Cambridge Condos: The $1M Benchmark

Cambridge Condos: The $1M Benchmark

In Cambridge, the condo is king. By early 2022, the average sale price for a condominium has officially crossed the $1.1 million mark.

Where to Look

• West Cambridge: Remains the pinnacle of prestige with a median home value over $1.5M.
• Porter Square: Offering a more 'urban-connected' feel with high price-per-square-foot stability.
• Mid-Cambridge: The heart of the city, where inventory vanishes almost instantly.

Renovate vs. Relocate

With rates ticking up, many Cambridge homeowners are choosing to renovate their historic Victorians rather than move, further tightening the available inventory.