September 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...

73 Gore Street, Cambridge
Renovated East Cambridge Single Family

354A Broadway Unit 3A, Somerville
Renovated Top Floor 2-Bed in Winter Hill

Cambridge Market Stats for September 2023

152

Homes for sale on 9/30

55

Homes sold in September

125

New listings in September

27

Average Days to Offer

$1,250,218

Average Sale Price

99%

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

85 Richdale Ave Unit 5

Sold for $1,005,000 on Sept. 22, 2023
Listed by Emma Guardia & Roland Rambaud of Compass

130 Garden Street

Sold for $1,400,000 on Sept. 29, 2023
by Charles Cherney as the Buyer's Agent

12 Fayette Unit 2

Sold for $4,100,000 on Sept. 1, 2023
by Charles Cherney as the Buyer's Agent

Somerville Market Stats for September 2023

158

Homes for sale on 9/30

43

Homes sold in September

92

New listings in September

46

Average Days to Offer

$1,027,419

Average Sale Price

98%

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

354A Broadway Unit 1A

Sold for $632,000 on Sept. 28, 203
Listed by Charles Cherney.

54 Clarendon Street Unit 2

Sold for $849,000 on Sept. 8, 2023.
Listed by Emma Guardia & Roland Rambaud of Compass.

312 Beacon Street Unit 2

Sold for $977,000 on Sept. 7, 2023.
Listed by Jonathan Mitchell of Compass.

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Checking in with Charles

The fall market starts up after Labor Day and is in full swing in the month of September into October. The pace of the market has lessened somewhat. For sure, properties are still going under accepted offer. That being said, not every listing is finding its buyer in the first week.

I have been enjoying taking walks - and photographs - on daily walks, weather permitting. Click here to see my recent photos of Cambridge.

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!