Cambridge, MA Area Market Review 2021 vs. 2020 As of March 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 2021
Single Family Listing Inventory on March 29
2020
2021
Var.
Var. %
Listing Units
10
11
1
10%
Average Days on Market
87
65
-22
-25.29%
Average List Price
$4,570,040.00
$2,159,709.09
-$2,410,330.91
-52.74%
Average List $ / SqFt
$940.95
$972.84
$31.89
3.39%
Approximate Absorption Rate
86.67%
81.06%
-5.61%
-6.47%
Approximate Months Supply of Inventory
1.15
1.23
0.08
6.96%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
37
29
-8
-21.62%
Average Original List Price
$3,434,499.97
$1,952,134.48
-$1,482,365.49
-43.16%
Average Original List $ / SqFt
$938.67
$846.15
-$92.52
-9.86%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
34
30
-4
-11.76%
Average List Price
$2,726,405.85
$1,930,966.33
-$795,439.52
-29.18%
Average List $ / SqFt
$898.69
$804.41
-$94.28
-10.49%
Average Days to Offer
32
34
2
6.25%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
2
1
-1
-50%
Average Original List Price
$1,392,500.00
$1,699,000.00
$306,500.00
22.01%
Average Original List $ / SqFt
$712.74
$1,132.67
$419.93
58.92%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
16
14
-2
-12.50%
Average Days on Market
56
56
0
0%
Average Days to Offer
39
38
-1
-2.56%
Average Sale Price
$3,035,187.50
$1,820,857.14
-$1,214,330.36
-40.01%
Average Sale $ / SqFt
$888.03
$814.69
-$73.34
-8.26%
Average List Price
$3,000,625.00
$1,883,999.29
-$1,116,625.71
-37.21%
Average List $ / SqFt
$859.87
$841.46
-$18.41
-2.14%
Average Original List Price
$3,096,687.50
$1,945,420.71
-$1,151,266.79
-37.18%
Average Original List $ / SqFt
$884.45
$858.13
-$26.32
-2.98%
Average Sale Price as % of List Price
103.70%
97.45%
-6.25%
-6.03%
Average Sale Price as % of Original List Price
100.95%
95.78%
-5.17%
-5.12%
Average Sale Price as % of Assessed Price
136.32%
352.02%
215.70%
158.23%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 29
2020
2021
Var.
Var. %
Units Listed
145
179
34
23.45%
Units Price Changed
29
41
12
41.38%
Units Went Pending
125
141
16
12.80%
Units Sold
104
107
3
2.88%
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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 2021
Condominium Listing Inventory on March 29
2020
2021
Var.
Var. %
Listing Units
36
81
45
125%
Average Days on Market
43
87
44
102.33%
Average List Price
$1,220,113.86
$1,287,977.75
$67,863.89
5.56%
Average List $ / SqFt
$940.82
$904.71
-$36.11
-3.84%
Approximate Absorption Rate
129.17%
57.20%
-71.97%
-55.72%
Approximate Months Supply of Inventory
0.77
1.75
0.98
127.27%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
153
189
36
23.53%
Average Original List Price
$1,100,507.50
$1,014,974.05
-$85,533.45
-7.77%
Average Original List $ / SqFt
$880.64
$840.79
-$39.85
-4.53%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
127
178
51
40.16%
Average List Price
$1,048,320.07
$1,004,683.13
-$43,636.94
-4.16%
Average List $ / SqFt
$846.09
$844.21
-$1.88
-0.22%
Average Days to Offer
32
36
4
12.50%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
11
21
10
90.91%
Average Original List Price
$811,072.73
$972,033.33
$160,960.60
19.85%
Average Original List $ / SqFt
$922.08
$834.00
-$88.08
-9.55%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
72
105
33
45.83%
Average Days on Market
58
62
4
6.90%
Average Days to Offer
42
48
6
14.29%
Average Sale Price
$988,791.85
$843,171.43
-$145,620.42
-14.73%
Average Sale $ / SqFt
$836.00
$846.44
$10.44
1.25%
Average List Price
$976,876.38
$836,475.97
-$140,400.41
-14.37%
Average List $ / SqFt
$821.63
$843.10
$21.47
2.61%
Average Original List Price
$996,026.38
$848,899.65
-$147,126.73
-14.77%
Average Original List $ / SqFt
$833.08
$856.38
$23.30
2.80%
Average Sale Price as % of List Price
101.88%
100.45%
-1.43%
-1.40%
Average Sale Price as % of Original List Price
100.59%
98.99%
-1.60%
-1.59%
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 29
2020
2021
Var.
Var. %
Units Listed
691
825
134
19.39%
Units Price Changed
160
224
64
40%
Units Went Pending
619
634
15
2.42%
Units Sold
558
556
-2
-0.36%
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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 2021
Multi Family Listing Inventory on March 29
2020
2021
Var.
Var. %
Listing Units
8
16
8
100%
Average Days on Market
50
66
16
32%
Average List Price
$2,076,737.50
$2,827,312.44
$750,574.94
36.14%
Average List $ / SqFt
$713.69
$674.08
-$39.61
-5.55%
Approximate Absorption Rate
81.25%
33.85%
-47.40%
-58.34%
Approximate Months Supply of Inventory
1.23
2.95
1.72
139.84%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
23
23
0
0%
Average Original List Price
$2,730,300.00
$3,450,039.09
$719,739.09
26.36%
Average Original List $ / SqFt
$657.05
$657.76
$0.71
0.11%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
11
13
2
18.18%
Average List Price
$2,874,454.55
$2,629,615.38
-$244,839.17
-8.52%
Average List $ / SqFt
$528.55
$540.75
$12.20
2.31%
Average Days to Offer
19
45
26
136.84%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
2
9
7
350%
Average Original List Price
$1,790,000.00
$3,146,444.33
$1,356,444.33
75.78%
Average Original List $ / SqFt
$713.12
$679.43
-$33.69
-4.72%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
15
10
-5
-33.33%
Average Days on Market
28
65
37
132.14%
Average Days to Offer
21
43
22
104.76%
Average Sale Price
$1,724,850.00
$1,808,500.00
$83,650.00
4.85%
Average Sale $ / SqFt
$564.72
$593.23
$28.51
5.05%
Average List Price
$1,644,120.00
$1,818,699.90
$174,579.90
10.62%
Average List $ / SqFt
$543.00
$593.53
$50.53
9.31%
Average Original List Price
$1,682,126.67
$1,883,300.00
$201,173.33
11.96%
Average Original List $ / SqFt
$558.78
$611.11
$52.33
9.37%
Average Sale Price as % of List Price
105.06%
99.38%
-5.68%
-5.41%
Average Sale Price as % of Original List Price
102.71%
96.73%
-5.98%
-5.82%
Average Sale Price as % of Assessed Price
136%
116.88%
-19.12%
-14.06%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of March 29
2020
2021
Var.
Var. %
Units Listed
103
123
20
19.42%
Units Price Changed
22
36
14
63.64%
Units Went Pending
85
75
-10
-11.76%
Units Sold
78
65
-13
-16.67%
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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 2021
Rental Listing Inventory on March 29
2020
2021
Var.
Var. %
Listing Units
306
640
334
109.15%
Average Days on Market
50
77
27
54%
Average List Price
$3,641.61
$3,197.79
-$443.82
-12.19%
Average List $ / SqFt
$3.94
$21.41
$17.47
443.40%
Approximate Absorption Rate
43.16%
22.92%
-20.24%
-46.90%
Approximate Months Supply of Inventory
2.32
4.36
2.04
87.93%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
459
713
254
55.34%
Average Original List Price
$3,490.86
$3,174.22
-$316.64
-9.07%
Average Original List $ / SqFt
$3.71
$19.47
$15.76
424.80%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
202
366
164
81.19%
Average List Price
$3,284.74
$2,843.42
-$441.32
-13.44%
Average List $ / SqFt
$3.42
$8.03
$4.61
134.80%
Average Days to Offer
38
72
34
89.47%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
80
154
74
92.50%
Average Original List Price
$3,541.88
$2,942.34
-$599.54
-16.93%
Average Original List $ / SqFt
$3.86
$16.88
$13.02
337.31%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
178
308
130
73.03%
Average Days on Market
43
68
25
58.14%
Average Days to Offer
41
67
26
63.41%
Average Sale Price
$3,252.75
$2,771.63
-$481.12
-14.79%
Average Sale $ / SqFt
$3.41
$8.84
$5.43
159.24%
Average List Price
$3,249.49
$2,802.05
-$447.44
-13.77%
Average List $ / SqFt
$3.40
$8.86
$5.46
160.59%
Average Original List Price
$3,302.04
$2,922.12
-$379.92
-11.51%
Average Original List $ / SqFt
$3.46
$9.50
$6.04
174.57%
Average Sale Price as % of List Price
100.27%
99.30%
-0.97%
-0.97%
Average Sale Price as % of Original List Price
98.65%
94.78%
-3.87%
-3.92%
12-Month Activity as of March 29
2020
2021
Var.
Var. %
Units Listed
2301
3741
1440
62.58%
Units Price Changed
633
1660
1027
162.24%
Units Went Pending
1628
1900
272
16.71%
Units Sold
1585
1760
175
11.04%
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 29, 2021 Prepared by Madeline Petrucelli on Monday, March 29, 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