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 August 15, 2019, average sale price in Cambridge in 2019 is $1,244,090, while average sale price in Somerville is $919,091.
As of August 15, 2019, 100 residential properties listed for sale in Cambridge, MA in MLS, including 72 condos.
100 properties for sale in Cambridge as of August 15, 2019 . That is not a lot, but it is more than were for sale on the same date in 2018 (60).
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. It's interesting to note that sales have continued to rise in the summer of 2019.
Average sale price of a condo in Cambridge in 2019 is 957,276, up 1.7% 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 August 15, 2019, 122 residential properties listed for sale in Somerville, MA in MLS. Two-thirds of the listings are condos.
As of August 15, 2019, there is more for sale in Somerville than at this time last year. Overall, inventory is up 20%. Mainly it is more condos - 81 for sale as of August 15, 2019 compared to 57 on August 15, 2018.
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.
Average sale price of a condo in Somerville in 2019 is up 1.7% year-to-date, as of August 15, 2019.
Average sale price of a single family in Somerville in 2019 through August 15 is $968,356. Sale price averaged 2% over the list price. Eleven single families for sale on August 15, 2019.
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