May 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...
Cambridge Market Stats for May 2022
93
Homes for sale on 5/31
81
Homes sold in May
114
New listings in May
21
Average days to offer
$1,342,248
Average sale price
104%
Avg. sale to list price
Click here to see Cambridge sales in May
See below for three noteworthy sales in Cambridge in May
61 Bolton Street Unit 302
Sold for $900,000 on May 27, 2022. Listed by Jeff Stephens of Compass.
11 Gardner Road Unit 3
Sold for $1,274,00 on May 27, 2022. Listed by Bonny Lamb of Compass.
155 Brookline Street Unit 12
Sold for $1,910,000 on May 31, 2022. Listed by Carol Kelly. Team of Compass.
Somerville Market Stats for May 2022
110
Homes for sale on 5/31
67
Homes sold in May
110
New listings in May
16
Average days to offer
$1,045,188
Average sale price
108%
Avg. sale to list price
Click here to see Somerville sales in May
See below for three noteworthy sales in Somerville in May
49 Morrison Avenue
Sold for $825,000 on May 23, 2022. Listed by Charles Cherney.
400 Washington Ave Unit 101
Sold for $885,000 on May 6, 2022. Listed by Currier, Lane & Young of Compass.
14 Granite Street Unit B
Sold for $1,020,000 on May 26, 2022. Listed by Charles Cherney.
Luxury real estate in Somerville
5 Things about West Cambridge
Discover Davis Square in Somerville
Checking in with Charles
No surprise that the month of May 2022 featured premium sale prices and multiple offers on many properties. May is often the high point of the Spring market each year. Time will tell if it cools a bit.
The relentless pace of work has made me that much more grateful when there is time for the exercise bike at home or a walk in the neighborhood.
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!
Are you buying soon?
We can help you buy the right home.
Selling your home?
We can help you sell for the best price.
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