$2,529 Closing Credit*
$213,000
1,529 SqFt
4 Beds
•1 Full Bath
Renee Elie, Listing Office: Berkshire Hathaway HomeServices Blake, REALTORS
Is Cambridge, NY 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, Cambridge has remained a Buyer's Market.
Key Takeaway
Cambridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cambridge, NY
How much do homes in Cambridge, NY cost?
Median Sold Price
$216,050
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,050(+8.6%)
Key Takeaway
Homes in Cambridge have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Cambridge was $216,050 in November 2024, up 8.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $167.5K | +24.1% |
| 2 Bedrooms | $185.3K | $168.5K | -9.1% |
| 3 Bedrooms | $232K | $215K | -7.3% |
| 4 Bedrooms | $257.5K | $237K | -8.0% |
| 5+ Bedrooms | $150K | $228.5K | +52.4% |
Summary: Cambridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 52.4%.
Housing Supply in Cambridge, NY
How many homes are available in Cambridge, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Cambridge real estate market had 23 homes for sale in November 2024, a 14.8% 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 | 0 | 3 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cambridge in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cambridge, NY
How long does it take to sell a home in Cambridge, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | +2.5% |
Summary: Homes in Cambridge had an average of 20 days on market in Nov 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 2 homes were sold in Cambridge; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.