Cambridge and Somerville Appreciation
Average sale price in 2021 (through Dec. 18, 2021) in both Cambridge and Somerville, Massachusetts is close to 2020 average sale price in both cities.
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 2021 (through Dec. 18, 2021) in both Cambridge and Somerville, Massachusetts is close to 2020 average sale price in both cities.
On Dec. 18, 2021, 86 residential properties listed for sale, including 40 Condos.
See what is now listed for sale in Cambridge, MA.
86 properties for sale in Cambridge as of Dec. 18, 2021. Available inventory down nearly 40% compared to same date one year ago.
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. The market in 2021 is more like the 2019 market before the pandemic.
Average sale price of a condo in Cambridge in 2021 (through Dec. 18) is nearly on par with 2020 average sale price.
Average sale price of a single family in Cambridge in 2021 is $2.1M+.
$2.1M+ Average sale price of a multi-family in Cambridge in 2021 is nearly the same as in 2019.
As of Dec. 18, 2021, 79 residential properties listed for sale in Somerville in MLS. More than half of the listings are condos. See what's now listed for sale in Somerville, MA.
On Dec. 18, 2021, there were 79 properties for sale in Somerville - 45 fewer properties than were on the market on the same date in 2020.
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. 2021 is behaving more like pre-pandemic 2019.
Average sale price of a condo in Somerville as of Dec. 18, 2021 is up 3.7% over 2020.
Average sale price of a multi-family in Somerville in 2021 is below average sale price in 2020 and about on par with 2019 average sale price.
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