Is Cambridge, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cambridge has remained a Seller's Market.
Key Takeaway
Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge, OH
How much do homes in Cambridge, OH cost?
Median Sold Price
$163,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cambridge have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Cambridge was $163,000 in May 2024, up 12.4% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | $37.5K | +4.2% |
| 2 Bedrooms | $99.3K | $117K | +17.7% |
| 3 Bedrooms | $147.2K | $169.2K | +14.9% |
| 4 Bedrooms | $177.5K | $165K | -7.0% |
| 5+ Bedrooms | $90.7K | $225K | +147.8% |
Summary: Cambridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 147.8%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $145K | $163K | +12.4% |
| Cambridge Township | $145K | $163K | +12.4% |
| Jackson Township | $160K | $159.9K | -0.1% |
Housing Supply in Cambridge, OH
How many homes are available in Cambridge, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 94 | +11.9% |
Summary: The Cambridge real estate market had 94 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 52 | 61 | +17.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cambridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Cambridge in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.
Days on Market for Cambridge, OH
How long does it take to sell a home in Cambridge, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 55 Days | -31.8% |
Summary: Homes in Cambridge had an average of 55 days on market in May 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cambridge has remained consistent over time.
Summary: During May 2024, 22 homes were sold in Cambridge; 23% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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