South Hadley, MA

The South Hadley market is currently experiencing accelerated conditions, marked by robust price appreciation and a notable increase in new and active inventory. While inventory levels have risen significantly over the past year, strong pending activity suggests a market still absorbing supply at a rapid pace.

The median listing price currently stands at $579,000, showing no change month-over-month but an substantial 37.9% increase year-over-year. Active listings have expanded considerably, up 158.8% over the past year to 44 units, complemented by a 100.0% year-over-year rise in new listings, now totaling 24. Median days on market remain stable at 48 days, a marginal 1.0% decrease from the prior year. The median price per square foot has also seen strong growth, increasing 16.9% year-over-year to $291. Notably, the price-reduced share has tightened to 7.0%, a 6.3% decrease over the past year, indicating less downward price pressure.

With a pending ratio of 0.66, which has increased 42.4% over the past year, the market is characterized by a rapid pace of transactions relative to available supply. The significant increase in both active and new listings suggests some easing of inventory pressure compared to the prior year. However, the strong pending ratio and continued median price appreciation indicate that demand is effectively absorbing new supply, maintaining price discipline and limiting negotiating leverage for buyers despite rising inventory.

The average listing price of $555,226 is below the median listing price of $579,000, suggesting that the very highest-priced properties are not disproportionately skewing the average upward at the latest data snapshot. The market's median price per square foot is $291.