Is Mid-Cambridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mid-Cambridge was a Neutral Market.
Key Takeaway
Mid-Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mid-Cambridge, MA
How much do homes in Mid-Cambridge, MA cost?
Median Sold Price
$1,130,000
$909/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mid-Cambridge have sold for 13% more than they did a year ago.
Summary: The median home sold price in Mid-Cambridge was $1,130,000 in April 2024, up 13% from last year, and the median price per square foot was $909.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $593.5K | +0.6% |
| 2 Bedrooms | $960K | $876.5K | -8.7% |
| 3 Bedrooms | $1.5M | $1.6M | +7.7% |
| 4 Bedrooms | $2.1M | $2.0M | -3.0% |
| 5+ Bedrooms | $2.5M | $3.0M | +16.2% |
Summary: Mid-Cambridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid-Cambridge | $1.0M | $1.1M | +13.0% |
| Cobble Hill / Ward 2 | $1.0M | $930K | -12.7% |
| Harvard Square | $1.5M | $1.1M | -25.9% |
| Inman Square | $1.2M | $840K | -34.1% |
Housing Supply in Mid-Cambridge, MA
How many homes are available in Mid-Cambridge, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Mid-Cambridge real estate market had 28 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Mid-Cambridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-Cambridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Mid-Cambridge in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Mid-Cambridge, MA
How long does it take to sell a home in Mid-Cambridge, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 10 Days | +64.1% |
Summary: Homes in Mid-Cambridge had an average of 10 days on market in Apr 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mid-Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Mid-Cambridge; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
