Cambridge Townhomes
Almost 70 percent of the homes in Cambridge are occupied by their owners and the remaining 30 percent of the housing units are rented. Majority of the homes here are townhomes, single detached homes and condominium homes, while the housing stock of the city also has some large and small apartment buildings.
Most of the homes in Cambridge are recently constructed and that’s why they are very versatile. Townhomes are constructed with different numbers of bedrooms keeping in mind the demand of its residents. The city mainly has 3 bedroom and 4 bedroom townhomes.
How many listings are available for sale?
Cambridge Townhomes have 221 listings. Number of listings are mainly of three types, active listings, new listings and sold listings. All of these listings are different for different architectural styles. Townhomes have 66 new listings, 6 sold listings and 33 active listings.
These three listings are also different for different numbers of bedrooms. One bedrooms are less common in Cambridge and have only one new listing. The two bedroom townhomes have 7 new listings, 1 sold listings and 3 active listings.
In the same way, 3 bedroom townhomes have 48 new listings, 3 sold listings and 23 active listings. At last, the city has 2 new listings of 4 bedroom townhomes.
What is the average price?
As of January 2023, Cambridge has an average price of $524,489. The city has 11 median days on the real estate market to sell a home. Just like the number of listings, the average price is also different for different construction styles. Townhomes have an average price of $402K while this price was $337K about three months ago.
Different bedroom townhomes will have different average prices as well. 2 bedroom townhomes have an average price of $321K while the price was $430K about three months ago. This is a significant decline. 3 bedroom townhomes have an average cost of $390K while this price was $324K about three months ago.
What is available in the price range?
Different townhomes within their average price ranges are for sale at the different corners of the city. A 3 bedroom and 3 bathroom townhome is for sale at 51 Sparrow Ave, Cambridge, Ontario. This beautiful townhome is for $668,000.
Another 3 bedroom and 3 bathroom townhome is for sale at 143 Ridge Rd, Cambridge, Ontario. You can own this beautiful townhome by paying only $729,000. Another 3 bedroom and 3 bathroom townhome with a covering area of 1100 to 1500 sq ft at 50 Nieson St Cambridge, Ontario. This is for $799,900.
Some more details on Cambridge and its real estate
There has been a significant decline in the average rates of Cambridge Townhomes in January. About 42 homes have been sold out in the last 28 days. The selling to listing ratio of Cambridge is 106 percent. It has the fourth highest turnover. The average sold price in Cambridge is $536K and this price represents a monthly change of 4.3 percent and yearly change of 17.1 percent.
