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 July 29, 2020, average sale price in Cambridge in 2020 is $1,300,047, while average sale price in Somerville is $998,652.
As of July 29, 2020, 142 residential properties listed for sale in Cambridge, MA in MLS, including 94 condos.
142 properties for sale in Cambridge as of July 29, 2020. On July 29, 2019, there were 103 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" is happening this summer. Total number of sales is reduced in 2020.
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Average sale price of a condo in Cambridge in 2020 through July 29, 2020 is $884,087, down 6% from end of 2019. Click here to see the condo sales in Cambridge through July 29, 2020.
Average sale price of a single family in Cambridge in 2020 through July 29, 2020 is $2,421,811. Sale price averaged 1% over the list price. Click here to see the 47 single family sales in 2020 through July 29.
Average sale price of a multi-family in Cambridge in 2020 through July 29 is $2,170,277, up 1% from end of 2019. Click here to see the multi-family sales in Cambridge through July 29, 2020.
As of July 29, 2020, 119 residential properties listed for sale in Somerville, MA in MLS. 61% of listings are condos.
As of July 29, 2020, there were 119 properties for sale in Somerville, just four fewer than on July 19, 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" is this happening this summer. The total number of sales is reduced.
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Average sale price of a condo in Somerville as of July 29, 2020 is $815,016 up 3% from end of 2019. Click here to see condo sales in Somerville in 2020 through July 29, 2020.
Average sale price of 39 single families sold in Somerville in 2020 through July 29, 2020 is $1,064,264. Sale price averaged 104% of the list price. Seven single families for sale on July 29, 2020.
Average sale price of a multi-family in Somerville in 2020 through July 29, 2020 is $1,416,268, up 8% from end of 2019. Click here to see multi-family sales in Somerville in 2020 through July 29.
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