$2,482 Closing Credit*
$209,000
1,826 SqFt
4 Beds
•2 Full Baths, 1 Partial
Nikolay Todorov, Listing Office: Taylor Properties
Is Cambridge, MD 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, Cambridge was a Neutral Market.
Key Takeaway
Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge, MD
How much do homes in Cambridge, MD cost?
Median Sold Price
$267,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.8%)
Key Takeaway
Homes in Cambridge have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Cambridge was $267,000 in November 2024, up 0.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | - | N/A |
| 2 Bedrooms | $160.5K | $177.9K | +10.9% |
| 3 Bedrooms | $230K | $240K | +4.3% |
| 4 Bedrooms | $305.9K | $309.5K | +1.2% |
| 5+ Bedrooms | $420K | $365K | -13.1% |
Summary: Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in Cambridge, MD
How many homes are available in Cambridge, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 141 | -5.4% |
Summary: The Cambridge real estate market had 141 homes for sale in November 2024, a 5.4% 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 | 30 | 33 | +10.0% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 31 | 24 | -22.6% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
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 increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Cambridge in November 2024, down by 7.7% month-over-month. Of the 24 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Cambridge, MD
How long does it take to sell a home in Cambridge, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 99 Days | +57.6% |
Summary: Homes in Cambridge had an average of 99 days on market in Nov 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cambridge are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 24 homes were sold in Cambridge; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
