Cambridge Median Sale Price Hits $1.76M as High-End Deals Define Late-May Market

CAMBRIDGE -- A $15.8 million acquisition of 2400 Massachusetts Ave. by the Cambridge Redevelopment Authority headlined a busy late-May period that pushed the market's median sale price to $1.76 million across 16 recorded transactions.

• MARKET OVERVIEW
• Sixteen sales were recorded between May 28 and June 26, with 15 of those carrying disclosed prices. The full price range ran from $254,479 to $15.8 million, and the median sale price among disclosed transactions was $1,760,000. The volume — 16 transactions in roughly four weeks — represents a moderately active period for Cambridge, where individual high-value sales can significantly influence overall price metrics. Fourteen of the 15 disclosed sales came in at $698,000 or above, underscoring the market's pronounced tilt toward the upper end.
• TOP SALES
• The period's highest-priced transaction was the $15.8 million purchase of 2400 Massachusetts Ave. by the Cambridge Redevelopment Authority from Mass Ave LLC, recorded May 29. The acquisition stands apart from the remainder of the sales as an institutional purchase by a public body rather than a residential transaction.

11 Goodman Rd. sold for $4.05 million on May 28; John Mendlein was the seller and Shiangie Amy Lee and Hubert Park were the buyers.

11 Ellsworth Ave., Unit 2 changed hands for $3.2 million on May 29. Ellsworth Holding LLC sold the property to Michael A. Miller and Mary Miller.

192 Upland Rd. sold for $2.475 million on May 29; sellers Melody L. Brazo and Joanna Bunker Rohrbaugh conveyed the property to Alexander Nathaniel Barrett and Julia Ariel Strauss.

A Cambridge property with no street address in the deed data sold for $2.065 million on May 29; the seller was the estate of George M. Anders and Brian J. Samuel, and the buyers were Joonpyo Sohn and Sun Young Hwang.

• NEIGHBORHOOD BREAKDOWN
• Upland Road produced two sales in the period: 192 Upland Rd. at $2.475 million and 80 Upland Rd., Unit B at $1.98 million, making it the most active single street by count among higher-priced properties.

Earhart Street also generated two sales: 2 Earhart St., Unit Tango 424 at $698,000 and 1 Earhart St., Unit 704 at $750,000 — both condominiums in what appears to be the same mixed-use corridor, forming a cluster in the $698,000–$750,000 range.

Four sales cleared $2 million (excluding the Massachusetts Avenue institutional purchase): Goodman Road, Ellsworth Avenue, Upland Road, and the address-incomplete transaction.

The $500,000–$1 million tier included four transactions: 124 Harvey St., Unit 2 at $810,000; 12 Inman St., Unit 41 at $759,000; 1 Earhart St., Unit 704 at $750,000; and 2 Earhart St., Unit Tango 424 at $698,000 — all condominiums.

The sole sale below $500,000 was 203 Columbia St., Unit G at $254,479, purchased by JAS Homeownership LLC from Deepak Swar.

• MARKET NOTES
• Of the 15 disclosed-price sales, at least nine involve units explicitly identified as condominiums based on deed language, suggesting condos dominated transaction volume for the period. The $1.76 million median is heavily influenced by the concentration of transactions at or above $1.3 million; eight of the 15 disclosed sales fell at or above that threshold.

One transfer — 7 Springfield St., Unit 4 — appears to be a conveyance into a revocable trust bearing the same grantor's name (Bennett Caughey), a trust-transfer pattern common in estate planning; price was not disclosed. The 497 Mt. Auburn St. sale for $1.65 million lists an estate as part of the grantor, indicating a potential estate settlement, though the property transferred to NERC Auburn LLC. No speculation on motivation is drawn from either transaction.

Sqft data was not available for any transaction; price-per-square-foot analysis is not possible for this period.