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May 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...

Jun 1 3 minutes read

24 Second Street

Located in East Cambridge close to Kendall Square

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24 Second Street, Cambridge

10 Dana St. Unit 412

Top floor studio at "The Castle" near Harvard Square

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10 Dana Street Unit 412, Cambridge

79 Martin St. Unit 33

2-BR in classic brick building between Harvard Square & Porter Square.

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79 Martin Street Unit 33, Cambridge

Cambridge Market Stats for May 2021

99

Homes for sale on `5/31

93

Homes sold in May

126

New listings in May

 

20

Average days to offer

$1,182,990

Average sale price

103%

Avg. sale to list price

Click here to see all the sales in Cambridge in May

See below for three noteworthy sales in Cambridge in May.

52 Regent Street Unit 5, Cambridge, MA
52 Regent St Unit 5

Sold for $908,000 on May 28, 2021. Listed by Charles Cherney.

10 Corporal McTernan Unit 403, Cambridge, MA
10 Corp. McTernan Unit 403

Sold for $1,350,000 on May 5, 2021. Listed by Charles Cherney.

12 Bigelow Street, Cambridge, MA
12 Bigelow Street

Sold for $2,600,000 on May 21, 2021. Listed by Charles Cherney

Somerville Market Stats for May 2021

92

Homes for sale on 5/31

84

Homes sold in May

110

New listings in May

 

31

Average days to offer

$944,685

Average sale price

103%

Avg. sale to list price

Click here to see all the sales in Somerville in May

See below for three noteworthy sales in Somerville in May.

30 Pearson Ave Unit 2, Somerville
30 Pearson Ave Unit 2

Sold for $``796,000 on May 12, 2021. Listed by Denman Properties of Compass.

17 Linden Ave Unit 2, Somerville, MA
17 Linden Ave Unit 2

Sold for $815,000 on May 11, 2021. Listed by Currier, Lane & Young of Compass.

7 Dane Street Unit 2, Somerville, MA
7 Dane Street Unit 2

Sold for $840,000 on May 4, 2021. Sold by Maggie Dee of the Charles Cherney Team as Buyer's Agent.

221 Mount Auburn Street - Riverview 

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Checking in with Charles

The spring market in full swing in the month of May. Many listings attracting multiple offers and selling for over asking. I cannot recall the amount of heat on the fire as right now – for certain listings.  For sure, single families trading at a premium.

I purchased a new Macbook Air and new iPad this month. The M1 chip found in each has me humming along. Great to get an upgrade!


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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