From 2018 to 2019 in Cambridge, MA average sale prices for Condominiums decreased 1% to $935,272; increased 6% to $2,049,733 for Single Family homes; and increased 18% to $2,114,933 for Multi-Family homes.  Market trends only come into focus when we consider changes over the short term and long term.

Cambridge Condo Sale Price History

  • From 2017 to 2018 the average sale price for Cambridge Condominiums increased 9%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 43%

The Cambridge Condominium average sale price in 2015 was $715,046 and increased significantly in 2019 to $935,272 resulting in the average sale price increase of 31% (current 5-year trend).

Read more about Cambridge MA Condominium Market Statistics

Cambridge Single Family Sale Price History

  • From 2017 to 2018 the average sale price for Cambridge Single Family homes increased 7%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 32.5%

The Cambridge Single Family average sale price in 2015 was $1,522,675 and increased significantly in 2019 to $2,049,733 resulting in the average sale price increase of 35% (current 5-year trend).

Read more about Cambridge MA Single Family Market Statistics

Cambridge Multi-Family Sale Price History

  • From 2017 to 2018 the average sale price for Cambridge Multi-Family homes decreased 3%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 34%

The Cambridge Multi-Family average sale price in 2015 was $1,292,477 and increased significantly in 2019 to $2,114,933 resulting in the average sale price increase of 64% (current 5-year trend).

Read more about Cambridge MA Multi-Family Market Statistics

Average Sale Price Trends

The average sale price trends are just one of several market factors to consider carefully when determining fair market value for the sale of your current home or to purchase a new home.  Every home is unique; sale price trends provide a high-level view of market activity but further analysis about the specific characteristics of a home is needed in order to determine the fair market value.

Tamela Roche, RealtorContact Tamela today to better understand the current and historical market trends for Condominium, Single Family, and Multi-Family homes in Arlington, Belmont, Cambridge, Medford, Somerville, and nearby cities and towns in greater Boston, Massachusetts.

About Tamela Roche, Realtor

 

 

 

©2020 Tamela Roche, all rights reserved.  Data Source:  MLS Property Information Network, Inc.