The real estate market in Cambridge, Massachusetts, showed a sharp increase in single-family home prices and a simultaneous decline in condominium prices in February 2026, according to the Massachusetts Association of Realtors.
Both houses and condos saw year-over-year sales increases and declines in inventory in February.
Median Sales Price: Homebuyers needed more than $3 million to buy a median-priced home in Cambridge, MA. The median price reached $3,512,500 in February, up 24 percent from $2,837,500 in February 2025.
Closed Sales: Year-over-year sales rose by one to six in February.
Inventory of Homes for Sale: The supply of single-family homes slipped to 13 in February, two fewer than in February 2026.
Months Supply of Inventory: There was 1.4 months of supply, a 17.6 percent decrease from 1.7 months in February 2025.
Percent of Original List Price Received: Tight inventory led to increased competition for single-family homes. Home buyers paid 103 percent of the original listing price on average, up from 96 percent in February 2025.
Closed Sales: Home buyers purchased 11 houses through February, one fewer than the same period last year.
Percent of Original List Price Received: On average, home buyers paid 101 percent of the original listing price, up from 100 percent last year.
Median Sales Price: The median condo price fell by $139,500 to $782,500 in February, a 15 percent decrease from $922,000 in February 2025.
Closed Sales: Home buyers purchased 26 units in February, a 30 percent rise from 20 in February 2025.
Inventory of Homes for Sale: There were 89 condominiums on the market, down 5 percent from 94 units in February 2025.
Months Supply of Inventory: The months of supply remained flat at 2.2 months in February, down from 2.4 months in February 2025.
Percent of Original List Price Received: Home buyers paid, on average, about 96 percent of the original list price, a slight decrease from 98 percent.
Median Sales Price: $855,000, down 2.8 percent from $880,000 during the same two-month period in 2025
Closed Sales: Sales were flat year over year in February, rising by one to 50 units.
Percent of Original List Price Received: On average, home buyers paid 95 percent of the original listing price, down from 97 percent during the first two months of 2025.
Bottom Line: The divergent paths of the single-family and condominium sectors in Cambridge highlight the need for in-depth localized market data. In a dynamic market like Cambridge, sales and prices can shift quickly. A loyal and dedicated exclusive buyer agent can help you navigate tight inventory and multiple-offer situations in Cambridge’s fast-paced real estate market.
Pro Tip: About five months of inventory is considered a balanced market between home buyers and sellers [more home-buying tips].