Up, Up & Away! Cambridge 3-Year Housing Price Comparison

July 15, 2013

If you weren’t buying or selling a home in the past few months, you may not be aware at how much Cambridge home prices rose this spring. This was largely a result of our ridiculously low inventory — as of today, there are only 90 properties (singles, multis and condos) on the market in all of Cambridge. That’s compared to 185 this time last year, when we already had an inventory shortage!

Here are some of the sale price changes for a sampling of property types — comparisons are based on YTD sales up to July 6 for the past three years.

Condo — 1BR/1ba, without parking

2011 YTD – 40 units sold – average price: $298,048
2012 YTD – 41 units sold – average price: $330,930
2013 YTD – 53 units sold – average price: $393,986
3-Year Change: Up 32%
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 Condo — 2BR/1ba, with 1 parking space

2011 YTD – 21 units sold – average price: $380,895
2012 YTD – 45 units sold – average price: $457,703
2013 YTD – 24 units sold – average price: $431,654
3-Year Change: Up 13%

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Condo — 3BR/1.5+ba, with 1+ parking space(s)

2011 YTD – 36 units sold – average price: $796,653
2012 YTD – 31 units sold – average price: $791,745
2013 YTD – 45 units sold – average price: $953,364
3-Year Change: Up 20%

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Single-family — up to 2000 square feet

2011 YTD – 23 units sold – average price: $591,728
2012 YTD – 25 units sold – average price: $604,779
2013 YTD – 33 units sold – average price: $676,761
3-Year Change: Up 14%

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Single-family — larger than 2000 square feet

2011 YTD – 29 units sold – average price: $1,530,499
2012 YTD – 30 units sold – average price: $1,696,917
2013 YTD – 37 units sold – average price: $2,013,500
3-Year Change: Up 32%

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2-family properties

2011 YTD – 12 units sold – average price: $766,500
2012 YTD – 26 units sold – average price: $790,294
2013 YTD – 12 units sold – average price: $960,375
3-Year Change: Up 25%

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3-family properties

2011 YTD – 8 units sold – average price: $853,439
2012 YTD – 8 units sold – average price: $1,010,500
2013 YTD – 12 units sold – average price: $1,036,417
3-Year Change: Up 21%

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One Response to “Up, Up & Away! Cambridge 3-Year Housing Price Comparison”


  1. […] this month my colleague, Lara Gordon, wrote about the the Cambridge housing market in her excellent blog, Cambridgeville. I’ve now run the numbers for Somerville, using the same categories (one- and two-bedroom […]


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