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 2018 residential tax rate is 6.29% and the Residential Tax Exemption (for qualified residents) offers annual tax savings of approximately $2,132.
Sources: U.S. Census Bureau 2010-2014; City of Cambridge, MA; MLS Pinergy®
Residential Sales: Cambridge, MA
Comparison of Homes Sold
Year End 2016 & 2017 (January 1 – December 31) and 2018 Year To Date as of September 30, 2018
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2016 | 671 | $820,501 | $695,000 | 105% |
| YE 2017 | 610 | $864,971 | $750,000 | 105% |
| YTD 2018 | 405 | $962,775 | $789,000 | 104% |
| Single Family | ||||
| YE 2016 | 96 | $1,750,004 | $1,452,500 | 104% |
| YE 2017 | 89 | $1,805,054 | $1,455,000 | 105% |
| YTD 2018 | 62 | $1,822,327 | $1,417,500 | 106% |
| Multi-Family | ||||
| YE 2016 | 91 | $1,432,416 | $1,270,000 | 100% |
| YE 2017 | 80 | $1,842,914 | $1,470,000 | 104% |
| YTD 2018 | 62 | $1,851,127 | $1,800,500 | 105% |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory: Cambridge, MA
Year End 2016 – 2017 Comparison of Homes Listed for Sale (January 1 – December 31)
| YE 2016 | YE 2017 | % Change | |
| Condo: | 794 | 685 | - 14 % |
| Single-Family: | 148 | 122 | - 18 % |
| Multi-Family | 116 | 110 | - 5 % |
Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.
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