Belchertown, MA

The ZIP code is currently experiencing accelerated market conditions. A notable increase in the pending ratio year-over-year, alongside strong appreciation in median price per square foot, indicates heightened demand relative to available supply despite a slight month-over-month dip in median listing price.

The market demonstrates an accelerated pace with a year-over-year increase of 55.5% in the pending ratio, reaching 0.68. Active listings have seen a modest year-over-year increase of 5.6% to 29 units, while new listings have surged by 25.0% year-over-year to 20 units. The median listing price, at $599,950, shows a slight month-over-month decline of 3.2% but a positive year-over-year growth of 1.0%. Median days on market remain efficient at 24 days, reflecting a 3.2% year-over-year increase. Median price per square foot has experienced significant year-over-year growth of 16.9%, reaching $286.

The acceleration in the pending ratio suggests a more rapid absorption of available inventory, exerting pressure on the remaining supply. The growth in the median price per square foot illustrates robust price appreciation. While new listings have increased, signaling more options for prospective buyers, the overall pace favors disciplined pricing from sellers to capitalize on current demand dynamics.

The average listing price of $583,452 is below the median listing price of $599,950, indicating that higher-priced listings are moving at a slower pace or that there is a concentration of sales activity at the lower end of the pricing spectrum. The median price per square foot at $286 reflects strong value capture within the ZIP code.