Cambridge, nestled in the heart of Ontario, combines a tranquil atmosphere with convenient urban living. Current Cambridge MLS® stats indicate an average house price of $928,360 and 280 new listings in the last 28 days. As of today, Cambridge housing data shows median days on the market for a home is 15 days.
1. Listings on the Market:
The Cambridge real estate market offers a variety of housing options, including homes, townhomes, and condos.
Cambridge currently features 294 homes listed on the market, providing a diverse array of choices for residents and newcomers. These homes represent a blend of comfort and suburban living.
For those seeking townhome living, Cambridge offers 97 listings, showcasing the appeal of this housing style with recent market changes.
2. Average Listing Price in the Last Month
The average listing prices for homes, townhomes, and condos over the past three months provide insights into the market’s affordability and investment potential:
The average listing price for homes in the last three months stands at $929.9 thousand, reflecting the appeal of Cambridge’s residential offerings.
Cambridge’s townhome market has seen a 2.99% increase in the average listing price in the same period, indicating steady demand.
Condos in Cambridge have experienced a substantial 11.5% increase in the average listing price in the past three months, suggesting potential investment opportunities.
3. Change in Average Listing Price:
Understanding the change in average listing prices reveals market dynamics:
The home market has seen no change in the average listing price, reflecting stability.
The moderate 2.94% increase in the average listing price for townhomes showcases steady growth in this housing segment.
Condos have witnessed a substantial 11.5% increase in the average listing price, signalling potential investment opportunities.
4. Average Sold Price in the Last Month
The average sold price for homes, townhomes, and condos in the past three months reflects actual transaction values:
Homes in Cambridge have seen an average selling price of $895.2 thousand in the last three months, highlighting the competitiveness of the market.
The average sold price for townhomes in the past three months is $692 thousand, indicating a stable market.
The condo market in Cambridge has experienced a significant 19.72% increase in the average sold price, indicating robust demand and growth.
Inventory & Sold Statistics:
In the past 60 days, the Cambridge real estate market has displayed vitality, with key statistics as follows:
There were 710 new home listings, with 150 homes sold during this period. The average days on the market for homes stood at 13 days, and the selling-to-listing price ratio was a robust 101.43%. These figures underscore the competitiveness and strength of Cambridge’s home market. Cambridge recorded 249 new townhome listings and 60 townhomes sold in the last 60 days. With an average days on the market of 16 days and a selling-to-listing price ratio of 101.26%, this housing segment showcases efficiency and compelling pricing dynamics. For condos, there were 74 new listings and 15 condos sold in the last 60 days. The average days on the market for condos was 21 days, and the selling-to-listing price ratio was a solid 100.26%. Condos remain an attractive and evolving component of Cambridge’s real estate landscape.
