Stockbridge, MA

The market in ZIP 01262 is classified as Cooling, reflecting a deceleration in transaction activity despite significant year-over-year price appreciation. A decreasing pending ratio, coupled with rising active inventory and extended days on market, indicates an easing of prior market intensity.

The median listing price currently stands at $1,490,000, having increased 5.5% month-over-month and a substantial 42.2% year-over-year. Active listings have grown by 60.0% year-over-year to 24 units, while new listings have decreased by 50.0% over the past year. The median days on market has lengthened to 47, an increase of 49.2% year-over-year. The price-reduced share is 12.1%, showing a 12.1% year-over-year increase. Pending listings are 7, resulting in a pending ratio of 0.29, which represents a 30.8% year-over-year decline.

The declining pending ratio of 0.29, down significantly year-over-year, suggests a reduced pace of contract activity relative to available inventory. The notable increase in active listings (up 60.0% year-over-year) indicates an easing of inventory pressure. The extension of median days on market to 47 days suggests that properties are taking longer to go under contract, potentially allowing for more discerning evaluation by prospective purchasers and a re-evaluation of price discipline by sellers.

The significant spread between the median listing price ($1,490,000) and the average listing price ($2,656,586), with the average increasing 114.2% year-over-year, underscores the substantial contribution of high-value properties to the overall market. The median price per square foot is $462, up 17.8% year-over-year, indicating strong underlying value appreciation across the segment, though the average listing price growth suggests particular strength at the upper end of the market.