Cambridge Real Estate Statistics

Cambridge real estate average sold price in the last 30 days (March 20 - April 18) was $771,213, which is $21,358 (2.8%) higher than the average price of $749,855 in the previous 30 day period (February 19 - March 19), and $7,167 (0.9%) down from the same period 1 year ago ($778,380). Cambridge real estate prices over the last 30 days are also $711 (0.1%) lower than the average selling price of $771,924 over the past year.

Cambridge average sold price for homes was $844,649 in the last 30 days (March 20 - April 18), which is $26,079 (3.1%) up from the average home price of $818,570 in the previous 30 day period (February 19 - March 19), and $730 (0.1%) lower than the same period 1 year ago ($845,379). In the last 30 days Cambridge the average home price was $22,122 (2.6%) higher than the average selling price of $822,527 over the last 12 months.

Average Cambridge condo sold price over the last 30 days (March 20 - April 18) was $502,292. During this period it was $142,872 (28.4%) down from the average price of condo of $645,164 during the previous 30 days (February 19 - March 19), and $1,769 (0.4%) higher compared to the same period 1 year ago ($500,523). In the last 30 days Cambridge the average condo price was $62,545 (12.5%) lower than the average selling price of $564,837 over the last year.

Average sold price of Cambridge townhouse was $689,693 in the last 30 days (March 20 - April 18), up $11,929 (1.7%) from the average townhome price of $677,764 over the previous 30 days (February 19 - March 19), and $4,693 (0.7%) higher than during to the same period 1 year ago ($685,000). Over the last 30 days the average townhouse price in Cambridge was $14,796 (2.1%) higher compared to the average selling price of $674,897 over the last 12 months.

Average selling price for Cambridge real estate was $771,213 in the last 30 days (March 20 - April 18), which is collectively $16,923 (2.0%) higher than the average asking price of $835,292. This represents an increase of $4,904 (40.8%) compared to $12,019 (1.4%) Sold-Over-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Cambridge during the last 12 months was recorded in May, 2023 with an average of $60,732 over the asking price, while the minimum occurring in January, 2024 with $12,363 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Cambridge was 98.2% with 164 properties sold and 146 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 71.9% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 100.9% compared to the same period one year ago.

Over the the last year the highest SNLR in Cambridge was 122.2% recorded in December and the lowest was in September at 50.6%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 164 properties that were successfully sold in Cambridge in the last 30 days (March 20 - April 18) was 25 days, which is 1 days more than 24 days average in the previous 30 day period (February 19 - March 19) and 0 days longer than during the same period a year ago (25 days).

There were 120 delisted properties in Cambridge, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 58 days on the market. This is 11 days shorter than the average of 69 days during the previous 30 day period (February 19 - March 19) and 18 days more compared to the same period last year average of 40 days on the market.

120 Cambridge properties that didn't sell stayed on the market 132.0% longer than 164 that sucessfully sold over the last 30 days - 25 days when sold vs 58 days when delisted respectively.

Average Days on the Market in Cambridge over the past 12 months for properties that have sold was 24.2 days, with 57.3 days for those properties that did not sell.

167 new properties were listed on the market in Cambridge in the last 30 days (March 20 - April 18). During the same time 164 properties were sold and 120 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 117 properties (or 70.1%).

During the previous 30 day period (February 19 - March 19) there were 146 new properties listed, 105 sold and 83 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 198 new properties listed, the slowest - December with 54 new listings and a yearly average of 144 new listings per month.

There were a total of 106 homes listed during the last 30 days (March 20 - April 18), which is 63.5% of all properties listed in Cambridge. This is a 19.1% increase compared with a previous 30 day period (February 19 - March 19) and 51.4% up from the same period a year ago. Over the past year an average of 93 homes are were listed per month.

6 condo units were listed in the last 30 days (March 20 - April 18) in Cambridge, which represents 3.6% of all new listings. This is down 33.3% from the prior 30 day period (February 19 - March 19) and 20.0% more compared to the same period last year. There were 7 condos listed per month on average during the last 12 months.

55 townhomes were listed over the last 30 days (March 20 - April 18) in Cambridge, which is 32.9% of all new real estate inventory. This is a 14.6% more than during the previous 30 day period (February 19 - March 19) and 61.8% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 44 a month.

There were a total of 102 homes sold during the last 30 days (March 20 - April 18), which is 62.2% of all properties sold in Cambridge. This is a 78.9% increase compared with a previous 30 day period (February 19 - March 19) and 29.1% up from the same period a year ago. Over the past year an average of 81 homes are were sold per month.

13 condo units were sold in the last 30 days (March 20 - April 18) in Cambridge, which represents 7.9% of all sold properties. This is down 7.1% from the prior 30 day period (February 19 - March 19) and 0.0% less compared to the same period last year. There were 7 condos sold per month on average during the last 12 months.

49 townhomes were sold over the last 30 days (March 20 - April 18) in Cambridge, which is 29.9% of all sold real estate. This is a 44.1% more than during the previous 30 day period (February 19 - March 19) and 172.2% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 27 a month.