$1,305 Closing Credit*
$109,900
1,728 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 Moline Realty Inc
Is Cambridge, MN 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 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, MN
How much do homes in Cambridge, MN cost?
Median Sold Price
$310,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.6%)
Key Takeaway
Homes in Cambridge have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Cambridge was $310,000 in November 2024, up 1.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235.5K | +38.5% |
| 2 Bedrooms | $250K | $262.1K | +4.8% |
| 3 Bedrooms | $310K | $312.9K | +1.0% |
| 4 Bedrooms | $315.5K | $325K | +3.0% |
| 5+ Bedrooms | $350K | $377K | +7.7% |
Summary: Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $305K | $310K | +1.6% |
| Cambridge Township | $307.7K | $310K | +0.7% |
| Isanti Township | $330K | $332K | +0.6% |
Housing Supply in Cambridge, MN
How many homes are available in Cambridge, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 88 | -12.0% |
Summary: The Cambridge real estate market had 88 homes for sale in November 2024, a 12.0% 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 | 23 | 21 | -8.7% |
| 3 Bedrooms | 47 | 44 | -6.4% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
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 decreased by 8.7%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 13 | -45.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 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. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Cambridge in November 2024, down by 45.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 40 Days | +159.5% |
Summary: Homes in Cambridge had an average of 40 days on market in Nov 2024, up by 159.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cambridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Cambridge; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
