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March 2023 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 4 2 minutes read

11 Preston Road Unit 2

2-BR with garage parking in Spring Hill neighborhood

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11 Preston Road Unit 2 Somerville

Cambridge Market Stats for March 2023

99

Homes for sale on 3/31

47

Homes sold in March

99

New listings in March

 

56

Average Days to Offer

$1,515,634

Average Sale Price

100%

Avg. Sale to List Price

Click here to see all the sales in Cambridge in March

See below for three noteworthy sales in Cambridge in March

10 Remington Street Unit 308, Cambridge, MA
10 Remington Street Unit 308

Sold for $600,000 on March 31, 2023.
Sold by Charles Cherney at the Buyer's Agent.

229 Elm Street Unit 3, Cambridge, MA
229 Elm Street Unit 3

Sold for $1,085,000 on March 3, 2023.
Listed by Denman Drapkin Group of Compass.

50 Jay Street, Cambridge, MA
50 Jay Street

Sold for $2,275,000 on March 30, 2023.
Listed by Loring + Siegel Team of Compass.

Somerville Market Stats for March 2023

129

Homes for sale on 3/31

45

Homes sold in March

102

New listings in March

 

68

Average Days to Offer

$1,035,262

Average Sale Price

96%

Avg. Sale to List Price

Click here to see all the sales in Somerville in March

See below for three noteworthy sales in Somerville in March

5 Cooney Street Unit 1, Somerville
 5 Cooney Street Unit 1

Sold for $630,000 on March 17, 2023. Listed by g2Team of Compass.

7 Silvey Place Unit 1, Somerville, MA
7 Silvey Place Unit 1

Sold for $865,000 on March 15, 2023. Listed by Currier Lane & Young of Compass

39 Lowell Street, Somerville, MA
39 Lowell Street

Sold for $875,000 on March 3 , 2023. Listed by Charles Cherney.

My photographs of The Port

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5 Reasons I like Cambridge

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5 Reasons I like Somerville

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Checking in with Charles

The month of March means the beginning of the spring market, which means more listings coming on the market and more buyers out looking. Although not every listing is selling for over asking at the offer deadline, the market has certainly picked up and is more active.  

My sister organized a surprise 82nd birthday for my mother at her home in Mid Cambridge. Friends and neighbors gathered to celebrate. Happy birthday Patsy! 

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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