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

# SoldAvg. Sale $Median Sale $SP:OP
YE 2016671$820,501$695,000105%
YE 2017610$864,971$750,000105%
YTD 2018405$962,775$789,000104%
Single Family
YE 201696$1,750,004$1,452,500104%
YE 201789$1,805,054$1,455,000105%
YTD 201862$1,822,327$1,417,500106%
YE 201691$1,432,416$1,270,000100%
YE 201780$1,842,914$1,470,000104%
YTD 201862$1,851,127$1,800,500105%

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 2016YE 2017% Change
Condo:794685- 14 %
Single-Family:148122- 18 %
Multi-Family116110- 5 %

Data Source: MLS Pinergy®
©2018 Intellectual property of Tamela Roche, all rights reserved.

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