Cambridge, MA

Cambridge, MA


Cambridge, Massachusetts is located 2.23 miles northwest of downtown Boston, MA on 6.5 square miles of land. Settled in 1630 and incorporated as a city in 1846, Plan E Proportional Representation is the style of governance. With a population of 105,162 residents, the average household size is 2 persons and median household income is $94,100. Of 47,291 total housing units, 35% are owner-occupied, 65% rented and 5% vacant.  Of 858 residential properties sold in 2016; 11% were Single Family, 78% Condominium and 11% Multi-Family. Fiscal year 2017 residential tax rate is 6.49 and the Residential Tax Exemption (for qualified residents) offers annual tax savings of approximately $2,046.

Sources: U.S. Census Bureau 2010-2014; City of Cambridge, MA; MLS Pinergy®

Residential Sales: Cambridge, MA

Year End 2015 – 2016 Comparison of Homes Sold (January 1 – December 31)

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2015595$715,046$625,000105%
YE 2016671$820,501$695,000105%
Single Family
YE 2015112$1,522,675$1,343,500105%
YE 201696$1,750,004$1,452,500104%
Multi-Family
YE 201579$1,292,477$1,150,000102%
YE 201691$1,432,416$1,270,000100%

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2017 Intellectual property of Tamela Roche, all rights reserved.

Residential Inventory: Cambridge, MA

Year End 2015 – 2016 Comparison of Homes Listed for Sale (January 1 – December 31)

YE 2015YE 2016% Change
Condo:706794+ 12 %
Single-Family:158148- 6 %
Multi-Family120116- 3 %

Data Source: MLS Pinergy®
©2017 Intellectual property of Tamela Roche, all rights reserved.


Contact Tamela to schedule a Professional Marketing Consultation for the sale of your home or a Home Buyer Consultation to begin your new home search.  All Clients receive the Residential Market Analysis® by Tamela with comprehensive market data and home sale trends from year end 2004 to 2016.