Cambridge Real Estate Statistics

Cambridge real estate average sold price in the last 30 days (December 14 - January 12) was $414,219, which is $281,280 (67.9%) lower than the average price of $695,499 in the previous 30 day period (November 14 - December 13), and $332,281 (80.2%) down from the same period 1 year ago ($746,500). Cambridge real estate prices over the last 30 days are also $320,175 (77.3%) lower than the average selling price of $734,394 over the past year.

Cambridge average sold price for homes was $432,854 in the last 30 days (December 14 - January 12), which is $310,356 (71.7%) down from the average home price of $743,210 in the previous 30 day period (November 14 - December 13), and $343,582 (79.4%) lower than the same period 1 year ago ($776,436). In the last 30 days Cambridge the average home price was $345,211 (79.8%) lower than the average selling price of $778,065 over the last 12 months.

Average Cambridge condo sold price over the last 30 days (December 14 - January 12) was $272,103. During this period it was $223,730 (82.2%) down from the average price of condo of $495,833 during the previous 30 days (November 14 - December 13), and $310,397 (114.1%) lower compared to the same period 1 year ago ($582,500). In the last 30 days Cambridge the average condo price was $237,660 (87.3%) lower than the average selling price of $509,763 over the last year.

Average sold price of Cambridge townhouse was $399,032 in the last 30 days (December 14 - January 12), down $195,418 (49.0%) from the average townhome price of $594,450 over the previous 30 days (November 14 - December 13), and $264,468 (66.3%) lower than during to the same period 1 year ago ($663,500). Over the last 30 days the average townhouse price in Cambridge was $263,809 (66.1%) lower compared to the average selling price of $662,841 over the last 12 months.

Average selling price for Cambridge real estate was $414,219 in the last 30 days (December 14 - January 12), which is collectively $1,340 (0.2%) lower than the average asking price of $807,253. This represents an increase of $5,280 (79.8%) compared to $6,620 (0.8%) Sold-Under-Asking price from the previous 30 day period (November 14 - December 13).

The maximum Sold Over/Under Asking ratio in Cambridge during the last 12 months was recorded in May, 2024 with an average of $25,677 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 603.6% with 507 properties sold and 205 new properties listed in the past 30 days (December 14 - January 12). This represents an increase from 65.4% recorded during the previous 30 day period (November 14 - December 13), and an increase from 110.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Cambridge was 593.8% recorded in December and the lowest was in July at 48.9%. 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 507 properties that were successfully sold in Cambridge in the last 30 days (December 14 - January 12) was 33 days, which is 22 days less than 55 days average in the previous 30 day period (November 14 - December 13) and 1 days longer than during the same period a year ago (32 days).

There were 251 delisted properties in Cambridge, those that got either Expired, Suspended or Terminated over the last 30 days (December 14 - January 12) with an average of 73 days on the market. This is 1 days shorter than the average of 74 days during the previous 30 day period (November 14 - December 13) and 27 days less compared to the same period last year average of 100 days on the market.

251 Cambridge properties that didn't sell stayed on the market 121.2% longer than 507 that sucessfully sold over the last 30 days - 33 days when sold vs 73 days when delisted respectively.

Average Days on the Market in Cambridge over the past 12 months for properties that have sold was 27.7 days, with 61.2 days for those properties that did not sell.

84 new properties were listed on the market in Cambridge in the last 30 days (December 14 - January 12). During the same time 507 properties were sold and 251 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 674 properties (or 802.4%).

During the previous 30 day period (November 14 - December 13) there were 205 new properties listed, 134 sold and 175 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 241 new properties listed, the slowest - December with 96 new listings and a yearly average of 175 new listings per month.

There were a total of 44 homes listed during the last 30 days (December 14 - January 12), which is 52.4% of all properties listed in Cambridge. This is a 66.7% decline compared with a previous 30 day period (November 14 - December 13) and 2.2% down from the same period a year ago. Over the past year an average of 113 homes are were listed per month.

9 condo units were listed in the last 30 days (December 14 - January 12) in Cambridge, which represents 10.7% of all new listings. This is down 52.6% from the prior 30 day period (November 14 - December 13) and 200.0% more compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.

31 townhomes were listed over the last 30 days (December 14 - January 12) in Cambridge, which is 36.9% of all new real estate inventory. This is a 42.6% less than during the previous 30 day period (November 14 - December 13) and 287.5% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 50 a month.

There were a total of 359 homes sold during the last 30 days (December 14 - January 12), which is 70.8% of all properties sold in Cambridge. This is a 277.9% increase compared with a previous 30 day period (November 14 - December 13) and 663.8% up from the same period a year ago. Over the past year an average of 110 homes are were sold per month.

35 condo units were sold in the last 30 days (December 14 - January 12) in Cambridge, which represents 6.9% of all sold properties. This is up 483.3% from the prior 30 day period (November 14 - December 13) and 1,650.0% more compared to the same period last year. There were 10 condos sold per month on average during the last 12 months.

113 townhomes were sold over the last 30 days (December 14 - January 12) in Cambridge, which is 22.3% of all sold real estate. This is a 242.4% more than during the previous 30 day period (November 14 - December 13) and 769.2% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 39 a month.