury gut renovated condos with 1,400-2,000+ square feet and usually sell in the $1.3M to $1.5M range. Still a bit more affordable than some other areas of Somerville like Davis Square, Porter Square and Union Square.
So if you are looking for excellent square footage, solid accessibility, and a slight discount on price per a square foot, Teele Square is not a bad option to target! If you are thinking of buying a condo in Teele Square and have any questions at all, give me a call at 617-833-7457!
Buying a multi-family in Teele Square
When it comes to multi-families in Teele Square, you tend to see mostly 2-families and fairly similar square footage. Most 2-families in this part of Somerville land in the 2,200 to 2,800 square footage range. Most of these 2-families sell in a narrow band, around $1.2M to $1.4M. Generally the higher square footage, more updates 2-families land on the higher end of the range and the lower square footage, less updated 2-families land on the lower end.
Occasionally I’ll see a 3-family or larger, but they don’t come up too often. 3-families around here generally land in the $1.4M to $1.6M range as of this writing, depending on condition, square footage, bed count and layout - but again, not too many pop up each year.
If you are thinking of buying a multi-family in Teele Square, I can help teach you what a median deal, excellent deal and really bad deal look like. Just give me a call to discuss at 617-833-7457!
Buying a development opportunity in Teele Square
The most common development opportunity here is a straightforward condo conversion of a typical Teele Square 2-family. There was a big boom with these projects around 2020 through 2022, but I have seen a slow as of this writing in late 2025.
I don’t see too many development opportunities where the numbers work at the moment for this part of town, but if you are considering a development play and want to talk things out, give me a call and we can see if it could make sense or not! My cell is 617-833-7457.
Read more about the selling and buying services that I can provide here:
Above are samples of properties I’ve helped clients sell or buy. Read more about my past work here.
Get the inside scoop on the local real estate market.
Join 1400+ landlords, investors and owners and receive the best tips on how to buy, sell, and manage properties in Cambridge, Somerville and Medford. 100% free, straight to your inbox every month.