Easthampton, MA

The Easthampton, MA market (ZIP 01027) is currently experiencing a period of intense activity, classified as Very Competitive. A robust pending ratio exceeding 1.0 indicates strong demand outpacing available inventory, leading to swift transaction paces despite some price adjustments.

The market exhibits a significant year-over-year increase in pending listings, reflecting heightened buyer engagement. The pending ratio has risen dramatically over the past year, reaching 1.21. Active listings have seen a modest decrease year-over-year, alongside a substantial increase in new listings over the past year. Median days on market have compressed by 10.1% over the past year, indicating an accelerated pace of sales. While the median listing price has remained stable month-over-month, it has seen a year-over-year decline of 5.4%, and the median price per square foot has also decreased by 6.3% over the past year. The share of price-reduced listings has decreased year-over-year by 7.2%, suggesting some price discipline.

The pending ratio of 1.21 signals significant inventory pressure, with demand exceeding the current supply of active listings. This dynamic implies reduced negotiating leverage for buyers, as properties are moving quickly, evidenced by the compressed median days on market. While overall median pricing has seen year-over-year moderation, the pace of transactions suggests that well-positioned properties are attracting prompt offers, maintaining a competitive environment for available homes.

Within ZIP 01027, the average listing price of $584,850 significantly exceeds the median listing price of $525,000, indicating a notable contribution from higher-value properties. The year-over-year decline in the average listing price of 19.1% suggests a rebalancing within this upper segment, potentially reflecting either reduced list prices or a shift in the composition of available luxury inventory over the past year.