Hinsdale, MA

The housing market in this ZIP code is currently categorized as Very Weak. The median listing price has seen a year-over-year decline, accompanied by a significant increase in active listings and a reduced pending ratio, signaling a challenging environment for sellers.

As of the latest data, the median listing price stands at $487,023, marking a 2.4% decrease month-over-month and a 2.1% decline year-over-year. Active listings have expanded considerably, up 40.0% over the past year to 14 units, while new listings have doubled year-over-year to 8. The median days on market has increased marginally by 5.1% year-over-year to 41 days. Despite this, the share of price-reduced listings has decreased by 31.1% year-over-year to 16.0%. The pending ratio has contracted by 8.6% year-over-year to 0.21, reflecting a reduction in demand relative to supply. The median price per square foot is down 3.5% year-over-year at $311.

With a pending ratio of 0.21 and a 40.0% year-over-year increase in active listings, the market is experiencing significant inventory pressure. This environment suggests that buyers have greater latitude for price discipline and negotiation, while sellers face extended marketing periods and increased competition.

The average listing price of $459,579 is below the median listing price of $487,023. The median price per square foot is $311.