Becket, MA

The market in ZIP 01223 is Cooling. The median listing price has declined 9.7% over the past year, while active listings have decreased by 23.8%. The median days on market saw a significant increase of 49.1% year-over-year, indicating a slower pace of transactions. Despite a stable pending ratio year-over-year, the current dynamics suggest reduced intensity.

The median listing price has experienced a notable year-over-year decrease of 9.7%. Concurrently, active listings have contracted by 23.8% over the past year, while new listings remained stable. The median days on market expanded by 49.1% year-over-year, suggesting a slower absorption rate. The price-reduced share increased by 7.1% year-over-year to 23.1%, reflecting adjustments in pricing strategies. The pending ratio stands at 0.25, demonstrating a year-over-year increase of 13.1%, but this is insufficient to offset other cooling indicators.

The slower pace, evidenced by a significant increase in median days on market and a rising share of price reductions, suggests that purchasers may find greater opportunities for price discipline. While active inventory has decreased, the overall market dynamics indicate reduced pressure for rapid decisions.

The average listing price of $704,784 significantly exceeds the median listing price of $499,000, indicating a distinct luxury tier within the market. The median price per square foot is $287, representing a year-over-year increase of 4.9%.