There are no two municipalities in our fair region more inextricably linked in residents' minds than Somerville and Cambridge. The two cities basically bleed into each other geographically and feed off many of the same industries (academia, tech, services). So when it comes to home-shopping, Cambridge and Somerville are usually (we dare say) on a prospective buyer's radar in equal measure.
So what of their respective condo prices during the past decade. Real estate research site NeighborhoodX has run down several areas, comparing average sales prices per square foot in 2006 with those in 2015. Big-picture takeaway? Prices have gone up across the board in Somerville and Cambridge.
A deeper dive, with the aid of NeighborhoodX co-founder Constantine Valhouli, shows nuggets such as Winter Hill in Somerville and Harvard Square in Cambridge book-ending the price range both in 2006 and 2015 (the former was cheapest both times and the latter most expensive).
Also, some neighborhoods changed price-wise more than others. Condo sales prices in Kendall Square (Cambridge) and Winter Hill jumped 107 percent from 2006 to 2015; and East Cambridge's average per square foot increased 105 percent. Price growth was more modest in Harvard Square (Cambridge) and North Cambridge, where the average increased 52 percent and 25 percent, respectively.
- Cambridge and Somerville: 2015 vs. 2006 [NeighborhoodX]