Is Cambridge, NY 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, Cambridge was a Seller's Market.
Housing Prices in Cambridge, NY
How much do homes in Cambridge, NY cost?
Median Sold Price
$187,700
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cambridge was $187,700 in March 2024, up 2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $135K | +5.5% |
2 Bedrooms | $171.7K | $185.3K | +8.0% |
3 Bedrooms | $191.5K | $211K | +10.2% |
4 Bedrooms | $270.4K | $248.7K | -8.0% |
5+ Bedrooms | $110K | $180K | +63.6% |
Summary: Cambridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 63.6%.
Median Sold Price Compared To Nearby Cities
Cambridge | $184K | $187.7K | +2.0% |
Jackson | $182.7K | $159K | -13.0% |
Housing Supply in Cambridge, NY
How many homes are available in Cambridge, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Summary: The Cambridge real estate market had 17 homes for sale in March 2024, a 22.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 10 | 6 | -40.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Cambridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cambridge in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cambridge, NY
How long does it take to sell a home in Cambridge, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 51 Days | -13.2% |
Summary: Homes in Cambridge had an average of 51 days on market in Mar 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Cambridge; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.