Cambridge, MA Area Market Review 2016 - 2020 As of October 28, 2020 Prepared by Colleen Barry on Wednesday, October 28, 2020
Single Family Listing Inventory on October 28
2016
2017
2018
2019
2020
Listing Units
20
10
20
19
26
Average Days on Market
56
66
53
99
47
Average List Price
$2,313,835.00
$2,187,190.00
$2,560,685.00
$3,904,000.00
$2,842,803.85
Average List $ / SqFt
$733.04
$727.16
$826.54
$935.26
$879.40
Approximate Absorption Rate
42.50%
75.83%
35.42%
42.11%
31.73%
Approximate Months Supply of Inventory
2.35
1.32
2.82
2.38
3.15
Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
136
112
133
132
173
Average Original List Price
$1,927,297.05
$1,787,427.68
$1,849,568.32
$2,533,957.48
$2,386,875.56
Average Original List $ / SqFt
$705.19
$699.27
$773.00
$834.23
$859.13
Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
99
88
104
105
132
Average List Price
$1,753,401.00
$1,775,165.91
$1,718,828.84
$1,932,831.31
$2,200,571.95
Average List $ / SqFt
$663.09
$680.99
$742.42
$769.40
$845.30
Average Days to Offer
20
19
15
24
25
Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
27
25
27
31
39
Average Original List Price
$1,957,218.52
$1,791,132.00
$1,757,736.56
$2,582,896.74
$2,491,748.69
Average Original List $ / SqFt
$747.21
$725.85
$808.77
$842.14
$881.97
Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
79
72
68
80
77
Average Days on Market
31
36
21
35
36
Average Days to Offer
21
21
15
25
25
Average Sale Price
$1,739,639.24
$1,796,636.11
$1,813,077.94
$2,084,872.72
$2,241,630.36
Average Sale $ / SqFt
$675.51
$699.63
$773.97
$819.60
$844.28
Average List Price
$1,669,740.49
$1,767,250.00
$1,703,857.34
$1,999,032.35
$2,228,712.95
Average List $ / SqFt
$640.40
$669.03
$724.38
$784.44
$831.07
Average Original List Price
$1,704,436.70
$1,809,819.44
$1,725,313.22
$2,061,018.60
$2,264,596.06
Average Original List $ / SqFt
$650.98
$681.34
$733.14
$806.51
$843.40
Average Sale Price as % of List Price
105.97%
105%
107.44%
105.37%
101.91%
Average Sale Price as % of Original List Price
104.63%
103.77%
106.48%
103.21%
100.35%
Average Sale Price as % of Assessed Price
N/A
747.23%
382.79%
139.09%
1,864.65%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
0
0
0
0
12-Month Activity as of October 28
2016
2017
2018
2019
2020
Units Listed
151
123
141
147
184
Units Price Changed
30
27
30
36
40
Units Went Pending
112
106
112
121
148
Units Sold
102
91
85
96
99
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