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. The Fiscal Year 2019 residential tax rate for Cambridge, MA is 5.94%.
Sources: U.S. Census Bureau 2010-2014; City of Cambridge, MA; MLS Pinergy®
Residential Sales: Cambridge, MA
Comparison of Home Sale Prices 2016, 2017, 2018 (January 1 – December 31)
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2016 | 671 | $820,501 | $695,000 | 105% |
| YE 2017 | 610 | $864,971 | $750,000 | 105% |
| YE 2018 | 566 | $941,906 | $784,250 | 103% |
| Single Family | ||||
| YE 2016 | 96 | $1,750,004 | $1,452,500 | 104% |
| YE 2017 | 89 | $1,805,054 | $1,455,000 | 105% |
| YE 2018 | 84 | $1,935,212 | $1,400,000 | 105% |
| Multi-Family | ||||
| YE 2016 | 91 | $1,432,416 | $1,270,000 | 100% |
| YE 2017 | 80 | $1,842,914 | $1,470,000 | 104% |
| YE 2018 | 90 | $1,786,027 | $1,649,000 | 102% |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory: Cambridge, MA
Number of Homes Listed for Sale 2016, 2017, 2018 (January 1 – December 31)
| YE 2016 | YE 2017 | YE 2018 | |
| Condo: | 794 | 685 | 638 |
| Single-Family: | 148 | 122 | 148 |
| Multi-Family | 116 | 110 | 139 |
Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.
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