$1,399 Closing Credit*
$117,777
831 SqFt
2 Beds
•1 Full Bath
Sherry L Cavallaro, Listing Office: Howard Hanna
Is Cambridge, NY 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, NY
How much do homes in Cambridge, NY cost?
Median Sold Price
$220,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,603(+18.7%)
Key Takeaway
Homes in Cambridge have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Cambridge was $220,000 in October 2024, up 18.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.5K | $167.5K | +27.4% |
| 2 Bedrooms | $185.3K | $168.5K | -9.1% |
| 3 Bedrooms | $211K | $215K | +1.9% |
| 4 Bedrooms | $257.5K | $262.2K | +1.8% |
| 5+ Bedrooms | $150K | $228.5K | +52.4% |
Summary: Cambridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 52.4%.
Median Sold Price Compared To Nearby Cities
| Jackson | $147K | $235K | +59.9% |
| Cambridge | $185.3K | $220K | +18.7% |
Housing Supply in Cambridge, NY
How many homes are available in Cambridge, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Cambridge real estate market had 27 homes for sale in October 2024, a 17.4% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
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 decreased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cambridge, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Cambridge in October 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 67% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -39.2% |
Summary: Homes in Cambridge had an average of 10 days on market in Oct 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were 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 October 2024, 9 homes were sold in Cambridge; 89% of homes were sold within 30 days, 11% 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.