On a regular basis, I am creating market snapshots about the Cambridge and Somerville real estate markets. I hope that you find these valuable. There is, of course, always more to the story. Reach out at any time for more information. We're here to help you.
Average sale price in both Cambridge and Somerville, Massachusetts has been steadily rising over the last five years. As of December 30, 2020, average sale price in Cambridge in 2020 is $1,281,869 while average sale price in Somerville is $988,411.
On December 31, 2020, 116 residential properties listed for sale, including 88 Condos. See what is now listed for sale in Cambridge, MA.
116 properties for sale in Cambridge as of December 31, 2020. On December 31, 2019, there were 34 properties for sale in Cambridge.
The trend each year is for the number of Cambridge residential sales (condos and singles and multis) to rise in the spring market, and then rise again in the fall. Given Covid-19 the "spring market" started slowly and more sales happened later in the calendar year.
Average sale price of a condo in Cambridge in 2020 through December 31, 2020 is $996,050, up 6% from end of 2019. Click here to see the 2020 condo sales in Cambridge through December 31, 2020.
Average sale price of a single family in Cambridge in 2020 was $2,207,655. Sale price averaged 100% of the list price. Click here to see the single family sales in Cambridge in 2020.
Average sale price of a multi-family in Cambridge in 2020 was $1,974,743, down 8% from end of 2019. Click here to see the multi-family sales in Cambridge in 2020.
As of Dec. 31, 2020, 92 residential properties listed for sale in Somerville, MA in MLS. 70% of listings are condos.
On Dec. 31, 2020, there were 92 properties for sale in Somerville, compared to 59 on Dec. 31, 2019.
The trend each year is for the number of Somerville residential sales (condos and singles and multis) to rise in the spring market, and then rise again in the fall. Given Covid-19 reality in 2020, the "spring market" peak came in the summer months.
Average sale price of a condo in Somerville as of Dec. 31, 2020 is $817,016 up 4% from end of 2019. Click here to see condo sales in Somerville in 2020.
Average sale price of 74 single families sold in Somerville in 2020 is $1,000,046. Sale price averaged 104% of the list price. Four single families listed for sale on Dec. 31, 2020.
Average sale price of a multi-family in Somerville in 2020 was $1,404,556, up 7% from end of 2019. Click here to see multi-family sales in Somerville in 2020.
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