$3,206 Closing Credit*
$270,000
860 SqFt
2 Beds
•1 Full Bath
Listing Office: Exit Realty Nexus
Is Cambridge, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cambridge has remained a Seller's Market.
Key Takeaway
Cambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambridge, MN
How much do homes in Cambridge, MN cost?
Median Sold Price
$309,125
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,375(+0.4%)
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 $309,125 in October 2024, up 0.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235.5K | +38.5% |
| 2 Bedrooms | $247.5K | $262.1K | +5.9% |
| 3 Bedrooms | $315K | $309K | -1.9% |
| 4 Bedrooms | $316K | $324.5K | +2.7% |
| 5+ Bedrooms | $383.5K | $359.7K | -6.2% |
Summary: Cambridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $307.7K | $309.1K | 0.4% |
| Cambridge Township | $309.5K | $310K | 0.2% |
| Isanti Township | $330K | $329.9K | 0% |
Housing Supply in Cambridge, MN
How many homes are available in Cambridge, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 107 | +8.1% |
Summary: The Cambridge real estate market had 107 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 47 | 50 | +6.4% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cambridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Cambridge in October 2024, down by 17.9% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Cambridge, MN
How long does it take to sell a home in Cambridge, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 27 Days | -11.9% |
Summary: Homes in Cambridge had an average of 27 days on market in Oct 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Cambridge; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
