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January 2021 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...

Feb 1 3 minutes read

Inman Crossing, Cambridge

Visit Inman Crossing.com to see the residences now for sale at 305 Webster Ave in Cambridge. New construction, 36-unit elevator building with garage parking, located outside Inman Square and close to Union Square. Listed for sale by Charles Cherney and Christine Carpenter. Building now coming to completion!

305 Webster Avenue, Cambridge,  MA

Cambridge Market Stats for January 2021

99

Homes for sale on `1/31

42

Homes sold in January

56

New listings in January

 

46

Average days to offer

$958,343

Average sale price

97%

Avg. sale to list price

Click here to see all the sales in Cambridge in January

See below for three noteworthy sales in Cambridge in January.

185 Hancock Street Unit 4, Cambridge, MA
185 Hancock St. Unit 4

Sold for $623,000 on Jan. 27, 2021. Listed by Liz and Ellie Real Estate of Compass.

9 Chauncy Street Unit 50, Cambridge, MA
9 Chauncy St. Unit 50

Sold for $740,000 on Jan. 25, 2021. Listed by Petrowsky Jones Group of Compass.

23 Howard Street Unit 1 Cambridge, MA
23 Howard St. Unit 1

Sold for $798,000 on Jan. 11, 2021. Listed by Charles Cherney.

Somerville Market Stats for January 2021

96

Homes for sale on 1/31

52

Homes sold in January

75

New listings in January

 

47

Average days to offer

$922,133

Average sale price

94%

Avg. sale to list price

Click here to see all the sales in Somerville in January

See below for three noteworthy sales in Somerville in January.

117 Elm Street, Somerville
117 Elm Street

Sold for $``1,250,000 on Jan. 7, 2021. Listed by Shorey Realty Group of Compass.

50 Alpine Street Unit 1, Somerville, MA
50 Alpine St. Unit 1

Sold for $675,000 on Jan. 19, 2021. Listed by Denman Properties of Compass.

6 Conwell Street, Somerville, MA
6 Conwell Street

Sold for $845,000 on Jan. 28 2021. Listed by Melissa Baldwin of Compass.

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Checking in with Charles

See the residences still for sale at Inman Crossing in Cambridge at InmanCrossing.com. Gearing up for first closings. Exciting!

The real estate market in Cambridge and Somerville, MA was steady and solid in January. It feels like the spring market will be solid.

While sitting at a stoplight on Cambridge Street in early January, my VW Tiguan was rear-ended. Fortunately, no one was hurt. Alas, my car spent 3+ weeks in the body shop. Grateful that it is now repaired and I am back behind the wheel.

The Charles Cherney Team at Compass is here to help you. Our mission is to help you buy the right home and sell for the best price – and to answer your questions about the market, your home, and the community. Our work is our calling. Reach out at any time!


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