$8,491 Closing Credit*
$715,000
936 SqFt
1 Bed
•1 Full Bath
#73312618, Darin Thompson, Listing Office: Stuart St James, Inc.
Is West 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, West Cambridge has remained a Seller's Market.
Key Takeaway
West Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Cambridge, MA
How much do homes in West Cambridge, MA cost?
Median Sold Price
$1,455,000
$888/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$330,000(-18.5%)
Key Takeaway
Homes in West Cambridge have sold for 18.5% less than they did a year ago.
Summary: The median home sold price in West Cambridge was $1,455,000 in November 2024, down 18.5% from last year, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $680K | +11.5% |
| 2 Bedrooms | $962.5K | $979.5K | +1.8% |
| 3 Bedrooms | $1.7M | $1.3M | -25.4% |
| 4 Bedrooms | $2.6M | $1.9M | -28.8% |
| 5+ Bedrooms | $2.7M | $2.2M | -17.9% |
Summary: West Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes decreased by 28.8%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Peabody | $1.0M | $925K | -7.7% |
| Lower Allston | $812.5K | $736K | -9.4% |
| West Cambridge | $1.7M | $1.4M | -18.5% |
Housing Supply in West Cambridge, MA
How many homes are available in West Cambridge, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The West Cambridge real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The West 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 14.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Cambridge, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in West Cambridge in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for West Cambridge, MA
How long does it take to sell a home in West Cambridge, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 19 Days | -61.7% |
Summary: Homes in West Cambridge had an average of 19 days on market in Nov 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in West Cambridge; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
