Is Cambridge, OH 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.
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
$164,900
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cambridge have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Cambridge was $164,900 in March 2024, up 12.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28K | $40.7K | +45.5% |
| 2 Bedrooms | $105.8K | $117.2K | +10.7% |
| 3 Bedrooms | $149.9K | $168.2K | +12.2% |
| 4 Bedrooms | $175K | $170K | -2.9% |
| 5+ Bedrooms | $90K | $223.3K | +148.1% |
Summary: Cambridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 148.1%.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $145K | $164.9K | +13.7% |
| Cambridge | $146.6K | $164.9K | +12.5% |
| Jackson Township | $159K | $150K | -5.7% |
Housing Supply in Cambridge, OH
How many homes are available in Cambridge, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 84 | +20.0% |
Summary: The Cambridge real estate market had 84 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cambridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Cambridge in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 33 Days | -59.9% |
Summary: Homes in Cambridge had an average of 33 days on market in Mar 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Cambridge; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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