Cambridge, MA Area Market Review 2021 vs. 2020 As of February 2, 2021 Prepared by Michelle Atkins on Tuesday, February 02, 2021
Condominium Listing Inventory on February 2
2020
2021
Var.
Var. %
Listing Units
49
77
28
57.14%
Average Days on Market
44
98
54
122.73%
Average List Price
$1,099,394.88
$1,268,033.75
$168,638.87
15.34%
Average List $ / SqFt
$880.95
$929.88
$48.93
5.55%
Approximate Absorption Rate
97.28%
57.36%
-39.92%
-41.04%
Approximate Months Supply of Inventory
1.03
1.74
0.71
68.93%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
60
48
-12
-20%
Average Original List Price
$1,089,314.17
$1,105,991.65
$16,677.48
1.53%
Average Original List $ / SqFt
$874.21
$861.17
-$13.04
-1.49%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
36
53
17
47.22%
Average List Price
$1,104,497.22
$1,143,616.98
$39,119.76
3.54%
Average List $ / SqFt
$841.61
$888.83
$47.22
5.61%
Average Days to Offer
59
55
-4
-6.78%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
1
1
0
0%
Average Original List Price
$685,000.00
$619,000.00
-$66,000.00
-9.64%
Average Original List $ / SqFt
$971.63
$736.90
-$234.73
-24.16%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
24
31
7
29.17%
Average Days on Market
62
62
0
0%
Average Days to Offer
32
51
19
59.38%
Average Sale Price
$928,237.50
$713,754.84
-$214,482.66
-23.11%
Average Sale $ / SqFt
$787.90
$840.07
$52.17
6.62%
Average List Price
$925,150.00
$712,147.65
-$213,002.35
-23.02%
Average List $ / SqFt
$781.85
$840.45
$58.60
7.50%
Average Original List Price
$934,904.17
$727,241.52
-$207,662.65
-22.21%
Average Original List $ / SqFt
$789.10
$861.58
$72.48
9.19%
Average Sale Price as % of List Price
100.88%
100.46%
-0.42%
-0.42%
Average Sale Price as % of Original List Price
99.86%
98.22%
-1.64%
-1.64%
Average Sale Price as % of Assessed Price
N/A
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
1
1
0%
12-Month Activity as of February 2
2020
2021
Var.
Var. %
Units Listed
725
778
53
7.31%
Units Price Changed
176
219
43
24.43%
Units Went Pending
631
597
-34
-5.39%
Units Sold
572
530
-42
-7.34%
Trend
Trend
Trend
Trend
Trend
Trend
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