Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Single Family Listing Inventory on March 2
2020
2021
Var.
Var. %
Listing Units
16
8
-8
-50%
Average Days on Market
55
49
-6
-10.91%
Average List Price
$3,821,431.25
$1,758,987.50
-$2,062,443.75
-53.97%
Average List $ / SqFt
$985.96
$879.41
-$106.55
-10.81%
Approximate Absorption Rate
52.08%
113.54%
61.46%
118.01%
Approximate Months Supply of Inventory
1.92
0.88
-1.04
-54.17%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
26
14
-12
-46.15%
Average Original List Price
$3,843,692.27
$1,705,571.43
-$2,138,120.84
-55.63%
Average Original List $ / SqFt
$958.35
$818.79
-$139.56
-14.56%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
19
18
-1
-5.26%
Average List Price
$3,052,678.95
$1,941,055.00
-$1,111,623.95
-36.41%
Average List $ / SqFt
$870.91
$820.13
-$50.78
-5.83%
Average Days to Offer
39
51
12
30.77%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
0
0
0
0%
Average Original List Price
$0.00
$0.00
$0.00
0%
Average Original List $ / SqFt
$0.00
$0.00
$0.00
0%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
9
9
0
0%
Average Days on Market
66
44
-22
-33.33%
Average Days to Offer
39
35
-4
-10.26%
Average Sale Price
$2,391,111.11
$1,636,555.56
-$754,555.55
-31.56%
Average Sale $ / SqFt
$751.01
$811.16
$60.15
8.01%
Average List Price
$2,386,222.22
$1,704,665.56
-$681,556.66
-28.56%
Average List $ / SqFt
$734.68
$848.05
$113.37
15.43%
Average Original List Price
$2,522,555.56
$1,723,543.33
-$799,012.23
-31.67%
Average Original List $ / SqFt
$768.30
$857.45
$89.15
11.60%
Average Sale Price as % of List Price
102.40%
95.97%
-6.43%
-6.28%
Average Sale Price as % of Original List Price
98.44%
94.76%
-3.68%
-3.74%
Average Sale Price as % of Assessed Price
140.89%
485.44%
344.55%
244.55%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 2
2020
2021
Var.
Var. %
Units Listed
141
177
36
25.53%
Units Price Changed
27
43
16
59.26%
Units Went Pending
120
143
23
19.17%
Units Sold
100
109
9
9%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF