Dalton, MA

The market in ZIP 01226 is currently experiencing a cooling trend. While inventory has increased substantially year-over-year and pending activity has significantly declined, median listing prices continue to show robust appreciation over the past year. However, the slowing pace of sales and increasing days on market suggest a shift in market dynamics.

Median listing prices in ZIP 01226 have demonstrated strong year-over-year growth at 27.5%, with a modest 0.2% increase in the most recent month. Active listings have expanded considerably, up 43.8% over the past year to 23 units. New listings remained stable year-over-year. The median days on market has lengthened significantly, rising 71.4% year-over-year to 42 days, indicating a slower pace of transactions. Concurrently, the pending ratio has decreased by 44.6% over the past year to 0.30, reflecting reduced buyer activity relative to available supply. The share of price-reduced listings is 19.1%, an increase of 19.1% year-over-year.

The substantial year-over-year increase in active listings and the notable decline in the pending ratio suggest that inventory pressure has eased considerably. This trend, coupled with a significant lengthening of the median days on market, indicates a shift in negotiating leverage. Buyers are likely to encounter a broader selection of properties and potentially more opportunities for price discipline, given the slower pace of transactions.

The average listing price, at $632,368, is substantially higher than the median listing price of $459,000, illustrating a significant premium for properties at the higher end of the market. This segment has also seen considerable year-over-year appreciation, with the average listing price up 63.7%. The median price per square foot is $208, an increase of 12.4% over the past year.