Cambridge Real Estate Market
In the heart of Cambridge, a city with a rich historical tapestry, the real estate market reflects the amalgamation of tradition and modernity. Cambridge MLS® recent statistics show an average house price of $928k and 280 new listings in the last 28 days. As of now, Cambridge housing data indicates median days on the market for a home is 15 days.
1. Listings on the Market:
The residential canvas in Cambridge is painted with 294 homes, 97 townhomes, and 36 condos, offering a diverse range of living spaces to the community.
2. Average Listing Price in February
Priced at an average of $929.9K, Cambridge real estate market for house stand as a testament to a blend of historical charm and contemporary living. With an average listing price of $687.6K, townhomes provide an affordable yet refined option, showcasing a harmonious blend of community and individuality. The average listing price for condos, at $596.4K, represents a commitment to diverse housing options, making modern living accessible to a broad spectrum of residents.
3. Change in Average Listing Price
With a steady 0% change in the average listing price, the market reflects stability and resilience in the face of evolving economic dynamics. A modest 2.99% increase in the average listing price for townhomes suggests a nuanced market response to the preferences of potential homeowners. The substantial 11.5% change in the average listing price reveals a dynamic market adjusting to the desires of a diverse demographic.
4. Average SOLD Price in February
Reflecting the transaction reality, the average sold price for homes stands at $895.2K, showcasing the resilience and enduring appeal of Cambridge’s residential offerings. With an average sold price of $692K, townhomes in Cambridge provide stability in the market, ensuring affordability without compromising on quality. The $574K average sold price for condos resonates with buyers seeking a contemporary living experience within a more budget-friendly range.
5. Change in Average SOLD Price
The 7.58% increase in the average sold price for homes suggests a market where buyers are willing to invest, potentially driven by the perceived value of Cambridge’s residential offerings. A moderate 2.94% increase in the average sold price signifies a stable market segment with consistent appeal. The substantial 19.72% increase reflects a dynamic market where value is recognized, and prices adjust to meet demand.
Inventory & SOLD Statistics:
In the last 60 days, 710 new home listings have graced the market, telling stories of families looking for a new chapter in Cambridge.
Of these, 150 homes found new owners, with an average of 13 days on the market.The selling-to-listing price ratio of 101.43% reflects a market where homes are not merely transactions.
Over the last 60 days, 249 new townhome listings have emerged. Among these, 60 townhomes found new owners, with an average of 16 days on the market.
The selling-to-listing price ratio of 101.26% speaks of a market where the value of townhomes is not just recognized but celebrated with enthusiasm.
A total of 74 new condo listings emerged in the last 60 days. Of these, 15 condos changed hands, with an average of 21 days on the market—a story of a city where the contemporary lifestyle is not just embraced but embraced eagerly.
The selling-to-listing price ratio of 100.26% is a reminder that in the world of condos.
