$600,000
1.20 Acres
Land
•3 Full Baths, 1 Partial
Dillon Bradshaw, Listing Office: RE/MAX Revolution
Is Cambridge, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, IA
How much do homes in Cambridge, IA cost?
Median Sold Price
$243,000
$171/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$16,900(-6.5%)
Key Takeaway
Homes in Cambridge have sold for 6.5% less than they did a month ago.
Summary: The median home sold price in Cambridge was $243,000 in November 2024, down 6.5% from last month, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153K | - | N/A |
| 3 Bedrooms | $247.4K | $243K | -1.8% |
| 4 Bedrooms | $475.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cambridge housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cambridge | $259.9K | $243K | -6.5% |
| Union Township | $259.9K | $243K | -6.5% |
Housing Supply in Cambridge, IA
How many homes are available in Cambridge, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Summary: The Cambridge real estate market had 3 homes for sale in November 2024, a 70.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cambridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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 2 homes were sold or pending in Cambridge in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cambridge, IA
How long does it take to sell a home in Cambridge, IA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 6 Days | -61.3% |
Summary: Homes in Cambridge had an average of 6 days on market in Nov 2024, down by 61.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cambridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
