On a regular basis, I am creating market snapshots about the Cambridge and Somerville real estate markets. I hope that you find these valuable. There is, of course, always more to the story. Reach out at any time for more information. We're here to help you.
Average sale price in both Cambridge and Somerville, Massachusetts has been steadily rising over the last five years. As of December 11, 2019, average sale price in Cambridge in 2019 is $1,218,494, while average sale price in Somerville is $912,731.
As of December 11, 2019, 56 residential properties listed for sale in Cambridge, MA in MLS, including 39 condos.
56 properties for sale in Cambridge as of Dec 11, 2019. On December 11, 2018 there were 70 properties for sale in Cambridge.
The trend each year is for the number of Cambridge residential sales (condos and singles and multis) to rise in the spring market, and then rise again in the fall.
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Average sale price of a condo in Cambridge in 2019 is 934,844, down just under 1% from a year ago.
Average sale price of a single family in Cambridge in 2019 is $2,321,642. Sale price averaged 3% over the list price.
As of Dec. 11, 2019, 101 residential properties listed for sale in Somerville, MA in MLS. Over two-thirds of listings are condos.
As of December 11, 2019, there are 38 fewer properties for sale in Somerville than at this time last year. Overall, inventory is down 28%.
The trend each year is for the number of Somerville residential sales (condos and singles and multis) to rise in the spring market, and then rise again in the fall. In 2019, not as many sales in the fall market as last year.
Average sale price of a condo in Somerville in 2019 is up 1% year-to-date, as of December 11, 2019.
Average sale price of a single family in Somerville in 2019 through August 15 is $982,951. Sale price averaged 3% over the list price. Seven single families for sale on December 11, 2019.
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