November 2022 Market Report

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 November 2022

134

Homes for sale on 11/30

63

Homes sold in November

76

New listings in November

25

Average Days to Offer

$1,367,198

Average Sale Price

99%

Avg. Sale to List Price

Click here to see all the sales in Cambridge in November

See below for three noteworthy sales in Cambridge in November

305 Webster Ave Unit 409

Sold for $910,000 on Nov. 29, 2022. Listed by Charles Cherney and Christine Carpenter.

61 Prince Street

Sold for $1,757,000 on Nov. 4, 2022. Listed by Charles Cherney.

5 Pleasant Place

Sold for $2,500,000 on Nov. 8, 2022. Listed by Emma Guardia & Roland Rambaud, Compass.

Somerville Market Stats for November 2022

126

Homes for sale on 11/30

47

Homes sold in November

36

New listings in November

44

Average Days to Offer

$871,216

Average Sale Price

97%

Avg. Sale to List Price

Click here to see all the sales in Somerville in November

See below for three noteworthy sales in Somerville in November

65 Pinckney St Unit 2

Sold for $650,000 on Nov. 22, 2022. Listed by The Ryan Group, Compass

1188 Broadway Unit 301

Sold for $900,000 on Nov. 8, 2022. Sold by Maggie Dee of the Charles Cherney Team as the Buyer's Agent.

9 Joseph Street Unit 1

Sold for $675,000 on Nov. 10, 2022. Listed by Denman Drapkin Team, Compass

Quiet season for Cambridge & Somerville real estate

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Checking in with Charles

Every year come mid November, the market begins to quiet down for the holidays. This year is no different. For sure, there is still some activity. That being said, many buyers and sellers are in timeout mode now until the new year.

Thanksgiving week my wife and I visited with our daughter who is a student at Pomona College in Claremont, California. We got to spend a few days together in Laguna Beach. Nice! Great to see our daughter and spend time in the sunshine.

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!