Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Single Family Listing Inventory on March 2
2020
2021
Var.
Var. %
Listing Units
16
8
-8
-50%
Average Days on Market
55
49
-6
-10.91%
Average List Price
$3,821,431.25
$1,758,987.50
-$2,062,443.75
-53.97%
Average List $ / SqFt
$985.96
$879.41
-$106.55
-10.81%
Approximate Absorption Rate
52.08%
113.54%
61.46%
118.01%
Approximate Months Supply of Inventory
1.92
0.88
-1.04
-54.17%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
26
14
-12
-46.15%
Average Original List Price
$3,843,692.27
$1,705,571.43
-$2,138,120.84
-55.63%
Average Original List $ / SqFt
$958.35
$818.79
-$139.56
-14.56%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
19
18
-1
-5.26%
Average List Price
$3,052,678.95
$1,941,055.00
-$1,111,623.95
-36.41%
Average List $ / SqFt
$870.91
$820.13
-$50.78
-5.83%
Average Days to Offer
39
51
12
30.77%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
0
0
0
0%
Average Original List Price
$0.00
$0.00
$0.00
0%
Average Original List $ / SqFt
$0.00
$0.00
$0.00
0%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
9
9
0
0%
Average Days on Market
66
44
-22
-33.33%
Average Days to Offer
39
35
-4
-10.26%
Average Sale Price
$2,391,111.11
$1,636,555.56
-$754,555.55
-31.56%
Average Sale $ / SqFt
$751.01
$811.16
$60.15
8.01%
Average List Price
$2,386,222.22
$1,704,665.56
-$681,556.66
-28.56%
Average List $ / SqFt
$734.68
$848.05
$113.37
15.43%
Average Original List Price
$2,522,555.56
$1,723,543.33
-$799,012.23
-31.67%
Average Original List $ / SqFt
$768.30
$857.45
$89.15
11.60%
Average Sale Price as % of List Price
102.40%
95.97%
-6.43%
-6.28%
Average Sale Price as % of Original List Price
98.44%
94.76%
-3.68%
-3.74%
Average Sale Price as % of Assessed Price
140.89%
485.44%
344.55%
244.55%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 2
2020
2021
Var.
Var. %
Units Listed
141
177
36
25.53%
Units Price Changed
27
43
16
59.26%
Units Went Pending
120
143
23
19.17%
Units Sold
100
109
9
9%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Single Family
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Condominium Listing Inventory on March 2
2020
2021
Var.
Var. %
Listing Units
38
79
41
107.89%
Average Days on Market
36
97
61
169.44%
Average List Price
$1,218,173.68
$1,216,643.00
-$1,530.68
-0.13%
Average List $ / SqFt
$923.32
$914.38
-$8.94
-0.97%
Approximate Absorption Rate
122.15%
57.81%
-64.34%
-52.67%
Approximate Months Supply of Inventory
0.82
1.73
0.91
110.98%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
97
107
10
10.31%
Average Original List Price
$1,086,356.18
$1,058,185.02
-$28,171.16
-2.59%
Average Original List $ / SqFt
$881.08
$855.72
-$25.36
-2.88%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
77
108
31
40.26%
Average List Price
$1,069,792.84
$1,112,629.62
$42,836.78
4%
Average List $ / SqFt
$844.98
$866.47
$21.49
2.54%
Average Days to Offer
42
43
1
2.38%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
5
11
6
120%
Average Original List Price
$701,580.00
$941,345.45
$239,765.45
34.18%
Average Original List $ / SqFt
$929.23
$820.26
-$108.97
-11.73%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
40
62
22
55%
Average Days on Market
64
65
1
1.56%
Average Days to Offer
43
51
8
18.60%
Average Sale Price
$970,356.58
$817,253.23
-$153,103.35
-15.78%
Average Sale $ / SqFt
$802.53
$846.77
$44.24
5.51%
Average List Price
$966,785.00
$814,804.47
-$151,980.53
-15.72%
Average List $ / SqFt
$792.60
$846.44
$53.84
6.79%
Average Original List Price
$986,787.50
$827,809.27
-$158,978.23
-16.11%
Average Original List $ / SqFt
$804.24
$861.50
$57.26
7.12%
Average Sale Price as % of List Price
101.49%
100.20%
-1.29%
-1.27%
Average Sale Price as % of Original List Price
100.17%
98.48%
-1.69%
-1.69%
Average Sale Price as % of Assessed Price
N/A
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
1
1
0%
12-Month Activity as of March 2
2020
2021
Var.
Var. %
Units Listed
708
799
91
12.85%
Units Price Changed
174
224
50
28.74%
Units Went Pending
627
611
-16
-2.55%
Units Sold
557
548
-9
-1.62%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Condominium
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Multi Family Listing Inventory on March 2
2020
2021
Var.
Var. %
Listing Units
11
13
2
18.18%
Average Days on Market
29
84
55
189.66%
Average List Price
$2,909,000.00
$3,669,153.77
$760,153.77
26.13%
Average List $ / SqFt
$744.86
$683.55
-$61.31
-8.23%
Approximate Absorption Rate
59.85%
42.31%
-17.54%
-29.31%
Approximate Months Supply of Inventory
1.67
2.36
0.69
41.32%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
16
11
-5
-31.25%
Average Original List Price
$3,062,437.50
$4,265,454.45
$1,203,016.95
39.28%
Average Original List $ / SqFt
$666.73
$691.52
$24.79
3.72%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
6
5
-1
-16.67%
Average List Price
$3,469,833.33
$1,918,200.00
-$1,551,633.33
-44.72%
Average List $ / SqFt
$468.48
$531.92
$63.44
13.54%
Average Days to Offer
26
36
10
38.46%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
2
4
2
100%
Average Original List Price
$1,790,000.00
$3,305,999.75
$1,515,999.75
84.69%
Average Original List $ / SqFt
$713.12
$583.56
-$129.56
-18.17%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
13
8
-5
-38.46%
Average Days on Market
32
68
36
112.50%
Average Days to Offer
24
43
19
79.17%
Average Sale Price
$1,680,596.15
$1,908,125.00
$227,528.85
13.54%
Average Sale $ / SqFt
$549.03
$588.47
$39.44
7.18%
Average List Price
$1,629,830.77
$1,923,499.88
$293,669.11
18.02%
Average List $ / SqFt
$538.47
$589.84
$51.37
9.54%
Average Original List Price
$1,674,376.92
$2,004,250.00
$329,873.08
19.70%
Average Original List $ / SqFt
$556.93
$611.81
$54.88
9.85%
Average Sale Price as % of List Price
103.01%
99.02%
-3.99%
-3.87%
Average Sale Price as % of Original List Price
100.23%
95.71%
-4.52%
-4.51%
Average Sale Price as % of Assessed Price
137.88%
116.95%
-20.93%
-15.18%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 2
2020
2021
Var.
Var. %
Units Listed
107
118
11
10.28%
Units Price Changed
27
34
7
25.93%
Units Went Pending
84
71
-13
-15.48%
Units Sold
79
66
-13
-16.46%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Multi Family
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Rental Listing Inventory on March 2
2020
2021
Var.
Var. %
Listing Units
222
562
340
153.15%
Average Days on Market
59
86
27
45.76%
Average List Price
$3,818.80
$2,968.90
-$849.90
-22.26%
Average List $ / SqFt
$3.88
$23.80
$19.92
513.40%
Approximate Absorption Rate
60.47%
25.33%
-35.14%
-58.11%
Approximate Months Supply of Inventory
1.65
3.95
2.30
139.39%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
245
410
165
67.35%
Average Original List Price
$3,588.64
$3,028.27
-$560.37
-15.62%
Average Original List $ / SqFt
$3.65
$31.32
$27.67
758.08%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
121
214
93
76.86%
Average List Price
$3,288.46
$2,930.15
-$358.31
-10.90%
Average List $ / SqFt
$3.38
$11.49
$8.11
239.94%
Average Days to Offer
42
74
32
76.19%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
38
90
52
136.84%
Average Original List Price
$3,252.37
$2,764.33
-$488.04
-15.01%
Average Original List $ / SqFt
$3.71
$25.88
$22.17
597.57%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
113
195
82
72.57%
Average Days on Market
45
70
25
55.56%
Average Days to Offer
43
68
25
58.14%
Average Sale Price
$3,219.04
$2,843.24
-$375.80
-11.67%
Average Sale $ / SqFt
$3.46
$12.21
$8.75
252.89%
Average List Price
$3,205.70
$2,883.12
-$322.58
-10.06%
Average List $ / SqFt
$3.44
$12.24
$8.80
255.81%
Average Original List Price
$3,249.55
$3,023.66
-$225.89
-6.95%
Average Original List $ / SqFt
$3.49
$13.19
$9.70
277.94%
Average Sale Price as % of List Price
100.62%
99.17%
-1.45%
-1.44%
Average Sale Price as % of Original List Price
99.07%
93.91%
-5.16%
-5.21%
12-Month Activity as of March 2
2020
2021
Var.
Var. %
Units Listed
2257
3659
1402
62.12%
Units Price Changed
631
1692
1061
168.15%
Units Went Pending
1654
1828
174
10.52%
Units Sold
1611
1708
97
6.02%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2021 vs. 2020 As of March 2, 2021 Prepared by Madeline Petrucelli on Tuesday, March 02, 2021
Rental
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF