October 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 October 2022
164
Homes for sale on 10/31
61
Homes sold in October
76
New listings in October
25
Average Days to Offer
$1,351,125
Average Sale Price
98%
Avg. Sale to List Price
Click here to see all the sales in Cambridge in October
See below for three noteworthy sales in Cambridge in October
401 Concord Avenue
Sold for $950,000 on Oct. 7, 2022. Sold by Charles Cherney as the Buyer's Agent.
84 Hammond Street
Sold for $1,087,500 on Oct. 21, 2022. Listed by Charles Cherney.
35 Market Street
Sold for $1,600,000 on Oct. 13, 2022. Listed by Charles Cherney and Maggie Dee.
Somerville Market Stats for October 2022
172
Homes for sale on 10/31
55
Homes sold in October
72
New listings in October
30
Average Days to Offer
$1,095,260
Average Sale Price
96%
Avg. Sale to List Price
Click here to see all the sales in Somerville in October
See below for three noteworthy sales in Somerville in October
15 Wilson Ave Unit 1
Sold for $860,000 on Oct. 26, 2022. Listed by Charles Cherney.
12 Sunnyside Ave
Sold for $1,080,000 on Oct. 14, 2022. Listed by Charles Cherney.
58-60 Elmwood Street
Sold for $1,451,000 on Oct. 21, 2022. Listed by Charles Cherney.
5 Good Buys in Cambridge in 2022
5 Good Buys in Somerville in 2022
Discover Fresh Pond in Cambridge
Checking in with Charles
October featured its fair share of warmer weather, including a number of days in the 70s. The real estate market here remains a bit cooler. Buyers are often bidding with contingencies and negotiating with sellers. Price reductions are now more common than bidding wars.
I now have a Ricoh GR IIIx digital camera that comes with me when I am out walking. I have really loved having it for my Cambridge and Somerville street photography. Check out some of my photos here.
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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