Cambridge, MA

Cambridge is a city in Middlesex County, Massachusetts, United States, situated directly north of Boston, across the Charles River. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders.[2] Cambridge is home to two of the world's most prominent universities, Harvard University and the Massachusetts Institute of Technology. Cambridge has also been home to Radcliffe College, once one of the leading colleges for women in the United States before it merged with Harvard. According to the 2010 Census, the city's population was 105,162.[3] It is the fifth most populous city in the state, behind Boston, Worcester, Springfield, and Lowell.[4] Cambridge was one of the two seats of Middlesex County prior to the abolition of county government in 1997; Lowell was the other. The site for what would become Cambridge was chosen in December 1630, because it was located safely upriver from Boston Harbor, which made it easily defensible from attacks by enemy ships. Thomas Dudley, his daughter Anne Bradstreet and her husband Simon were among the first settlers of the town. The first houses were built in the spring of 1631. The settlement was initially referred to as "the newe towne."[5] Official Massachusetts records show the name capitalized as Newe Towne by 1632.[6] Located at the first convenient Charles River crossing west of Boston, Newe Towne was one of a number of towns (including Boston, Dorchester, Watertown, and Weymouth) founded by the 700 original Puritan colonists of the Massachusetts Bay Colony under governor John Winthrop. The original village site is in the heart of today's Harvard Square. The marketplace where farmers brought in crops from surrounding towns to sell survives today as the small park at the corner of John F. Kennedy (J.F.K.) and Winthrop Streets, then at the edge of a salt marsh, since filled. The town included a much larger area than the present city, with various outlying parts becoming independent towns over the years: Newton (originally Cambridge Village, then Newtown) in 1688,[7]Lexington (Cambridge Farms) in 1712, and both West Cambridge (originally Menotomy) and Brighton (Little Cambridge) in 1807.[8] Part of West Cambridge joined the new town of Belmont in 1859, and the rest of West Cambridge was renamed Arlington in 1867; Brighton was annexed by Boston in 1874. In the late 19th century, various schemes for annexing Cambridge itself to the city of Boston were pursued and rejected.[9][10]

Through November
 
Cambridge, MA - Single Family Properties

 
Cambridge
  • Median price in November was $2,006,000. This is up 144.9% from $819,000 in November of 2013.
  • Days on market is up by 253.8%.
  • Unit sales are down 46.2% to 7.
Nearby Areas You May Be Interested In
  • Unit sales in Wellesley in November were 26. This is up 62.5% from 16 in November of 2013.
  • Unit sales in Newton are up by 53.1%.
  • Median price in Wellesley is down 20.5% to $1,220,700.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 20 -41.2%
Market Time (Days) 35 105.9%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Median Sale Price $1,578,750 83.7%
Sales to List Price Ratio 103.8% 0.3%
Inventory 21 -22.2%
Months of Supply 2.0 -9.0%
Price per Sq Ft for Sold $613 10.0%
New Listings 39 -2.5%
Listings Under Contract 32 23.1%
Sales
There were 7 unit sales in November. This is down 46.2% from 13 in November of 2013. Sales/list price ratio in November moved up to 106.4% from 99.6% in October.

Prices
Median price in November was $2,006,000. This is up 144.9% from $819,000 in November of 2013. This is the highest median price has been since February, 2010. 3-month median price of $1,578,750 in November was up substantially from $1,106,100 in October and up considerably from $859,500 in November of 2013. Price per square foot in November was $584. This is down from $674 in October but up from $552 in November of 2013.

Inventory
Inventory of 16 in November was down 33.3% from 24 in October and down 30.4% from 23 in November of 2013. New listings of 4 in November were way down from 16 in October but up substantially from 3 in November of 2013. Months of supply of 1.6 in November was down considerably from 2.3 in October and down slightly from 1.9 in November of 2013. This is the lowest months of supply has been since June, 2014.

Market Time
Days on market of 46 in November was up moderately from 37 in October and up considerably from 13 in November of 2013. This is the highest days on market has been since February, 2014.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.37%
Lexington 20.23%
Concord 14.08%
Wayland 13.80%
North Reading 13.33%
Westford 13.18%
Weston 13.04%
Belmont 13.01%
Arlington 12.61%
Holliston 12.48%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Cambridge, MA - Single Family Properties

August Headlines
Cambridge
  • New listings in August were 4. This is down 71.4% from 14 in August of 2013.
  • Days on market is up by 54.2%.
  • Sales/list price ratio is up 7.0% to 110.0%.
Other Towns In Middlesex County
  • Days on market in Weston is down 58.3% to 63.
  • Unit sales in Westford in August were 22. This is down 51.1% from 45 in August of 2013.
  • Months of supply in Newton is up by 32.2%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Listings Under Contract 28 -33.3%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 55 7.8%
Median Sale Price $1,250,359 30.1%
Sales to List Price Ratio 108.1% 5.5%
Inventory 19 -24.0%
Months of Supply 1.7 -18.3%
Market Time (Days) 28 -6.7%
Price per Sq Ft for Sold $563 7.2%
New Listings 34 -30.6%
 
Sales
There were 13 unit sales in August. This is down 13.3% from 15 in August of 2013. Sales/list price ratio in August moved up to 110.0% from 105.8% in July.

Prices
Median price in August was $1,050,000. This is up 12.9% from $930,000 in August of 2013. This is the lowest median price has been since February, 2014. 3-month median price of $1,250,359 in August was down a little from $1,302,500 in July but up somewhat from $961,000 in August of 2013. Price per square foot in August was $514. This is down from $579 in July but up from $509 in August of 2013.

Inventory
Inventory of 19 in August was down 5.0% from 20 in July and down 9.5% from 21 in August of 2013. New listings of 4 in August were down substantially from 10 in July and down considerably from 14 in August of 2013. Months of supply of 1.7 in August was down slightly from 1.8 in July and down modestly from 1.8 in August of 2013.

Market Time
Days on market of 37 in August was up considerably from 20 in July and way up from 24 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 31.34%
Lexington 20.59%
Belmont 15.20%
Melrose 14.90%
Holliston 14.75%
Weston 13.41%
Burlington 12.96%
Ashland 12.26%
Hudson 11.86%
Pepperell 11.74%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Cambridge, MA - Single Family Properties

July Headlines
Cambridge
  • Median price in July was $1,275,000. This is up 32.7% from $961,000 in July of 2013.
  • Price per square foot is up by 21.0%.
  • Inventory is down 26.9% to 19.
Other Towns In Middlesex County
  • Days on market in Medford in July was 50. This is up 194.1% from 17 in July of 2013.
  • Months of supply in Newton is up by 47.9%.
  • Months of supply in Lexington is up 48.3% to 3.4.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Listings Under Contract 49 -2.0%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Median Sale Price $1,302,500 34.6%
Sales to List Price Ratio 105.3% 0.8%
Inventory 19 -29.6%
Months of Supply 1.8 -18.1%
Market Time (Days) 30 -11.8%
Price per Sq Ft for Sold $587 12.5%
Click here to see monthly and longer-term averages.
 
Sales
There were 15 unit sales in July. This is down 21.1% from 19 in July of 2013. Sales/list price ratio in July moved down to 105.8% from 108.6% in June.

Prices
Median price in July was $1,275,000. This is up 32.7% from $961,000 in July of 2013. 3-month median price of $1,302,500 in July was down a little from $1,305,000 in June but way up from $968,000 in July of 2013.

Inventory
Inventory of 19 in July was up 5.6% from 18 in June but down 26.9% from 26 in July of 2013. New listings of 9 in July were way down from 20 in June and down moderately from 13 in July of 2013. Months of supply of 1.7 in July was up a little from 1.5 in June but down slightly from 2.1 in July of 2013.

Market Time
Days on market of 20 in July was down moderately from 29 in June and down considerably from 30 in July of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 35.28%
Lexington 22.49%
Melrose 18.48%
Burlington 18.14%
Holliston 17.25%
Belmont 15.56%
Ashland 15.49%
Wayland 14.68%
Weston 14.49%
Arlington 13.84%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Listings
    photo.aspx?mls=72027947&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    9+ Bed

    5.0 Bath

    8,372SqFt

    168 Brattle St,
    Cambridge, MA 02138

    $8,800,000

    Listed ByGibson Sotheby's International Realty

    MLS® #72027947 MLS® # 72027947 (Active)
    photo.aspx?mls=72070225&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    3 Bed

    3.5 Bath

    2,014SqFt

    101 Garden St,
    Cambridge, MA 02138

    $1,990,000

    Listed ByHistorical Homes

    MLS® #72070225 MLS® # 72070225 (Active)
    photo.aspx?mls=72119545&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    3.5 Bath

    2,271SqFt

    52 Kirkland Street,
    Cambridge, MA 02138

    $1,799,900

    Listed ByGibson Sotheby's International Realty

    MLS® #72119545 MLS® # 72119545 (Active)
    photo.aspx?mls=72153531&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    4 Bed

    2.5 Bath

    3,308SqFt

    147 Magazine St,
    Cambridge, MA 02139

    $1,700,000

    Listed ByCompass

    MLS® #72153531 MLS® # 72153531 (Active)
    photo.aspx?mls=72137942&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    4 Bed

    3.0 Bath

    1,920SqFt

    46 Middlesex Street,
    Cambridge, MA 02140

    $1,495,000

    Listed ByGriffin Properties

    MLS® #72137942 MLS® # 72137942 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

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    The information in this listing was gathered from third party resources including the seller and public records. MLS® Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2017 MLS® Property Information Network, Inc.

    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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