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March 2022 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...

Apr 1 2 minutes read

Cambridge Market Stats for March 2022

102

Homes for sale on 3/31

59

Homes sold in March

122

New listings in March

 

26

Average days to offer

$1,472,415

Average sale price

105%

Avg. sale to list price

Click here to see Cambridge sales in March

See below for three noteworthy sales in Cambridge in March

304 Washington Street Unit 5, Cambridge, MA
304 Washington Street Unit 5

Sold for $990,000 on March 15, 2022. Listed by Currier, Lane & Young of Compass.

18-1 Bay Street, Cambridge, MA
18-1 Bay Street

Sold for $1,475,000 on March 21, 2022. Listed by Denman Drapkin Group of Compass.

40 Mount Vernon Street Unit 1, Cambridge, MA
40 Mount Vernon Street Unit 1

Sold for $2,250,000 on March 24, 2022. Sold by Charles Cherney as the Buyer's Agent.

Somerville Market Stats for March 2022

89

Homes for sale on 3/31

50

Homes sold in March

119

New listings in March

 

26

Average days to offer

$1,415,874

Average sale price

104%

Avg. sale to list price

Click here to see Somerville sales in March

See below for three noteworthy sales in Somerville in March

70 Glen Street Unit 1, Somerville
70 Glen Street Unit 1

Sold for $870,000 on March 23, 2022. Listed by Charles Cherney.

59 Berkeley Street Unit 2, Somerville, MA
59 Berkeley Street Unit 2

Sold for $950,000 on March 29, 2022. Sold by Charles Cherney as the Buyer's Agent.

22 Endicott Avenue, Somerville, MA
22 Endicott Avenue

Sold for $1,370,000 on March 30, 2022. Sold by Charles Cherney as the Buyer's Agent.

How much is a Multi-family in Cambridge?

WATCH VIDEO

What does $1,000,000 Get you in Somerville?

WATCH VIDEO

Baldwin neighborhood of Cambridge

WATCH VIDEO

Checking in with Charles

The Cambridge and Somerville real estate market is very hot right now. Multiple offers is the order of the day at many new listings. Hard to get an offer accepted with any kind of contingency. Fasten your seatbelt!

March featured sunny days in the 70s and a few below freezing. Welcome to New England!

I have been listening to Peter, Paul and Mary of late. Timeless! Good company on a walk.

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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