Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

Back To Blog

Cambridge Now the Most Expensive Place to Buy a Home in Massachusetts

Cambridge Home Prices

When thinking of the most expensive places to live in Massachusetts, mostly Boston and some surrounding suburbs come to mind. Brookline is normally the top of this list, but this year it has finally been beaten.  

Cambridge single-family homes now have a median price of $1,675,000 throughout the beginning of this year, according to a report by the Warren Group. 

This is a 28% increase from last year, while Brookline's median price has dropped by 4%, to $1,615,000. 

Cambridge did have some competition with Lincoln, Nantucket and a few others, but they fell short with around $1.4 million as a median price. 

This spike in Cambridge housing prices isn't necessarily surprising, with its prime location and convenient transportation links. 

Part of this increase can be attributed to the number of homes on the market in the area, which has dropped and caused prices to increase. 

According to the report there has also been an increased demand from college professors and biotech executives in the area. 

Despite the price increase, home sales have decreased 19%, largely due to the lack of homes on the market. 

Looking for your new home in Cambridge or Boston? Contact us at leasing@advisorsliving.com.

Add Comment

Do not fill in this field:

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

Comments

  1. No comments. Be the first to comment.

Thoughts & Market Insights from the Experts

How to Update Your Home For Fall - 09.29.2016

  Fall is upon us and there's no better way to prepare your home for the colder season than by incorporating some small touches and experimenting with new [...]
Read More

Exciting Condo Development Proposed for East Boston - 09.27.2016

Plans for a new East Boston development hoping to revitalize an underutilized section of Border Street have been proposed by City Realty [...]
Read More