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February 2024 Market Report

Charles Cherney

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Mar 23 2 minutes read

Cambridge Market Stats for February 2024

121

Homes for sale on 2/29/24

29

Homes sold in February

74

New listings in February

 

27

Average Days to Offer

$1,070,000

Median Sale Price

101%

Avg. Sale to List Price

Click here to see all the sales in Cambridge in February

See below for three noteworthy sales in Cambridge in February

249 River Street, Cambridge, MA
249 River Street

Sold for $1,460,000 on Feb. 8, 2024
Listed by Maggie Dee and Charles Cherney

15 Vassal Lane, Cambridge, MA
15 Vassal Lane

Sold for $1,600,000 on Feb 5, 2024.
Listed by Maggie Dee and Charles Cherney

5 West Bellevue Ave, Cambridge, MA
5 West Bellevue Avenue

Sold for $3,600,000 on February 28, 2024.
Sold by Charles Cherney as the Buyer's Agent

Somerville Market Stats for February 2024

75

Homes for sale on 2/29/24

38

Homes sold in February

64

New listings in February

 

59

Average Days to Offer

$1,100,000

Median Sale Price

95%

Avg. Sale to List Price

Click here to see all the sales in Somerville in February

See below for three noteworthy sales in Somerville in February

10 Albion Court, Somerville
10 Albion Court

Sold for $695,000 on Feb. 29, 2024.
Listed by Carol Kelly Team of Compass.

508 Somerville Ave Unit 1, Somerville, MA
508 Somerville Ave Unit 1

Sold for $900,000 on Feb. 29, 2024.
Listed by Denman Drapkin Group of Compass

120 Central Street Unit 2, Somerville, MA
120 Central Street Unit 2

Sold for $1,048,000 on Feb. 15, 2024.
Listed by Lara Gordon Caralis of Gibson Sotheby's.

Tour a New Construction Townhome in Cambridge

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Multi-Families in Cambridge

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Multi-Families in Somerville

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Checking in with Charles


Mild winter weather for the most part in February – another Boston winter without any real snow accumulation. As a result, the spring market has sprung to life a bit earlier.

I recently reformulated our team as Maggie Dee + Charles Cherney Team. Our mission is to help you buy the right home and sell for the best price – and to answer your questions about the market, your home, and the community. Our work is our calling. Reach out at any time!


Are you buying soon?

We can help you buy the right home.

Selling your home?

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