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Cambridge, Massachusetts: 2016 Market Summary

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Cambridge, Massachusetts: 2016 Market Summary


Cambridge Market 2016 vs 2015

The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge increased by 9.3% in 2016 compared to 2015. There were 858 sales in 2016, compared to 785 sales in 2015.

Total market volume increased by 21.82%. 2016 total volume was $848,906,673, compared to 2015 volume of $696,832,881.

The average sale price increased by 11.46%. The average sale price in 2016 was $989,402, compared to $887,685 in 2015.

The median sale price increased by 9.53%. The median sale price in 2016 was $756,844, compared to $691,000 in 2015.  

The lowest sale price was $250,000. The highest sale price was $7,100,000.

At the end of 2016, inventory was up 55.17% from 2015. On December 31, 2016, there were 45 units on the market. On December 31, 2015, there were 29 units on the market.

All statistics are from MLS Property Information Network.

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