Market Report: August 2021

Boston, Cambridge, and Somerville share a collective population of just under 1,000,000 people across 40+ neighborhoods. In this market report, we present key market statistics and explore what these figures could mean to buyers, sellers, renters, and investors.

Overview

Boston, Cambridge, and Somerville continued with strong inventory in August, with a combined 600+ single-family homes and condominiums put up for sale across all three markets. The average sale price for single-family homes in each city remained above the $1,000,000 mark—reaching over $2,000,000 in Cambridge—while condo sale prices reported between $880,000 to $1,000,000. Rental prices saw a slight decrease across the three cities; the average two-bedroom came in at $3,148 in Boston, $2,951 in Cambridge, and $2,673 in Somerville.

Learn more about real estate activity in these three markets, download the August 2021 market report here.