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3rd Quarter 2020 Condo Sales Market Report

Charles Cherney

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Dec 1 2 minutes read

Cambridge Condo Market Stats
for July 1 to Sept 30, 2020 (3rd Quarter)

173

Condo Sales in 3rd Quarter 2020

24

Average Number of Days To Offer

$975,551

Average Sale Price of Condo in Cambridge

99% 

Sale Price averaged 99% of the List Price

3rd Quarter 2020
Condo Sales in Cambridge

Of the 173 condo sales in Cambridge in the 3rd quarter of 2020, 25 sales were under $599,999; 55 sales were between $600,000 & $799,999; 42 sales were between $800,000 & $999,999; and 51 sales were for $1M+ or more.

3rd Quarter 2020 Condo Sales in Cambridge

Click here to see all the condo sales in Cambridge in Q3 2020.

See below for three noteworthy condo sales in Cambridge in Q3 2020.

850 Mass Ave. Unit 2, Cambridge, MA
850 Mass Ave. Unit 2

Sold for $549,000 on Aug. 14, 2020.
Listed by Charles Cherney.

988 Memorial Drive Unit 495, Cambridge, MA
988 Memorial Drive Unit 485

Sold for $632,000 on Aug. 18, 2020.
Listed by Charles Cherney.

1975 Mass Ave Unit 401, Cambridge, MA
1975 Mass Ave Unit 401

Sold for $970,000 on Sept. 15, 2020.
Listed by Charles Cherney.

Somerville Condo Market Stats
for July 1 to September 30, 2020 (3rd Quarter)

126

Condo Sales in 3rd Quarter 2020

21

Average Number of Days To Offer

$820,657

Average Sale Price of Condo in Somerville

101% 

Sale Price averaged 101% of the List Price

3rd Quarter 2020
Condo Sales in Somerville

Of the 126 condo sales in Somerville in the third quarter of 2020, 24 sales were under $599,999; 41 sales were between $600,000 & $799,999; 33 sales were between $800,000 & $999,999; and 28 sales were for $1M+ or more.

3rd Quarter 2020 Condo Sales in Somerville, MA

Click here to see all the condo sales in Somerville in Q3 2020.

See below for three noteworthy condo sales in Somerville in Q3 2020.

81 Conwell Ave Unit 2, Somerville, MA
81 Conwell Ave Unit 2

Sold for $700,000 on Sept. 30, 2020.
Listed by Branch Out Residential of Compass.

227 Cedar Street Unit 2, Somerville, MA
227 Cedar Street Unit 2

Sold for $1,098,000 on July 29, 2020.
Listed by Charles Cherney & Matt Montgomery of Compass.

2 Benton Road Unit 1, Somerville, MA
2 Benton Road

Sold for $1,335,000 on July 31, 2020.
Listed by Bonny Lamb of Compass

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