Charlemont, MA

The local market in ZIP 01339 is currently experiencing Accelerated conditions. While the median listing price shows a modest year-over-year decline, strong month-over-month growth and a healthy pending ratio indicate sustained demand. Extremely low new listing volume is constraining inventory, leading to prolonged market times for existing stock.

The median listing price has increased 4.3% in the most recent month, despite a 1.1% decline over the past year. Active listings have decreased 12.5% year-over-year to 7 units, further compounded by a 100.0% year-over-year reduction in new listings. This contraction in available properties has contributed to a 28.8% year-over-year increase in median days on market, now at 85 days. The pending ratio of 0.71, based on 5 pending listings against 7 active listings, signifies robust underlying demand.

The reduced influx of new properties into the market, evidenced by zero new listings in the most recent period, creates inventory pressure that generally favors sellers in negotiations. However, the extended median days on market suggests that while demand is present, buyers are exercising price discipline, as reflected in the slight year-over-year decrease in median listing price and median price per square foot. The absence of price reductions among current listings further indicates that sellers are holding firm, despite the longer market exposure.

The significant spread between the median listing price ($519,000) and the average listing price ($831,750) suggests a distinct upper echelon of properties driving the average upward, even as the median price per square foot ($263) reflects a 17.1% year-over-year decline across all listings. This indicates that while the broader market shows some price softening, the luxury segment continues to command a premium, with the average listing price increasing 15.4% year-over-year.