$7,124 Closing Credit*
$599,900
954 SqFt
1 Bed
•1 Full Bath
#73316931, Homexe Team, Listing Office: Cameron Prestige, LLC
Is Mid-Cambridge, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,237,500
$922/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$237,500(+23.8%)
Key Takeaway
Homes in Mid-Cambridge have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Mid-Cambridge was $1,237,500 in November 2024, up 23.8% from last year, and the median price per square foot was $922.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $570K | $620K | +8.8% |
| 2 Bedrooms | $792.5K | $975K | +23.0% |
| 3 Bedrooms | $1.6M | $1.6M | -0.2% |
| 4 Bedrooms | $2.1M | $1.6M | -19.7% |
| 5+ Bedrooms | $2.7M | $2.7M | +2.0% |
Summary: Mid-Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Agassiz | $1.4M | $1.9M | +33.3% |
| Cobble Hill / Ward 2 | $930K | $1.2M | +31.5% |
| Mid-Cambridge | $1.0M | $1.2M | +23.8% |
Housing Supply in Mid-Cambridge, MA
How many homes are available in Mid-Cambridge, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Mid-Cambridge real estate market had 21 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mid-Cambridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mid-Cambridge in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 35 Days | -26.8% |
Summary: Homes in Mid-Cambridge had an average of 35 days on market in Nov 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 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 November 2024, 7 homes were sold in Mid-Cambridge; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
