Average Cost Per Square Foot for Cambridge Real Estate | Centers And Squares

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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Average Cost Per Square Foot for Cambridge Real Estate

Tape MeasurerThe average cost per square foot for Cambridge real estate is a figure that often catches the eye of buyers, of appraisers, and of real estate agents.

While it is an interesting point of information when pricing  or buying real estate in Cambridge, price per square foot has its limitations.  Unless the properties are similar in most respects – parking or no parking, renovated or not, lot size, bedroom and bathroom count, age of construction or renovation, etc. – the price per square foot comparison doesn’t tell you a lot.  A seemingly out of whack price per square foot can make sense if the house or condo in question is substantially better (or worse!) than other properties.  And an average price per square foot shouldn’t be the definitive answer when determining value since all sorts of variables can push the value up or down.

Average per square foot prices can be useful when comparing certain properties such as condos in similar buildings or single families in a neighborhood.  Useful more as a guide than a definitive method of pricing, price per square foot can help highlight outliers – properties that are priced well  below others on a price per square foot basis or properties that are priced well above what others of  a similar size command.

Average price per square foot is also impacted by the size of the condo or house in question.  Average prices per square foot are highest for small units and are lower for larger units.  That makes sense since the expensive square feet in a house are the kitchen and baths – and you only have so many of those no matter how large the house or condominium.

With all of these caveats in mind, here are the average prices per square foot for Cambridge real estate sold in the last twelve months:

96 single families sold in the last 12 months in Cambridge.

  • Average price per square foot for a Cambridge single family house: $427
  • Median price per square foot for Cambridge single family homes: $385.26
  • Highest price per square foot paid for a house in Cambridge in the last 12 months: $930.60 for an exquisitely renovated small single family between Brattle Street and Mount Auburn

177 one-bedroom condos sold in Cambridge in the last 12 months.

  • Average cost per square foot for a Cambridge one-bedroom condo: $478
  • Median price per square foot for a one-bedroom condo in Cambridge: $476
  • Lowest price per square foot: $253.69
  • Highest price per square foot: $655.02

342 Cambridge two-bedroom condos sold in the last 12 months.

  • Average sale price per square foot for two-bedroom Cambridge condos: $437
  • Median price per square foot for two-bedroom condos in Cambridge: $424
  • Lowest cost per square foot: $171.93
  • Highest price per square foot: $1,144.54 for a condo at the Esplanade with amazing views of the Charles River and Boston skyline
  • If you want to search for Cambridge real estate, click on the button below.

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    Elizabeth Bolton is a Cambridge real estate agent at the Huron Avenue office of Coldwell Banker.  Contact Liz  if you still have questions about the average cost per square foot for Cambridge real estate.

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