Cambridge, MA Area Market Review 2021 vs. 2020 As of March 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 2021
Single Family Listing Inventory on March 29
2020
2021
Var.
Var. %
Listing Units
10
11
1
10%
Average Days on Market
87
65
-22
-25.29%
Average List Price
$4,570,040.00
$2,159,709.09
-$2,410,330.91
-52.74%
Average List $ / SqFt
$940.95
$972.84
$31.89
3.39%
Approximate Absorption Rate
86.67%
81.06%
-5.61%
-6.47%
Approximate Months Supply of Inventory
1.15
1.23
0.08
6.96%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
37
29
-8
-21.62%
Average Original List Price
$3,434,499.97
$1,952,134.48
-$1,482,365.49
-43.16%
Average Original List $ / SqFt
$938.67
$846.15
-$92.52
-9.86%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
34
30
-4
-11.76%
Average List Price
$2,726,405.85
$1,930,966.33
-$795,439.52
-29.18%
Average List $ / SqFt
$898.69
$804.41
-$94.28
-10.49%
Average Days to Offer
32
34
2
6.25%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
2
1
-1
-50%
Average Original List Price
$1,392,500.00
$1,699,000.00
$306,500.00
22.01%
Average Original List $ / SqFt
$712.74
$1,132.67
$419.93
58.92%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
16
14
-2
-12.50%
Average Days on Market
56
56
0
0%
Average Days to Offer
39
38
-1
-2.56%
Average Sale Price
$3,035,187.50
$1,820,857.14
-$1,214,330.36
-40.01%
Average Sale $ / SqFt
$888.03
$814.69
-$73.34
-8.26%
Average List Price
$3,000,625.00
$1,883,999.29
-$1,116,625.71
-37.21%
Average List $ / SqFt
$859.87
$841.46
-$18.41
-2.14%
Average Original List Price
$3,096,687.50
$1,945,420.71
-$1,151,266.79
-37.18%
Average Original List $ / SqFt
$884.45
$858.13
-$26.32
-2.98%
Average Sale Price as % of List Price
103.70%
97.45%
-6.25%
-6.03%
Average Sale Price as % of Original List Price
100.95%
95.78%
-5.17%
-5.12%
Average Sale Price as % of Assessed Price
136.32%
352.02%
215.70%
158.23%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 29
2020
2021
Var.
Var. %
Units Listed
145
179
34
23.45%
Units Price Changed
29
41
12
41.38%
Units Went Pending
125
141
16
12.80%
Units Sold
104
107
3
2.88%
Trend
Trend
Trend
Trend
Trend
Trend
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