Adams, MA

The ZIP code is currently characterized as Cooling. While median listing prices and new listings have seen substantial year-over-year growth, the significant decrease in the pending ratio and a rising active listing count suggest a shift toward moderated market activity.

Median listing price has risen considerably, up 35.6% over the past year to $339,000, accompanied by a 10.7% month-over-month increase. New listings have doubled year-over-year, reaching 8, while active listings have grown by 78.6% to 25. Median days on market increased by 16.5% over the past year to 64 days, indicating a slower pace of transactions. The share of price-reduced listings is 19.1%, a 5.7% increase year-over-year. The median price per square foot stands at $209, an 11.2% increase from the prior year.

The pending ratio, at 0.40, has experienced a substantial year-over-year decline of 31.4%. This metric, combined with increasing days on market and a rising count of active listings, suggests an easing of transactional intensity. Buyers may observe increased available inventory and a slightly longer window for consideration, which could translate to more measured negotiations. The growing share of price-reduced listings further indicates that price discipline is gaining importance, moving away from a rapid pace where properties moved quickly without significant adjustments.

The average listing price of $409,775 notably exceeds the median listing price of $339,000, indicating a segment of properties listed at higher values. This disparity, alongside the median price per square foot of $209, suggests that while the overall market is cooling, the premium segment continues to influence overall pricing trends, albeit potentially with extended marketing periods.