Is Cambridge, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cambridge has remained a Seller's Market.
Key Takeaway
Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge, OH
How much do homes in Cambridge, OH cost?
Median Sold Price
$164,450
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cambridge have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Cambridge was $164,450 in June 2024, up 9.9% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | $31.2K | -13.2% |
| 2 Bedrooms | $97.5K | $117K | +20.0% |
| 3 Bedrooms | $150.2K | $169.2K | +12.6% |
| 4 Bedrooms | $180K | $165.5K | -8.1% |
| 5+ Bedrooms | $91.5K | $224.1K | +144.8% |
Summary: Cambridge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 144.8%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $149.6K | $164.4K | +9.9% |
| Cambridge Township | $149.9K | $164.4K | +9.7% |
| Jackson Township | $160K | $157.4K | -1.6% |
Housing Supply in Cambridge, OH
How many homes are available in Cambridge, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 92 | 91 | -1.1% |
Summary: The Cambridge real estate market had 91 homes for sale in June 2024, a 1.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 60 | 55 | -8.3% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cambridge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Cambridge in June 2024, down by 13.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 5% were sold at asking, and 32% were sold over asking.
Days on Market for Cambridge, OH
How long does it take to sell a home in Cambridge, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 69 Days | 66 Days | -4.2% |
Summary: Homes in Cambridge had an average of 66 days on market in Jun 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cambridge has remained consistent over time.
Summary: During June 2024, 19 homes were sold in Cambridge; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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