May 2023 Market Report

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

77 Knowlton Street

Attached Single Family in East Somerville

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Cambridge Market Stats for May 2023

138

Homes for sale on 5/31

70

Homes sold in May

134

New listings in May

26

Average Days to Offer

$1,455,826

Average Sale Price

100%

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

43 Linnaean Street Unit 46A

Sold for $698,000 on May 25, 2023.
Listed by Charles Cherney.

931 Mass Ave Unit 901

Sold for $766,000 on May 5, 2023.
Listed by Charles Cherney.

2 Hubbard Ave Unit 1

Sold for $940,000 on May 11, 2023.
Listed by Carol Kelly Team, Compass

Somerville Market Stats for May 2023

138

Homes for sale on 5/31

62

Homes sold in May

104

New listings in May

27

Average Days to Offer

$1,022,837

Average Sale Price

100%

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

9 Medford Street Unit 313

Sold for $710,000 on May 19, 2023.
Listed by Charles Cherney

11 Preston Road Unit 2

Sold for $920,000 on May 12, 2023.
Listed by Charles Cherney

111 Cedar Street Unit A

Sold for $1,100,000 on May 23, 2023. Listed by Maggie Dee of Charles Cherney Team.

The Real Deal - Answers to Essential Questions

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Relocating to Cambridge, MA?

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Three Neighborhoods of Somerville

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Checking in with Charles

May is the height of the spring market and very busy. A number of properties getting multiple offers. Cambridge and Somerville remain resilient real estate markets.

Walking more with the better weather. And I have been out on my Vespa a few times as well. Great way to get around in season.

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!