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. As of December 30, 2020, average sale price in Cambridge in 2020 is $1,281,869 while average sale price in Somerville is $988,411.

Cambridge Market Snapshots


Now For Sale in Cambridge, MA

On December 31, 2020, 116 residential properties listed for sale, including 88 Condos. See what is now  listed for sale in Cambridge, MA.

On market snapshot for Cambridge

116 properties for sale in Cambridge as of December 31, 2020. On December 31, 2019, there were 34 properties for sale in Cambridge.

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. Given Covid-19 the "spring market" started slowly and more sales happened later in the calendar year.

Cambridge Condos - Average Sale Price

Average sale price of a condo in Cambridge in 2020 through December 31, 2020 is $996,050, up 6% from end of 2019. Click here to see the 2020 condo sales in Cambridge through December 31, 2020.

Cambridge Single Family Sales in 2020

Average sale price of a single family in Cambridge in 2020 was $2,207,655. Sale price averaged 100% of the list price. Click here to see the single family sales in Cambridge in 2020.

Cambridge Multis - Average Sale Price

Average sale price of a multi-family in Cambridge in 2020 was $1,974,743, down 8% from end of 2019. Click here to see the multi-family sales in Cambridge in 2020.

Somerville Market Snapshots


Now For Sale in Somerville, MA

As of Dec. 31, 2020, 92 residential properties listed for sale in Somerville, MA in MLS. 70% of listings are condos.

On market snapshot for Somerville

On Dec. 31, 2020, there were 92 properties for sale in Somerville, compared to 59 on Dec. 31, 2019.

When do properties sell in Somerville, MA

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. Given Covid-19 reality in 2020, the "spring market" peak came in the summer months.

Somerville Condos - Average Sale Price

Average sale price of a condo in Somerville as of Dec. 31, 2020 is $817,016 up 4% from end of 2019. Click here to see condo sales in Somerville in 2020.

Somerville Single Family Sales in 2020

Average sale price of 74 single families sold in Somerville in 2020 is $1,000,046. Sale price averaged 104% of the list price. Four single families listed for sale on Dec. 31, 2020.

Somerville Multis - Average Sale Price

Average sale price of a multi-family in Somerville in 2020 was $1,404,556, up 7% from end of 2019. Click here to see multi-family sales in Somerville in 2020.

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