$3,182 Closing Credit*
$267,990
1,557 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mary Ann Hammel, Listing Office: Mary Ann Hammel
Is Cambridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Cambridge was a Seller's Market.
Key Takeaway
Cambridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cambridge, MD
How much do homes in Cambridge, MD cost?
Median Sold Price
$260,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$740(-0.3%)
Key Takeaway
The sold price of homes in Cambridge has remained the same since last year.
Summary: The median home sold price in Cambridge was $260,000 in September 2024, down 0.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | - | N/A |
| 2 Bedrooms | $160K | $173.7K | +8.6% |
| 3 Bedrooms | $230K | $234.7K | +2.1% |
| 4 Bedrooms | $307.9K | $306K | -0.6% |
| 5+ Bedrooms | $350K | $382.4K | +9.3% |
Summary: Cambridge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Cambridge, MD
How many homes are available in Cambridge, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 152 | 158 | +3.9% |
Summary: The Cambridge real estate market had 158 homes for sale in September 2024, a 3.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 33 | 36 | +9.1% |
| 3 Bedrooms | 63 | 68 | +7.9% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Cambridge housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Cambridge in September 2024, down by 17.9% month-over-month. Of the 23 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 50 Days | 64 Days | +27.7% |
Summary: Homes in Cambridge had an average of 64 days on market in Sep 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cambridge has remained consistent over time.
Summary: During September 2024, 23 homes were sold in Cambridge; 35% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
