Cambridge, MA Real Estate Market Report — May 2026

How Did the Cambridge Market Perform in May 2026?

Cambridge posted 86 closed sales in May 2026, generating over $121 million in total volume, with a median sale price of $1,170,000 and homes moving in a median of 20 days.

The defining characteristic of May’s Cambridge market was balance with bite. The median sale-to-list ratio landed at exactly 100.0% — meaning the typical home sold for precisely its asking price. But averages can be deceiving: the average SP/LP ratio was 102.6%, pulled upward by a cluster of highly competitive sales. Nearly half of all closings (49%) went at or above asking price, including a condo at 11 Avon Street that closed at $3,035,000 against a $2,395,000 list price — 126.7% of asking — in 14 days, and 100 Pacific Street, which sold for $1,410,000 against a $1,100,000 ask (128.2% of asking) in just 13 days. A condo at 33 Webster Avenue went under agreement the same day it listed and closed at full price. When well-priced properties hit the market in Cambridge, buyers compete.¹

The market also delivers a clear message for sellers who push the price: one condo sat for 228 days — more than 11 times the market median — before going under agreement. Pricing discipline is not optional here.

What Are Condos Selling for in Cambridge Right Now?

Cambridge condos had a median sale price of $1,095,000 in May 2026, at a median of $977 per square foot, with 45% selling over asking price.

Condominiums drove the market, accounting for 71 of 86 closed sales — 83% of total transaction volume — and $90.3 million of the month’s $121 million in total sales. Demand is fueled by buyers relocating for Harvard, MIT, and the Kendall Square biotech corridor, as well as owner-occupants and investors. The condo price range was wide: from $470,000 at entry level to $3,460,000 at the top (23 Ellery Street, closed at 102.1% of asking in 19 days), reflecting the full spectrum of Cambridge’s condo stock — from compact units in Central Square to full-floor condominiums near Harvard Square and the Charles River. Median DOM was 20 days, with an average SP/LP of 102.5%.

For buyers: well-priced condos in desirable locations move fast. For sellers: the 45% over-asking rate means presentation and pricing strategy directly affect your outcome.

How Did Single-Family Homes Perform in May 2026?

Single-family homes were the most competitive segment — 82% sold over asking at a median of $2,300,000, moving in just 13 days.

Eleven single-family homes closed in May, and nine of them beat the list price. The median SP/LP ratio was 104.2%, meaning the typical Cambridge single-family sold for more than four percent above ask. 110 Clay Street listed at $1,198,000 and closed at $1,400,000 (116.9%) in 7 days. The month’s top single-family sale was $4,050,000 at 11 Goodman Road — 101.6% of asking after 40 days on market. Supply of Cambridge single-families is structurally constrained: land is scarce, the housing stock is old, and turnover is low. For buyers pursuing a single-family in Cambridge, the data is unambiguous — come prepared, pre-approved, and with a clear sense of value before you start making offers.

What Does the Inventory Picture Look Like?

With 313 active and pending listings and 86 May closings, Cambridge is running at roughly 3.6 months of supply — a market that still favors well-priced sellers.

Of the 313 current listings, 107 are already under agreement and 12 are contingent — meaning nearly 38% of visible inventory is already spoken for. The 177 actively available listings carry a median list price of $1,250,000. The 12 listings with recent price reductions are worth watching: they often signal properties repositioned after an overpriced launch, which can create opportunity for patient buyers. On the multifamily side, 42 active listings represent meaningful inventory for investors and owner-occupants. With only 4 multifamily closings in May at a median SP/LP of 98.5%, this is a segment where deals move more slowly and thorough due diligence matters. With Red Line access connecting Cambridge from Alewife to Kendall Square, walkability and transit proximity continue to command premiums across all property types.

What Does May 2026 Mean for Cambridge Buyers and Sellers?

For Sellers

The market is rewarding well-priced, well-presented properties. The 49% over-asking rate and 20-day median DOM mean that if you price correctly, you have a real shot at multiple offers. Single-family sellers in particular are seeing strong competition, with 82% of homes going over list. If you’re considering listing in June or July, spring buyer demand remains active.

For Buyers

Patience and preparation are essential. The median SP/LP of 100% suggests the market isn’t universally overheated — but the outliers (128%, 127%, 119% of list) show what happens on desirable, well-priced properties. Know your ceiling before you make an offer. Get pre-approved, not just pre-qualified. And don’t overlook the entry-level condo range — there were closes as low as $470,000 in May, representing genuine opportunity in one of the country’s most supply-constrained markets.

Work With a Cambridge Real Estate Expert

Ed Greable & Company tracks the Cambridge market every month and can help you understand what the data means for your specific situation.

Whether you’re buying your first condo near Central Square, selling a single-family near Harvard Square, or evaluating a multifamily investment, the numbers above are a starting point — not the whole picture. Every street, every building, and every property type performs differently. Reach out to Ed Greable & Company at edgreable.com to talk through what May’s market means for you.

Frequently Asked Questions About the Cambridge Real Estate Market — May 2026

What is the median home price in Cambridge MA in 2026?

Based on May 2026 MLS data via MLSPIN, the median sale price across all property types in Cambridge was $1,170,000. Condos had a median of $1,095,000; single-family homes came in at $2,300,000.

Are homes selling over asking price in Cambridge MA?

Yes — 49% of Cambridge homes closed at or above asking price in May 2026. Single-family homes were the most competitive segment, with 82% selling over list at a median of 104.2% of asking.

How long does it take to sell a home in Cambridge MA?

The median days on market in Cambridge in May 2026 was 20 days across all property types. Single-family homes moved fastest at a median of 13 days. One condo sat on the market 228 days — a reminder that overpriced properties face real consequences even in a strong market.

Is Cambridge MA a buyer’s or seller’s market right now?

May 2026 data points to a balanced-to-seller’s market. The median SP/LP ratio was exactly 100%, but with 49% of homes selling above asking and single-family inventory especially tight, well-priced properties still draw strong competition. Buyers with financing in order and a clear pricing strategy are finding success.