Cambridge Real Estate Statistics

Cambridge real estate average sold price in the last 30 days (March 10 - April 8) was $765,460, which is $33,320 (4.4%) higher than the average price of $732,140 in the previous 30 day period (February 9 - March 9), and $29,707 (3.9%) up from the same period 1 year ago ($735,753). Cambridge real estate prices over the last 30 days are also $6,464 (0.8%) lower than the average selling price of $771,924 over the past year.

Cambridge average sold price for homes was $838,012 in the last 30 days (March 10 - April 8), which is $67,472 (8.1%) up from the average home price of $770,540 in the previous 30 day period (February 9 - March 9), and $41,270 (4.9%) higher than the same period 1 year ago ($796,742). In the last 30 days Cambridge the average home price was $15,485 (1.8%) 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 10 - April 8) was $576,543. During this period it was $4,279 (0.7%) down from the average price of condo of $580,822 during the previous 30 days (February 9 - March 9), and $79,601 (13.8%) higher compared to the same period 1 year ago ($496,942). In the last 30 days Cambridge the average condo price was $11,706 (2.0%) higher than the average selling price of $564,837 over the last year.

Average sold price of Cambridge townhouse was $693,887 in the last 30 days (March 10 - April 8), up $22,387 (3.2%) from the average townhome price of $671,500 over the previous 30 days (February 9 - March 9), and $9,571 (1.4%) higher than during to the same period 1 year ago ($684,316). Over the last 30 days the average townhouse price in Cambridge was $18,990 (2.7%) higher compared to the average selling price of $674,897 over the last 12 months.

Average selling price for Cambridge real estate was $765,460 in the last 30 days (March 10 - April 8), which is collectively $13,253 (1.5%) higher than the average asking price of $863,009. This represents an increase of $4,061 (44.2%) compared to $9,192 (1.1%) Sold-Over-Asking price from the previous 30 day period (February 9 - March 9).

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 95.7% with 155 properties sold and 133 new properties listed in the past 30 days (March 10 - April 8). This represents an increase from 95.5% recorded during the previous 30 day period (February 9 - March 9), and a decrease from 107.4% 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 155 properties that were successfully sold in Cambridge in the last 30 days (March 10 - April 8) was 23 days, which is 1 days more than 22 days average in the previous 30 day period (February 9 - March 9) and 5 days longer than during the same period a year ago (18 days).

There were 122 delisted properties in Cambridge, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 51 days on the market. This is 19 days shorter than the average of 70 days during the previous 30 day period (February 9 - March 9) and 1 days more compared to the same period last year average of 50 days on the market.

122 Cambridge properties that didn't sell stayed on the market 121.7% longer than 155 that sucessfully sold over the last 30 days - 23 days when sold vs 51 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.

162 new properties were listed on the market in Cambridge in the last 30 days (March 10 - April 8). During the same time 155 properties were sold and 122 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 115 properties (or 71.0%).

During the previous 30 day period (February 9 - March 9) there were 133 new properties listed, 127 sold and 69 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 102 homes listed during the last 30 days (March 10 - April 8), which is 63.0% of all properties listed in Cambridge. This is a 20.0% increase compared with a previous 30 day period (February 9 - March 9) and 54.5% up from the same period a year ago. Over the past year an average of 93 homes are were listed per month.

4 condo units were listed in the last 30 days (March 10 - April 8) in Cambridge, which represents 2.5% of all new listings. This is down 60.0% from the prior 30 day period (February 9 - March 9) and 33.3% less compared to the same period last year. There were 7 condos listed per month on average during the last 12 months.

56 townhomes were listed over the last 30 days (March 10 - April 8) in Cambridge, which is 34.6% of all new real estate inventory. This is a 47.4% more than during the previous 30 day period (February 9 - March 9) and 143.5% 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 90 homes sold during the last 30 days (March 10 - April 8), which is 58.1% of all properties sold in Cambridge. This is a 4.7% increase compared with a previous 30 day period (February 9 - March 9) and 28.6% up from the same period a year ago. Over the past year an average of 81 homes are were sold per month.

16 condo units were sold in the last 30 days (March 10 - April 8) in Cambridge, which represents 10.3% of all sold properties. This is up 77.8% from the prior 30 day period (February 9 - March 9) and 14.3% more 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 10 - April 8) in Cambridge, which is 31.6% of all sold real estate. This is a 53.1% more than during the previous 30 day period (February 9 - March 9) 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.