The Cambridge housing market is very competitive. Homes in Cambridge receive 4 offers on average and sell in around 28 days. The median sale price of a home in Cambridge was $1.2M last month, up 19.1% since last year. The median sale price per square foot in Cambridge is $952, up 7.7% since last year.
What is the housing market like in Cambridge today?
In September 2024, Cambridge home prices were up 19.1% compared to last year, selling for a median price of $1.2M. On average, homes in Cambridge sell after 28 days on the market compared to 21 days last year. There were 54 homes sold in September this year, down from 59 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,173,000
+19.1% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Cambridge, MA
$1,173,000
+19.1%
United States
To compare other locations to the Cambridge and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Cambridge add value to a home.
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How hot is the Cambridge housing market?
Cambridge is very competitive. Homes sell in 20 days.
0
100
77
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 20 days.
Hot homes
can sell for about 4% above list price and go pending in around 9 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Cambridge
Explore recent offers and recently sold homes in Cambridge
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cambridge housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cambridge.
Flood Factor - Major
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cambridge has a major risk of flooding. 3,027 properties in Cambridge are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Cambridge. Flood risk is increasing faster than the national average.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Cambridge has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cambridge is most at risk from hurricanes. 12,901 properties in Cambridge have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 109 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 119 mph.