Location & Governance

Cambridge, Massachusetts is located 2.23 miles northwest of downtown Boston and comprises 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.

Housing Overview

With a population of 105,162 residents, the average household size is 2 persons and the median household income is $94,100.  Of 47,291 total housing units, 35% are owner-occupied, 65% are rented and 5% are vacant.  The Fiscal Year 2021 residential tax rate for Cambridge, MA is 5.85%.

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

Residential Sales 2019 – 2021:  Cambridge, MA

The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes sold in Cambridge, MA in 2019, 2020, and the first quarter of 2021.

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2019571$935,272$789,000101%
YE 2020523$995,405$820,000100%
Q1 2021118$886,346$751,50099%
Single Family
YE 2019102$2,049,733$1,548,000103%
YE 2020109$2,207,610$1,700,000100%
Q1 202115$1,764,800$1,525,00095%
Multi-Family
YE 201982$2,114,933$1,700,25098%
YE 202070$1,973,961$1,741,00099%
Q1 202111$1,746,818$1,485,00099%

SP:OP = Sales Price to Original Price Ratio.  Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.

Residential Inventory 2019 – 2020:  Cambridge, MA

The statistics below provide a comparison of Condominium, Single Family, and Multi-Family homes listed for sale in 2019 and 2020 in Cambridge, MA.

YE 2019YE 2020
Condo:713789
Single-Family:143188
Multi-Family101123

Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.


Tamela Roche, RealtorContact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to begin your new home search.  All Clients receive the Residential Market Analysis by Tamela with comprehensive market data and historical home sale trends.