Cambridge, MA Area Market Review 2021 vs. 2020 As of February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 2021
Single Family Listing Inventory on February 16
2020
2021
Var.
Var. %
Listing Units
11
6
-5
-45.45%
Average Days on Market
64
97
33
51.56%
Average List Price
$4,617,536.27
$2,253,150.00
-$2,364,386.27
-51.20%
Average List $ / SqFt
$1,095.82
$904.46
-$191.36
-17.46%
Approximate Absorption Rate
76.52%
152.78%
76.26%
99.66%
Approximate Months Supply of Inventory
1.31
0.65
-0.66
-50.38%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
16
6
-10
-62.50%
Average Original List Price
$4,591,062.44
$1,758,833.33
-$2,832,229.11
-61.69%
Average Original List $ / SqFt
$1,015.01
$804.83
-$210.18
-20.71%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
14
14
0
0%
Average List Price
$3,134,064.29
$2,068,999.29
-$1,065,065.00
-33.98%
Average List $ / SqFt
$859.06
$846.43
-$12.63
-1.47%
Average Days to Offer
52
54
2
3.85%
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)
6
7
1
16.67%
Average Days on Market
50
31
-19
-38%
Average Days to Offer
42
21
-21
-50%
Average Sale Price
$1,815,833.33
$1,544,142.86
-$271,690.47
-14.96%
Average Sale $ / SqFt
$729.29
$822.81
$93.52
12.82%
Average List Price
$1,713,500.00
$1,595,998.57
-$117,501.43
-6.86%
Average List $ / SqFt
$683.49
$856.10
$172.61
25.25%
Average Original List Price
$1,834,666.67
$1,603,127.14
-$231,539.53
-12.62%
Average Original List $ / SqFt
$719.90
$861.20
$141.30
19.63%
Average Sale Price as % of List Price
105.96%
96.57%
-9.39%
-8.86%
Average Sale Price as % of Original List Price
101.19%
95.81%
-5.38%
-5.32%
Average Sale Price as % of Assessed Price
126.02%
569.27%
443.25%
351.73%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of February 16
2020
2021
Var.
Var. %
Units Listed
143
178
35
24.48%
Units Price Changed
30
45
15
50%
Units Went Pending
120
144
24
20%
Units Sold
101
110
9
8.91%
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