Eric Raynor

Cambridge, MA

Single-Family Homes

Real Estate Agent


Cambridge, MA

Sun Dec 22 2024
This week the median list price for Cambridge, MA is $3,250,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 27. Click here to stay informed with the Cambridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Cambridge, MA

Sun Dec 22 2024
This week the median list price for Cambridge, MA is $3,250,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 27. Click here to stay informed with the Cambridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cambridge market.
Median List Price $3,250,000
Median Price of New Listings $749,900
Per Square Foot $986
Average Days on Market 121
Median Days on Market 77
Price Decreased 44%
Price Increased 0%
Relisted 4%
Inventory 27
Median Rent
Market Action 37
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,550,000 5,387 0.25 - 0.5 acre 5 5 130 0 0 122
$3,800,000 3,155 0 - 4,500 sqft 4 3.5 61 0 0 77
$2,899,900 2,941 0 - 4,500 sqft 5 3.5 122 0 2 91
$1,575,000 1,200 0 - 4,500 sqft 3 2 66 1 1 63