Cambridge, MA Area Market Review 2021 vs. 2020 As of January 20, 2021 Prepared by Nicole Ginarte on Wednesday, January 20, 2021
Single Family Listing Inventory on January 20
2020
2021
Var.
Var. %
Listing Units
9
14
5
55.56%
Average Days on Market
68
80
12
17.65%
Average List Price
$1,819,866.67
$2,344,992.86
$525,126.19
28.86%
Average List $ / SqFt
$887.66
$872.79
-$14.87
-1.68%
Approximate Absorption Rate
91.67%
64.29%
-27.38%
-29.87%
Approximate Months Supply of Inventory
1.09
1.56
0.47
43.12%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
7
2
-5
-71.43%
Average Original List Price
$1,742,000.00
$1,986,500.00
$244,500.00
14.04%
Average Original List $ / SqFt
$746.78
$829.03
$82.25
11.01%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
4
2
-2
-50%
Average List Price
$1,828,750.00
$1,912,495.00
$83,745.00
4.58%
Average List $ / SqFt
$832.07
$965.02
$132.95
15.98%
Average Days to Offer
64
33
-31
-48.44%
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)
3
2
-1
-33.33%
Average Days on Market
39
32
-7
-17.95%
Average Days to Offer
33
24
-9
-27.27%
Average Sale Price
$1,280,000.00
$1,180,000.00
-$100,000.00
-7.81%
Average Sale $ / SqFt
$694.43
$590.85
-$103.58
-14.92%
Average List Price
$1,304,333.33
$1,174,500.00
-$129,833.33
-9.95%
Average List $ / SqFt
$697.28
$595.28
-$102.00
-14.63%
Average Original List Price
$1,371,000.00
$1,199,450.00
-$171,550.00
-12.51%
Average Original List $ / SqFt
$730.91
$613.16
-$117.75
-16.11%
Average Sale Price as % of List Price
97.90%
99.35%
1.45%
1.48%
Average Sale Price as % of Original List Price
93.27%
96.71%
3.44%
3.69%
Average Sale Price as % of Assessed Price
118.38%
105.21%
-13.17%
-11.13%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of January 20
2020
2021
Var.
Var. %
Units Listed
147
184
37
25.17%
Units Price Changed
33
47
14
42.42%
Units Went Pending
121
141
20
16.53%
Units Sold
99
108
9
9.09%
Trend
Trend
Trend
Trend
Trend
Trend
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Cambridge, MA Area Market Review 2021 vs. 2020 As of January 20, 2021 Prepared by Nicole Ginarte on Wednesday, January 20, 2021
Condominium Listing Inventory on January 20
2020
2021
Var.
Var. %
Listing Units
39
77
38
97.44%
Average Days on Market
50
101
51
102%
Average List Price
$981,847.41
$1,161,550.64
$179,703.23
18.30%
Average List $ / SqFt
$919.40
$890.02
-$29.38
-3.20%
Approximate Absorption Rate
122.86%
55.74%
-67.12%
-54.63%
Approximate Months Supply of Inventory
0.81
1.79
0.98
120.99%
Listed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Taken)
29
20
-9
-31.03%
Average Original List Price
$883,005.17
$1,014,239.95
$131,234.78
14.86%
Average Original List $ / SqFt
$902.44
$874.43
-$28.01
-3.10%
Went Pending (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Went Pending)
14
24
10
71.43%
Average List Price
$1,066,114.29
$1,135,670.83
$69,556.54
6.52%
Average List $ / SqFt
$734.38
$919.31
$184.93
25.18%
Average Days to Offer
81
59
-22
-27.16%
Listed & Price Changed (Year to Date)
2020
2021
Var.
Var. %
Listing Units (Price Changed)
1
0
-1
-100%
Average Original List Price
$685,000.00
$0.00
-$685,000.00
-100%
Average Original List $ / SqFt
$971.63
$0.00
-$971.63
-100%
Sold (Year to Date)
2020
2021
Var.
Var. %
Closed Units (Sold)
18
11
-7
-38.89%
Average Days on Market
47
72
25
53.19%
Average Days to Offer
34
65
31
91.18%
Average Sale Price
$844,583.33
$647,818.18
-$196,765.15
-23.30%
Average Sale $ / SqFt
$801.71
$839.03
$37.32
4.66%
Average List Price
$832,033.33
$643,936.36
-$188,096.97
-22.61%
Average List $ / SqFt
$789.20
$833.57
$44.37
5.62%
Average Original List Price
$839,483.33
$661,981.82
-$177,501.51
-21.14%
Average Original List $ / SqFt
$796.49
$863.17
$66.68
8.37%
Average Sale Price as % of List Price
101.57%
100.95%
-0.62%
-0.61%
Average Sale Price as % of Original List Price
100.58%
97.91%
-2.67%
-2.65%
Average Sale Price as % of Assessed Price
N/A
7,353.60%
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 January 20
2020
2021
Var.
Var. %
Units Listed
720
780
60
8.33%
Units Price Changed
176
225
49
27.84%
Units Went Pending
628
591
-37
-5.89%
Units Sold
575
515
-60
-10.43%
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 January 20, 2021 Prepared by Nicole Ginarte on Wednesday, January 20, 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 January 20, 2021 Prepared by Nicole Ginarte on Wednesday, January 20, 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