Is West Cambridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Cambridge was a Neutral Market.
Key Takeaway
West Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Cambridge, MA
How much do homes in West Cambridge, MA cost?
Median Sold Price
$1,650,000
$900/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Cambridge have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in West Cambridge was $1,650,000 in March 2024, down 2.9% from last year, and the median price per square foot was $900.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $699K | $610K | -12.7% |
| 2 Bedrooms | $825K | $870K | +5.5% |
| 3 Bedrooms | $1.6M | $1.5M | -3.2% |
| 4 Bedrooms | $3.1M | $2.3M | -23.4% |
| 5+ Bedrooms | $2.7M | $2.7M | +2.4% |
Summary: West Cambridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Peabody | $920K | $1.0M | +8.7% |
| West Cambridge | $1.6M | $1.6M | -2.9% |
Housing Supply in West Cambridge, MA
How many homes are available in West Cambridge, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The West Cambridge real estate market had 22 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Cambridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Cambridge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Cambridge in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for West Cambridge, MA
How long does it take to sell a home in West Cambridge, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 119 Days | +1486.7% |
Summary: Homes in West Cambridge had an average of 119 days on market in Mar 2024, up by 1486.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in West Cambridge are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in West Cambridge; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
