Cambridge, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Single Family Listing Inventory on September 16
2019
2020
Var.
Var. %
Listing Units
18
20
2
11.11%
Median Days on Market
23
34
11
47.83%
Median List Price
$2,625,000.00
$1,895,000.00
-$730,000.00
-27.81%
Median List $ / SqFt
$891.73
$852.05
-$39.68
-4.45%
Approximate Absorption Rate
43.06%
40.00%
-3.06%
-7.11%
Approximate Months Supply of Inventory
2.32
2.50
0.18
7.76%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
113
132
19
16.81%
Median Original List Price
$1,700,000.00
$1,862,500.00
$162,500.00
9.56%
Median Original List $ / SqFt
$809.41
$844.43
$35.02
4.33%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
87
102
15
17.24%
Median List Price
$1,550,000.00
$1,800,000.00
$250,000.00
16.13%
Median List $ / SqFt
$771.84
$834.83
$62.99
8.16%
Median Days to Offer
9
8
-1
-11.11%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
25
30
5
20%
Median Original List Price
$1,775,000.00
$1,972,500.00
$197,500.00
11.13%
Median Original List $ / SqFt
$838.00
$864.30
$26.30
3.14%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
70
63
-7
-10%
Median Days on Market
15
15
0
0%
Median Days to Offer
9
8
-1
-11.11%
Median Sale Price
$1,722,500.50
$1,748,000.00
$25,499.50
1.48%
Median Sale $ / SqFt
$815.84
$869.03
$53.19
6.52%
Median List Price
$1,595,000.00
$1,600,000.00
$5,000.00
0.31%
Median List $ / SqFt
$768.51
$810.81
$42.30
5.50%
Median Original List Price
$1,649,500.00
$1,650,000.00
$500.00
0.03%
Median Original List $ / SqFt
$788.97
$832.04
$43.07
5.46%
Median Sale Price as % of List Price
100.68%
100%
-0.68%
-0.68%
Median Sale Price as % of Original List Price
100.68%
100%
-0.68%
-0.68%
Median Sale Price as % of Assessed Price
135.57%
128.77%
-6.80%
-5.02%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of September 16
2019
2020
Var.
Var. %
Units Listed
146
162
16
10.96%
Units Price Changed
36
37
1
2.78%
Units Went Pending
117
133
16
13.68%
Units Sold
93
96
3
3.23%
Trend
Trend
Trend
Trend
Trend
Trend
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Cambridge, MA Area Market Review 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
Condominium Listing Inventory on September 16
2019
2020
Var.
Var. %
Listing Units
91
109
18
19.78%
Median Days on Market
32
37
5
15.63%
Median List Price
$829,000.00
$835,000.00
$6,000.00
0.72%
Median List $ / SqFt
$819.80
$862.00
$42.20
5.15%
Approximate Absorption Rate
55.77%
36.70%
-19.07%
-34.19%
Approximate Months Supply of Inventory
1.79
2.73
0.94
52.51%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
606
553
-53
-8.75%
Median Original List Price
$779,000.00
$839,000.00
$60,000.00
7.70%
Median Original List $ / SqFt
$806.18
$852.64
$46.46
5.76%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
521
400
-121
-23.22%
Median List Price
$759,000.00
$806,750.00
$47,750.00
6.29%
Median List $ / SqFt
$804.75
$822.38
$17.63
2.19%
Median Days to Offer
8
9
1
12.50%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
119
135
16
13.45%
Median Original List Price
$879,000.00
$949,900.00
$70,900.00
8.07%
Median Original List $ / SqFt
$820.93
$873.68
$52.75
6.43%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
431
335
-96
-22.27%
Median Days on Market
19
19
0
0%
Median Days to Offer
7
9
2
28.57%
Median Sale Price
$798,000.00
$806,000.00
$8,000.00
1%
Median Sale $ / SqFt
$821.47
$835.95
$14.48
1.76%
Median List Price
$775,000.00
$799,000.00
$24,000.00
3.10%
Median List $ / SqFt
$785.33
$821.46
$36.13
4.60%
Median Original List Price
$778,000.00
$799,000.00
$21,000.00
2.70%
Median Original List $ / SqFt
$789.96
$837.33
$47.37
6%
Median Sale Price as % of List Price
100.51%
100%
-0.51%
-0.51%
Median Sale Price as % of Original List Price
100.66%
100%
-0.66%
-0.66%
Median 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
1
0
-1
-100%
12-Month Activity as of September 16
2019
2020
Var.
Var. %
Units Listed
743
662
-81
-10.90%
Units Price Changed
159
167
8
5.03%
Units Went Pending
653
533
-120
-18.38%
Units Sold
609
480
-129
-21.18%
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 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
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 2020 vs. 2019 As of September 16, 2020 Prepared by Colleen Barry on Wednesday, September 16, 2020
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