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Cambridge · Market report · July 2026

The Cambridge housing market, read monthly.

The Cambridge housing market as of July 2026: the median residential assessment stands at $1.02M across 23,858 parcels, and an estimated 1,073 homes change hands in a typical year — about 4.5% of the town's housing stock. Below: the numbers, the neighbor comparison, and my working read.

Read this month's takeWhat does this mean for my home?

July 2026 snapshot

Cambridge in four numbers.

Median assessed value
$1,021,500
Average assessed value
$1,606,320
The median-average gap reflects the higher-value tail of the housing stock.
Est. sales per year
1,073
Owners 15+ years
40%

The data, spelled out

Cambridge's mid-2026 municipal assessment roll puts the median residential value at $1.02M and the average at $1.61M. An estimated 1,073 residential sales close in Cambridge per year, based on public transaction records — a turnover rate of about 4.5% across 23,858 residential parcels. 40% of owners have held 15+ years and 22% of parcels are absentee-owned as of mid-2026. Assessed values are set for tax purposes and lag open-market pricing; they anchor comparisons across towns, not what a specific home sells for.

Next door

How does Cambridge compare to its neighbors?

TownMedian assessedAverage assessedEst. sales / yr
Cambridge$1.02M$1.61M1,073
Somerville$963K$1.08M776
Arlington$986K$1.02M667

Assessed values from municipal records, mid-2026; sales estimates from public transaction records. Cross-town comparisons describe housing stock and pricing only.

Kealan's read · July 2026

Cambridge closes roughly 1,073 sales in a typical year — second only to Newton in my coverage — but the number that shapes strategy is the spread: a $1.02M median against a $1.61M average, the widest of any town I work. Price a Cambridge property off the citywide middle and you've priced it off a market it isn't in. My read for July: the condo segment and the single-family segment are moving on different clocks, and the sellers doing best are the ones whose pricing and preparation answer their own segment's comparables — with 40% of parcels held by long-tenure owners, the highest share I cover, listings from decades-long ownership need that segment discipline most.

— Kealan Green, Licensed Real Estate Salesperson, The Avenue at SERHANT.

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