Is Cambridge, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cambridge has remained a Seller's Market.
Housing Prices in Cambridge, MN
How much do homes in Cambridge, MN cost?
Median Sold Price
$310,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cambridge was $310,000 in March 2024, up 4.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $212.5K | -7.6% |
2 Bedrooms | $245K | $247.5K | +1.0% |
3 Bedrooms | $289.9K | $315K | +8.6% |
4 Bedrooms | $318.9K | $324.5K | +1.7% |
5+ Bedrooms | $350K | $358.5K | +2.4% |
Summary: Cambridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Isanti Township | $314.9K | $330K | +4.8% |
Cambridge Township | $296.1K | $310K | +4.7% |
Cambridge | $297.3K | $310K | +4.3% |
Housing Supply in Cambridge, MN
How many homes are available in Cambridge, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The Cambridge real estate market had 58 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cambridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Cambridge in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Cambridge, MN
How long does it take to sell a home in Cambridge, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 60 Days | +31.9% |
Summary: Homes in Cambridge had an average of 60 days on market in Mar 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Cambridge; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.