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September 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...

Oct 6 3 minutes read

83 Conwell Ave Unit 3

Top floor 3 Bedroom near Tufts

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83 Conwell Ave Unit 3, Somerville

3 Crawford St. Unit 9

Top floor 1-BR in Mid Cambridge

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3 Crawford 9 Cambridge

Cambridge Market Stats for September 2022

175

Homes for sale on 9/30

40

Homes sold in September

149

New listings in September

 

28

Average Days to Offer

$1,510,888

Average Sale Price

97%

Avg. Sale to List Price

Click here to see all the sales in Cambridge in September

See below for three noteworthy sales in Cambridge in September

234 Lakeview Avenue Unit 1, Cambridge, MA
234 Lakeview Ave Unit 1

Sold for $490,000 on Sept. 1, 2022. Listed by Katie Malin of Compass.

91 Sherman Street Unit 7, Cambridge, MA
91 Sherman St. Unit 7

Sold for $885,000 on Sept. 15, 2022. Listed by Bonny Lamb of Compass.

9 St. Mary Road, Cambridge, MA
9 St. Mary Road

Sold for $1,400,000 on Sep. 16, 2022. Listed by Iliyan Padinkov of CBRB.

Somerville Market Stats for September 2022

171

Homes for sale on 9/30

59

Homes sold in September

118

New listings in September

 

32

Average Days to Offer

$1,015,578

Average Sale Price

99%

Avg. Sale to List Price

Click here to see all the sales in Somerville in September

See below for three noteworthy sales in Somerville in September

83 Conwell Ave Unit 1, Somerville
83 Conwell Ave Unit 1

Sold for $764,000 on Sept. 23, 2022. Listed by Charles Cherney.

25 Oak Street Unit A, Somerville, MA
25 Oak Street Unit A

Sold for $920,000 on Sept. 28, 2022. Listed by Team Patti Brainard of Compass.

23 Murdock Street Unit B, Somerville, MA
23 Murdock Street Unit B

Sold for $1,026,,000 on Sept. 27, 2022. Listed by Charles Cherney and sold by Maggie Dee as the Buyer's Agent.

4-BR singles and condos in Cambridge

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Five Recent Sales in West Cambridge

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5 Things a Seller can do to Sell for the Best Price

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Checking in with Charles

September brings a change of seasons and cooler weather. The market in Cambridge and Somerville has cooled as well – not ice cold but no longer the hot spring market. Multiple offers and over asking sale prices are now very much the exception rather than the rule. What has emerged is a more balanced market, something last seen here in 2012!

I now have an iPhone 14 Pro Max. My first time ever having a larger 6.7 inch screen. Love it! New prescription for my glasses and a bigger phone screen might just be signs of aging:)

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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