$5,999,900
9,195 SqFt
14 Beds
•10 Full Baths
#73323438, The Toland Team, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Mid-Cambridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Mid-Cambridge has remained a Seller's Market.
Key Takeaway
Mid-Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mid-Cambridge, MA
How much do homes in Mid-Cambridge, MA cost?
Median Sold Price
$1,130,000
$926/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$100,000(+9.7%)
Key Takeaway
Homes in Mid-Cambridge have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Mid-Cambridge was $1,130,000 in December 2024, up 9.7% from last year, and the median price per square foot was $926.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $582K | $615K | +5.7% |
| 2 Bedrooms | $792.5K | $905K | +14.2% |
| 3 Bedrooms | $1.6M | $1.5M | -5.1% |
| 4 Bedrooms | $2.1M | $1.6M | -21.7% |
| 5+ Bedrooms | $2.7M | $2.4M | -10.1% |
Summary: Mid-Cambridge housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobble Hill / Ward 2 | $927.5K | $1.2M | +31.0% |
| Mid-Cambridge | $1.0M | $1.1M | +9.7% |
Housing Supply in Mid-Cambridge, MA
How many homes are available in Mid-Cambridge, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Mid-Cambridge real estate market had 11 homes for sale in December 2024, a 35.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Mid-Cambridge housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mid-Cambridge, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mid-Cambridge in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Mid-Cambridge, MA
How long does it take to sell a home in Mid-Cambridge, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +7.4% |
Summary: Homes in Mid-Cambridge had an average of 30 days on market in Dec 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mid-Cambridge has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Mid-Cambridge; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
