$10,000 Closing Credit*
$875,000
986 SqFt
2 Beds
•2 Full Baths
#73319414, Anthony Zarbano, Listing Office: Regatta Realty
Is East Cambridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East Cambridge was a Seller's Market.
Key Takeaway
East Cambridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Cambridge, MA
How much do homes in East Cambridge, MA cost?
Median Sold Price
$978,000
$938/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,000(+8.1%)
Key Takeaway
Homes in East Cambridge have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in East Cambridge was $978,000 in November 2024, up 8.1% from last year, and the median price per square foot was $938.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $769K | $765K | -0.5% |
| 2 Bedrooms | $950.5K | $981.5K | +3.3% |
| 3 Bedrooms | $1.3M | $1.3M | -3.3% |
| 4 Bedrooms | $2.0M | $2.0M | +3.8% |
| 5+ Bedrooms | $1.9M | $1.9M | -1.3% |
Summary: East Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| East Cambridge | $905K | $978K | +8.1% |
| Charlestown | $930K | $940K | +1.1% |
Housing Supply in East Cambridge, MA
How many homes are available in East Cambridge, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The East Cambridge real estate market had 34 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Cambridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Cambridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in East Cambridge in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Cambridge, MA
How long does it take to sell a home in East Cambridge, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +6.3% |
Summary: Homes in East Cambridge had an average of 28 days on market in Nov 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in East Cambridge; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
