Cambridge Real Estate Statistics

Cambridge real estate average sold price in the last 30 days (January 21 - February 19) was $741,283, which is $52,754 (7.1%) higher than the average price of $688,529 in the previous 30 day period (December 22 - January 20), and $2,602 (0.4%) down from the same period 1 year ago ($743,885). Cambridge real estate prices over the last 30 days are also $5,724 (0.8%) higher than the average selling price of $735,559 over the past year.

Cambridge average sold price for homes was $818,875 in the last 30 days (January 21 - February 19), which is $89,731 (11.0%) up from the average home price of $729,144 in the previous 30 day period (December 22 - January 20), and $38,782 (4.7%) higher than the same period 1 year ago ($780,093). In the last 30 days Cambridge the average home price was $36,504 (4.5%) higher than the average selling price of $782,371 over the last 12 months.

Average Cambridge condo sold price over the last 30 days (January 21 - February 19) was $425,500. During this period it was $209,500 (49.2%) down from the average price of condo of $635,000 during the previous 30 days (December 22 - January 20), and $173,800 (40.8%) lower compared to the same period 1 year ago ($599,300). In the last 30 days Cambridge the average condo price was $53,410 (12.6%) lower than the average selling price of $478,910 over the last year.

Average sold price of Cambridge townhouse was $661,730 in the last 30 days (January 21 - February 19), up $32,794 (5.0%) from the average townhome price of $628,936 over the previous 30 days (December 22 - January 20), and $4,570 (0.7%) higher than during to the same period 1 year ago ($657,160). Over the last 30 days the average townhouse price in Cambridge was $1,732 (0.3%) higher compared to the average selling price of $659,998 over the last 12 months.

Average selling price for Cambridge real estate was $741,283 in the last 30 days (January 21 - February 19), which is collectively $6,194 (0.8%) higher than the average asking price of $786,302. This represents an increase of $14,759 (172.3%) compared to $8,565 (1.1%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

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 August, 2024 with $4,553 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 49.7% with 77 properties sold and 123 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 52.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 130.3% 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 January at 48.8%. 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 77 properties that were successfully sold in Cambridge in the last 30 days (January 21 - February 19) was 24 days, which is 11 days less than 35 days average in the previous 30 day period (December 22 - January 20) and 4 days shorter than during the same period a year ago (28 days).

There were 82 delisted properties in Cambridge, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 67 days on the market. This is 10 days shorter than the average of 77 days during the previous 30 day period (December 22 - January 20) and 3 days more compared to the same period last year average of 64 days on the market.

82 Cambridge properties that didn't sell stayed on the market 179.2% longer than 77 that sucessfully sold over the last 30 days - 24 days when sold vs 67 days when delisted respectively.

Average Days on the Market in Cambridge over the past 12 months for properties that have sold was 26.0 days, with 59.5 days for those properties that did not sell.

155 new properties were listed on the market in Cambridge in the last 30 days (January 21 - February 19). During the same time 77 properties were sold and 82 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 2.6%).

During the previous 30 day period (December 22 - January 20) there were 123 new properties listed, 64 sold and 112 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 190 new listings per month.

There were a total of 94 homes listed during the last 30 days (January 21 - February 19), which is 60.6% of all properties listed in Cambridge. This is a 38.2% increase compared with a previous 30 day period (December 22 - January 20) and 40.3% up from the same period a year ago. Over the past year an average of 121 homes are were listed per month.

14 condo units were listed in the last 30 days (January 21 - February 19) in Cambridge, which represents 9.0% of all new listings. This is up 7.7% from the prior 30 day period (December 22 - January 20) and 16.7% more compared to the same period last year. There were 14 condos listed per month on average during the last 12 months.

47 townhomes were listed over the last 30 days (January 21 - February 19) in Cambridge, which is 30.3% of all new real estate inventory. This is a 11.9% more than during the previous 30 day period (December 22 - January 20) and 56.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 55 a month.

There were a total of 48 homes sold during the last 30 days (January 21 - February 19), which is 62.3% of all properties sold in Cambridge. This is a 26.3% increase compared with a previous 30 day period (December 22 - January 20) and 53.4% down from the same period a year ago. Over the past year an average of 116 homes are were sold per month.

6 condo units were sold in the last 30 days (January 21 - February 19) in Cambridge, which represents 7.8% of all sold properties. This is up 500.0% from the prior 30 day period (December 22 - January 20) and 0.0% less compared to the same period last year. There were 9 condos sold per month on average during the last 12 months.

23 townhomes were sold over the last 30 days (January 21 - February 19) in Cambridge, which is 29.9% of all sold real estate. This is a 8.0% less than during the previous 30 day period (December 22 - January 20) and 30.3% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 40 a month.