4th Quarter 2020 Multi-family Sales Market Report

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Cambridge Multi-family Market Stats
for Oct. 1 to Dec. 31, 2020 (4th Quarter)

24

Multi-family Sales in 4th Quarter 2020

17

Average Number of Days To Offer

$1,782,469

Average Sale Price of A Multi-family

99%

Sale Price averaged 99% of the List Price

4th Quarter 2020
Multi-family Sales in Cambridge

Of the 24 multi-family sales in Cambridge in the fourth quarter of 2020, there were 7 sales under $1.5M; 10 sales between 1.5M and $2M; and 7 sales over $2M.

Cambridge 4th Quarter 2020 Multi-Family Sales

Click here to see all the multi-family sales in Cambridge in Q4 2020

See below for 3 noteworthy multi-family sales in Cambridge in Q4 2020.

25-27 Murray Hill Road

Sold for $1,100,000 on Oct. 8, 2020. Listed by Lance Greene at Compass.

141 Fayerweather Street

Sold for $1,595,000 on Dec. 29, 2020. Sold by Charles Cherney as the Buyer's Agent.

113 Columbia Street

Sold for $1,580,000 on Oct. 15, 2020. Listed by Charles Cherney.

Somerville Multi-family Market Stats
for Oct. 1 to Dec. 31, 2020 (4th Quarter)

64

Multi-family Sales in 4th Quarter 2020

26

Average Number of Days To Offer

$1,330,147

Average Sale Price of A Multi-family

97%

Sale Price averaged 97% of the List Price

3rd Quarter 2020
Multi-family Sales in Somerville

Of the 64 multi-family sales in Somerville in the 4th quarter of 2020, there were 10 sales under $1M; 43 sales between $1M and $1.5M; and 11 sales for more than $1.5M.