Northampton, MA

The Northampton housing market (ZIP 01060) is currently cooling, characterized by a significant increase in median listing price year-over-year, alongside a considerable rise in active and new listings. The pending ratio suggests a more measured pace of transactions.

The median listing price in ZIP 01060 has seen a substantial increase of 47.3% over the past year, reaching $799,000. Month-over-month, the median listing price also increased by 8.7%. Active listings have expanded by 27.9% year-over-year, totaling 39 properties, while new listings jumped by 83.3% over the same period, with 22 new properties introduced. Median days on market increased by 18.5% year-over-year to 35 days, indicating properties are taking longer to find buyers. The share of price-reduced properties decreased by 3.5% annually to 14.1%. The pending ratio is 0.35, representing a 16.6% year-over-year increase, signaling a more tempered demand relative to available inventory. The median price per square foot increased by 7.9% over the past year to $387.

The rising active and new listings, combined with an increase in days on market, suggest that inventory pressures are easing. While prices have appreciated significantly, the expanding supply and moderating pending ratio indicate that negotiating leverage for price discipline is growing.

The average listing price of $795,445 is very close to the median listing price of $799,000, suggesting a relatively uniform market without a significant divergence between entry-level and luxury segments. With a median price per square foot of $387, higher-end properties are pricing consistently within the broader market trends.