The Cambridge housing market is very competitive. Homes in Cambridge receive 4 offers on average and sell in around 23 days. The median sale price of a home in Cambridge was $992K last month, down 23.7% since last year. The median sale price per square foot in Cambridge is $868, down 4.6% since last year.
What is the housing market like in Cambridge today?
In March 2024, Cambridge home prices were down 23.7% compared to last year, selling for a median price of $992K. On average, homes in Cambridge sell after 23 days on the market compared to 28 days last year. There were 45 homes sold in March this year, down from 47 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$992,000
-23.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cambridge, MA
$992,000
-23.7%
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 19 days.
0
100
80
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 1% above list price and go pending in around 19 days.
Hot homes
can sell for about 6% above list price and go pending in around 8 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
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Benjamin G. Brown School
Public • K-5
229
Students
6 reviews
9/10
Haggerty School
Public • PreK-5
261
Students
16 reviews
9/10
Maria L. Baldwin School
Public • PreK-5
361
Students
3 reviews
8/10
The Amigos School
Public • PreK-8
419
Students
16 reviews
8/10
John F. Kennedy Elementary School
Public • PreK-8
441
Students
7 reviews
Only showing 5 of
21 elementary schools.
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.
Risk Factor
Flood Factor - Major
42% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cambridge has a major risk of flooding. 3,097 properties in Cambridge are likely to be
severely affected
by flooding over the next 30 years. This represents 42% of all properties in Cambridge. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cambridge has a minor risk of wildfire. There are 9 properties in Cambridge that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Cambridge.
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. 12,900 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 106 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 118 mph.