Cambridge and Somerville, MA Market Snapshots

Cambridge & Somerville, MA
Market Snapshots

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.

Cambridge and Somerville Appreciation

Average sale price in both Cambridge and Somerville, Massachusetts has been steadily rising over the last five years.

Cambridge Market Snapshots

Now For Sale in Cambridge, MA

As of December 7, 2018, only 75 residential properties listed for sale in Cambridge, MA in MLS. Nearly two-thirds of the listings are condos.

On market snapshot for Cambridge

Only 75 properties for sale in Cambridge as of December 7, 2108. That is not a lot, but it is more than were for sale on the same date last year.

When do properties sell in Cambridge, MA

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. In the last several years, the total number of transactions each year has been decreasing.

Cambridge Condos - Average Sale Price

Average sale price of a condo in Cambridge in 2018 is up 10% year to date, as of December 7, 2018.

Cambridge Single Family Sales in 2018

Average sale price of a single family in Cambridge in 2018 as of December 7, 2018 is $1,955,901. Sale price averaging 6% over the list price. Very few single families now for sale in Cambridge.

Cambridge 1-Br Sales

Average sale price of a one bedroom condo in Cambridge in 2018 is more than $600,000. Sale price averaging 3% over the asking price.

Somerville Market Snapshots

On market snapshot for Somerville

As of December 7, 2018, there is more for sale than at this time last year. Overall, inventory is up 74%. Mainly it is more condos - 105 for sale as of 12/7/18 compared to 28 on 12/7/17.

Somerville Condos - Average Sale Price

Average sale price of a condo in Somerville in 2018 is up 10% year to date, as of Dec. 7, 2018.

Somerville 1-Br Sales

Average sale price of a one-bedroom condo in Somerville as of Dec. 7, 2018 is more than $548,843. Sale price averaging 3% over the asking price.

2-BR Condo Sales in Somerville in 2018

Average sale price of a 2-BR condo in Somerville through December 7, 2018 is $735,562. $600,000 to $799,999 is the heart of the 2-BR market in Somerville - 105 sales in this price range.