The Cambridge single-family home market in 2024 showcased fluctuating sales trends, price shifts, and varied buyer demand. Some months saw strong activity and price growth, while others experienced slower movement, allowing buyers more negotiation power.
As we approach 2025, both buyers and sellers should analyze these patterns to make informed decisions. Additionally, the new presidential administration could bring economic and housing policy changes that impact Cambridge’s single-family home market.
Let’s explore how the market performed in 2024, compare it to 2023, and forecast what we can expect in 2025.
Cambridge Single-Family Market Performance in 2024
Sales Volume & Market Activity
The Cambridge single-family market experienced varying levels of activity in 2024:
- Highest Number of Homes Sold: April & May (14 homes closed each)
- Lowest Number of Homes Sold: January & December (2 and 4 homes closed, respectively)
- Fastest Selling Period: September (28 days on the market)
- Slowest Selling Period: January (100 days on market)
Comparison to 2023:
- Sales prices were generally higher in 2024 than in 2023.
- Days on Market (DOM) increased in some months, indicating buyers had more negotiation power.
Median Sale Prices & Market Trends
The Cambridge single-family home market saw significant price variations throughout 2024:
- Highest Median Sale Price: November ($3,088,100)
- Lowest Median Sale Price: December ($1,802,500)
- First Quarter Trends: Prices ranged from $2,232,590 in January to $2,695,250 in March.
- Second Quarter Trends: Prices peaked in April at $3,008,036, while June had a low of $2,034,300.
- Third Quarter Trends: September saw a drop to $1,930,864, but July remained strong at $2,801,133.
- Fourth Quarter Trends: November surged to $3,088,100, while December saw the lowest price of the year at $1,802,500.
Comparison to 2023:
- Overall, 2024 saw higher price fluctuations compared to the more stable pricing in 2023.
- Some months experienced sharp price drops, reflecting shifts in buyer demand.
2025 Cambridge Single-Family Market Forecast
Looking ahead to 2025, we anticipate changes based on economic conditions, interest rates, and policy updates.
Best Time for Buyers: Early 2025 (January – April)
With leftover inventory from late 2024, buyers may find better deals and have more room for negotiation.
Best Time for Sellers: Mid-to-late 2025 (May – September)
As the market trends upward during spring and summer, sellers will see higher buyer demand and more competitive pricing.
How the New Presidential Administration May Impact Cambridge’s Housing Market
A new administration in 2025 could influence Cambridge’s single-family home market in several ways:
1. Interest Rate Changes
Lower interest rates could increase buyer demand, boosting home sales.
Higher rates would reduce affordability, keeping some buyers out of the market.
2. Housing Affordability & Tax Incentives
Potential tax breaks for first-time homebuyers could boost demand. Federal housing supply initiatives may impact pricing and availability. New rent control policies could affect investor confidence, shifting market demand.
3. Economic Growth & Inflation
A strong economy could lead to higher disposable incomes and home purchases. Economic uncertainty may slow demand, causing longer selling periods.
Key Takeaways for Buyers & Sellers in 2025
For Buyers:
- Early 2025 will be the best time to find deals and negotiate better prices.
- If interest rates decrease, mortgage affordability will improve.
For Sellers:
- Peak selling season (May – September) will bring higher offers and faster sales.
- Strategic pricing will be key, as buyers remain sensitive to market conditions.
Planning to Buy or Sell a Single-Family Home in Cambridge in 2025?
The Cambridge single-family home market is set for another dynamic year. Whether you’re buying or selling, staying informed on market trends is essential.
Contact me today for a customized market analysis and expert guidance! To make the best real estate decisions, stay updated with weekly real estate reports on Instagram, Facebook, and YouTube. You can also find Condo Market Analysis for Cambridge along with Cambridge Rental Market Analysis to make a well informed decision since you have data from 2024 and what is happening in the current market.
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