Cambridge, MA Area Market Review 2021 vs. 2020 As of February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 2021
Single Family Listing Inventory on February 16
2020
2021
Var.
Var. %
Listing Units
11
6
-5
-45.45%
Average Days on Market
64
97
33
51.56%
Average List Price
$4,617,536.27
$2,253,150.00
-$2,364,386.27
-51.20%
Average List $ / SqFt
$1,095.82
$904.46
-$191.36
-17.46%
Approximate Absorption Rate
76.52%
152.78%
76.26%
99.66%
Approximate Months Supply of Inventory
1.31
0.65
-0.66
-50.38%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
16
6
-10
-62.50%
Average Original List Price
$4,591,062.44
$1,758,833.33
-$2,832,229.11
-61.69%
Average Original List $ / SqFt
$1,015.01
$804.83
-$210.18
-20.71%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
14
14
0
0%
Average List Price
$3,134,064.29
$2,068,999.29
-$1,065,065.00
-33.98%
Average List $ / SqFt
$859.06
$846.43
-$12.63
-1.47%
Average Days to Offer
52
54
2
3.85%
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)
6
7
1
16.67%
Average Days on Market
50
31
-19
-38%
Average Days to Offer
42
21
-21
-50%
Average Sale Price
$1,815,833.33
$1,544,142.86
-$271,690.47
-14.96%
Average Sale $ / SqFt
$729.29
$822.81
$93.52
12.82%
Average List Price
$1,713,500.00
$1,595,998.57
-$117,501.43
-6.86%
Average List $ / SqFt
$683.49
$856.10
$172.61
25.25%
Average Original List Price
$1,834,666.67
$1,603,127.14
-$231,539.53
-12.62%
Average Original List $ / SqFt
$719.90
$861.20
$141.30
19.63%
Average Sale Price as % of List Price
105.96%
96.57%
-9.39%
-8.86%
Average Sale Price as % of Original List Price
101.19%
95.81%
-5.38%
-5.32%
Average Sale Price as % of Assessed Price
126.02%
569.27%
443.25%
351.73%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of February 16
2020
2021
Var.
Var. %
Units Listed
143
178
35
24.48%
Units Price Changed
30
45
15
50%
Units Went Pending
120
144
24
20%
Units Sold
101
110
9
8.91%
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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 2021
Condominium Listing Inventory on February 16
2020
2021
Var.
Var. %
Listing Units
39
83
44
112.82%
Average Days on Market
37
92
55
148.65%
Average List Price
$1,257,069.23
$1,198,109.60
-$58,959.63
-4.69%
Average List $ / SqFt
$931.73
$918.05
-$13.68
-1.47%
Approximate Absorption Rate
121.15%
53.31%
-67.84%
-56%
Approximate Months Supply of Inventory
0.83
1.88
1.05
126.51%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
76
77
1
1.32%
Average Original List Price
$1,143,511.18
$1,102,363.60
-$41,147.58
-3.60%
Average Original List $ / SqFt
$895.56
$861.03
-$34.53
-3.86%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
57
71
14
24.56%
Average List Price
$1,114,559.65
$1,204,500.00
$89,940.35
8.07%
Average List $ / SqFt
$845.11
$874.09
$28.98
3.43%
Average Days to Offer
47
47
0
0%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
3
7
4
133.33%
Average Original List Price
$686,333.33
$910,985.71
$224,652.38
32.73%
Average Original List $ / SqFt
$907.84
$819.26
-$88.58
-9.76%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
29
37
8
27.59%
Average Days on Market
59
63
4
6.78%
Average Days to Offer
34
53
19
55.88%
Average Sale Price
$972,860.34
$715,983.78
-$256,876.56
-26.40%
Average Sale $ / SqFt
$797.80
$830.31
$32.51
4.07%
Average List Price
$969,500.00
$715,283.16
-$254,216.84
-26.22%
Average List $ / SqFt
$791.12
$831.44
$40.32
5.10%
Average Original List Price
$990,882.76
$731,845.27
-$259,037.49
-26.14%
Average Original List $ / SqFt
$805.09
$853.38
$48.29
6%
Average Sale Price as % of List Price
101.05%
100.28%
-0.77%
-0.76%
Average Sale Price as % of Original List Price
99.47%
97.88%
-1.59%
-1.60%
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 February 16
2020
2021
Var.
Var. %
Units Listed
716
790
74
10.34%
Units Price Changed
172
222
50
29.07%
Units Went Pending
628
597
-31
-4.94%
Units Sold
567
531
-36
-6.35%
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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 2021
Multi Family Listing Inventory on February 16
2020
2021
Var.
Var. %
Listing Units
4
12
8
200%
Average Days on Market
40
82
42
105%
Average List Price
$4,971,250.00
$3,879,166.58
-$1,092,083.42
-21.97%
Average List $ / SqFt
$911.51
$740.23
-$171.28
-18.79%
Approximate Absorption Rate
160.42%
47.22%
-113.20%
-70.56%
Approximate Months Supply of Inventory
0.62
2.12
1.50
241.94%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
7
8
1
14.29%
Average Original List Price
$4,235,714.29
$4,896,374.88
$660,660.59
15.60%
Average Original List $ / SqFt
$692.22
$699.06
$6.84
0.99%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
5
4
-1
-20%
Average List Price
$3,824,800.00
$1,704,000.00
-$2,120,800.00
-55.45%
Average List $ / SqFt
$442.68
$518.05
$75.37
17.03%
Average Days to Offer
30
35
5
16.67%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
1
4
3
300%
Average Original List Price
$1,190,000.00
$3,305,999.75
$2,115,999.75
177.82%
Average Original List $ / SqFt
$434.94
$583.56
$148.62
34.17%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
9
7
-2
-22.22%
Average Days on Market
41
53
12
29.27%
Average Days to Offer
30
35
5
16.67%
Average Sale Price
$1,578,500.00
$1,634,285.71
$55,785.71
3.53%
Average Sale $ / SqFt
$577.24
$592.27
$15.03
2.60%
Average List Price
$1,601,644.44
$1,626,857.14
$25,212.70
1.57%
Average List $ / SqFt
$585.73
$590.16
$4.43
0.76%
Average Original List Price
$1,665,988.89
$1,677,000.00
$11,011.11
0.66%
Average Original List $ / SqFt
$612.39
$609.09
-$3.30
-0.54%
Average Sale Price as % of List Price
98.50%
99.50%
1%
1.02%
Average Sale Price as % of Original List Price
94.49%
96.66%
2.17%
2.30%
Average Sale Price as % of Assessed Price
142.02%
117.74%
-24.28%
-17.10%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of February 16
2020
2021
Var.
Var. %
Units Listed
102
124
22
21.57%
Units Price Changed
26
38
12
46.15%
Units Went Pending
86
71
-15
-17.44%
Units Sold
77
68
-9
-11.69%
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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 2021
Rental Listing Inventory on February 16
2020
2021
Var.
Var. %
Listing Units
205
570
365
178.05%
Average Days on Market
68
91
23
33.82%
Average List Price
$3,755.16
$2,907.62
-$847.54
-22.57%
Average List $ / SqFt
$3.72
$26.79
$23.07
620.16%
Approximate Absorption Rate
66.06%
24.80%
-41.26%
-62.46%
Approximate Months Supply of Inventory
1.51
4.03
2.52
166.89%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
161
299
138
85.71%
Average Original List Price
$3,507.73
$2,917.95
-$589.78
-16.81%
Average Original List $ / SqFt
$3.54
$41.30
$37.76
1,066.67%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
84
154
70
83.33%
Average List Price
$3,239.63
$2,836.97
-$402.66
-12.43%
Average List $ / SqFt
$3.48
$14.80
$11.32
325.29%
Average Days to Offer
45
69
24
53.33%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
21
66
45
214.29%
Average Original List Price
$3,289.05
$2,755.45
-$533.60
-16.22%
Average Original List $ / SqFt
$3.86
$34.59
$30.73
796.11%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
79
152
73
92.41%
Average Days on Market
48
67
19
39.58%
Average Days to Offer
46
66
20
43.48%
Average Sale Price
$3,122.23
$2,926.72
-$195.51
-6.26%
Average Sale $ / SqFt
$3.62
$14.88
$11.26
311.05%
Average List Price
$3,096.82
$2,968.31
-$128.51
-4.15%
Average List $ / SqFt
$3.59
$14.91
$11.32
315.32%
Average Original List Price
$3,158.28
$3,117.72
-$40.56
-1.28%
Average Original List $ / SqFt
$3.66
$16.08
$12.42
339.34%
Average Sale Price as % of List Price
100.79%
99.26%
-1.53%
-1.52%
Average Sale Price as % of Original List Price
98.62%
93.84%
-4.78%
-4.85%
12-Month Activity as of February 16
2020
2021
Var.
Var. %
Units Listed
2257
3626
1369
60.66%
Units Price Changed
643
1689
1046
162.67%
Units Went Pending
1661
1803
142
8.55%
Units Sold
1625
1696
71
4.37%
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 February 16, 2021 Prepared by Madeline Petrucelli on Tuesday, February 16, 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