Cambridge, WI Real Estate

Cambridge Homes for Sale

The village of Cambridge, Wisconsin is vibrant community located in south central Wisconsin. The village is surrounded by farm fields with Koskonong Creek running through the area. There are many trails and community parks scattered throughout the area. The old-world charm of century-old buildings and Victorian storefronts are what makes the community so unique.

Real Estate
The Cambridge real estate market offers an array of homes for sale. Houses on the market include charming year-round Cottages, updated two-story houses, three-bedroom lakefront homes and custom-built homes with views of Lake Ripley. The average cost of home in Cambridge is $189,490.

Amenities
The Cambridge area is known for its local festivities throughout the year. The community holds events such as Fashion Walkabout, Touch-a Truck & Bike Rodeo, Annual Community Wide Rummage and/or Garage Sale. Cambridge Memorial Day Parade, Maxwell Street Days and Cambridge Country Christmas are other community activities that the whole family can enjoy.

Residents of Cambridge can enjoy many outdoor recreational opportunities. Lake Ripley offers plenty of activities such as swimming, water-skiing, boating and fishing. Ripley Park provides the perfect setting for picnics and recreational sports.

Glacial Drumlin State Trail maintains trails for hikers and mountain bikers who can catch a glimpse of the gorgeous landscape throughout their treks. More than 47-miles long, Glacial Drumlin is known as one of Wisconsin’s best bike trails.

Experienced mountain-bikers and hikers can test their durability at the Cam Rock County Park System. With about 500-acres of land for residents to use, Cam Rock connects the villages of Cambridge and Rockdale. The park’s area offers hiking, mountain-biking, picnicking and cross-country skiing. Cam Rock also has incorporated playgrounds and shelters for residents to use.

The area also offers fine dining including The Sports Page Bar & Restaurant, Mill on Main, Ripley’s Bakery & Eatery and Daily Grind Coffee Shoppe.

History
Cambridge saw its first sign of existence after the creation of a dam incorporated into Koshkonong Creek. The area saw a population growth of 250 residents in the 1860s. The business district and nearby homes saw destruction due to a fire in 1890. The automobile generated tourism to the village and Lake Ripley making it a tourist town in the 1920s. Cambridge used a blue and yellow umbrella to help promote their new found claim as a tourist attraction that is still used today.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Cambridge Elementary School (Cambridge) Cambridge School District Public 447 14 CAMBRIDGE ELEMENTARY SCHOOL GreatSchools Rating
Cambridge High School (Cambridge) Cambridge School District Public 277 12 CAMBRIDGE HIGH SCHOOL GreatSchools Rating
Nikolay Middle School (Cambridge) Cambridge School District Public 200 13 NIKOLAY MIDDLE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 5,169 85,836 5,852,878
Total Households 2,125 32,960 2,349,819
Total Families 1,469 22,458 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 56% 52% 58%
Blue Collar Jobs 44% 48% 42%

Top Occupations

Professions Population Employed
Professional Services 232
Sales 155
Manufacturing 111
Healthcare 109
Maintenance 83
Food 70
Transportation 64
Education 60
Management 60
Social Services 55

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 111 3,043 224,571
High School Graduate 1,135 20,526 1,256,597
Some College 746 12,282 833,955
Associates Degree 425 6,212 410,260
Bachelors Degree 856 9,467 747,113
Graduate Degree 350 4,148 384,121

Education Attainment


Market Conditions
Market Conditions for Cambridge - February 2021 | Shorewest Realtors®
February 2021

Market Conditions for Cambridge

Median Sale Price Graph

Median Sale Price

The median sale price for homes in February was $210,000. The median sales price for homes in February fell by ($75,000) compared to last month. This represents a 26.31% decrease from January. Compared to the same month last year, the median price of homes fell by ($174,000) representing a -45.31% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 2 in February to 14. This represents 16.66% increase from January when 12 homes were on the market. Compared to the same month last year when there were 9 homes for sale, the inventory of homes for sale has risen by 5 representing a 55.55% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 1 homes sold in February was the same as in January. Compared to the same month last year, the number of homes sold decreased by 4, a -80% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in February (5) increased by 2 days compared to January. This represents a 66.66% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 50, a -90.9% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 100.04% in February rose by 5.27% compared to January and increased 2.05% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in February (2) remained level Compared to February 2020, the number of new listings decreased by 3, a -60% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in February was $283,900. The median list price for homes in February fell by ($63,500) compared to last month. This represents a 18.27% decrease from January. Compared to the same month last year, the median list price of homes decreased ($166,000) representing a -36.89% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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