Real Estate Market Update for Cambridge, MA
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 2% from one year earlier, and down 21% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 670-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 710-thousand dollars. The number of units sold decreased 26% year-over-year, and increased 24% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Cambridge, MA
Area Information for Cambridge, MA
  • Population: 107,086
  • Median Age: 30.02 yr
  • Median Commute Time: 21.17 mins
  • Educational Climate*: 5
  • Sales Tax: 6.25%
  • Population Density: 16,770/sq mi
  • Population Change Since 2000: 5.82%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Harvard University-grad Sch Art-sciences
  • Closest Jr. College: Lincoln Technical Institute-somerville
  • Median Household Income: $65,424
  • Annual Residential Turnover: 19.27%
  • Median Years in Residence: 2.99 yr
  • Median Home Sales Price: $460,000
  • Closest Major Sports Team: Red Sox
  • Change Avg. Household Income Since 2000: 35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cambridge, MA
Median Age: 30.02 Married: 22% Number of Households: 44,800 Households with Children: 8,010
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Cambridge, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Cambridge Rindge And Latin School 0.2 mi Public 9-12 2-5 3
      Martin Luther King, Jr. School 0.4 mi Public PRESCHOOL-5 2-5 5
      Boston Archdiocesan Choir School 0.5 mi Catholic 5-8 0 4
      Threshold Program Lesley Univ 0.6 mi Private PRESCHOOL-10 0 0
      Maria L. Baldwin School 0.6 mi Public K-5 3 5
      Cambridgeport 0.7 mi Public PRESCHOOL-5 3 5
      The Henry Buckner School 0.8 mi Private PRESCHOOL-1 0 5
      The Amigos School 0.9 mi Public K-8 4 4
      James F Farr Academy 0.9 mi Private 7-12 0 0
      Fletcher/maynard Academy 0.9 mi Public PRESCHOOL-8 2 3
      King Open 0.9 mi Public PRESCHOOL-5 2-5 5
      Graham And Parks School 0.9 mi Public K-5 3 5
      Malik Academy/ Al Bustan Preschool 1.1 mi Private PRESCHOOL-K 0 0
      St. Peter Elementary School 1.2 mi Catholic PRESCHOOL-8 0 5
      Kennedy-longfellow School 1.2 mi Public PRESCHOOL-5 1 4
      Community Charter School Of Cambridge 1.3 mi Public 7-12 3-5 3
      Buckingham Browne & Nichols School 1.4 mi Private PRESCHOOL-12 0 4
      Cambridge Friends School 1.4 mi Private PRESCHOOL-8 0 5
      Cambridge Montessori School 1.4 mi Private PRESCHOOL-8 0 4
      Morse School 1.4 mi Public PRESCHOOL-5 2-5 4
      Shady Hill School 1.5 mi Private PRESCHOOL-8 0 4
      Peabody School 1.5 mi Public PRESCHOOL-5 3 4
      Benjamin Banneker Charter Public School 1.6 mi Public PRESCHOOL-6 2-5 4
      John M. Tobin Montessori School 1.7 mi Public PRESCHOOL-5 3-5 4
      Matignon High School 2.1 mi Catholic 9-12 0 5
      International School Of Boston 2.2 mi Private PRESCHOOL-12 0 3
      Haggerty School 2.2 mi Public PRESCHOOL-5 4 4
      Fayerweather Street School 2.6 mi Private PRESCHOOL-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Cambridge, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.