Home Sale Prices Cambridge MA:  2019 – 2022

Comparison of market statistics for residential Condominium, Single Family, and Multi-Family homes sold in Cambridge, MA from 2019 to 2022.

Property Type# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2019571$935,272$789,000101%
YE 2020524$1,001,568$820,000100%
YE 2021741$987,707$825,000101%
YTD 8-31-21499$973,669$820,000101%
YTD 8-31-22432$1,142,895$945,750103%
Single Family
YE 2019102$2,049,733$1,548,000103%
YE 2020108$2,188,930$1,681,000100%
YE 2021148$2,124,383$1,800,000105%
YTD 8-31-2198$2,062,691$1,800,000104%
YTD 8-31-2272$2,525,678$1,897,500107%
Multi-Family
YE 201982$2,114,933$1,700,25098%
YE 202070$1,973,961$1,741,00099%
YE 202184$2,115,204$1,717,50099%
YTD 8-31-2144$1,989,027$1,679,500101%
YTD 8-31-2272$2,221,301$1,887,50098%

KEY:  YE = Year End    YTD = Year To Date    SP:OP = Sales Price to Original Price Ratio
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved

Housing Inventory Cambridge MA:  2019 – 2022

Comparison of the total number of residential Condominium, Single Family, and Multi-Family homes listed for sale in Cambridge, MA from 2019 to 2022.

Property TypeYE 2019YE 2020YE 2021YTD 8-31 2021YTD 8-31 2022
Condo:713789865606590
Single-Family:143185197129124
Multi-Family10112314988101

KEY:  YE = Year End    YTD = Year To Date
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved

Location & Governance

Cambridge, Massachusetts is located 2.23 miles northwest of downtown Boston and comprises 6.5 square miles of land.  Cambridge zip codes include 02138, 02139, 02140, 02141, 02142, and 02163.

Settled in 1630 and incorporated as a city in 1846;  “Plan E Proportional Representation” is the style of governance.

Residential Taxes

The Fiscal Year 2022 residential tax rate for Cambridge, MA is 5.92%.  Residential Taxes in Massachusetts

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.

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

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Tamela Roche

Contact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to purchase a new home in Cambridge, MA.

Clients also receive my Residential Market Analysis with comprehensive market data and historical home sale trends for Cambridge and surrounding cities and towns.