Wilbraham, MA

The housing market in this ZIP code is currently experiencing accelerated conditions, characterized by strong year-over-year price appreciation and a robust pending ratio. While active inventory has expanded over the past year, demand indicators suggest a brisk pace of transactions.

The median listing price has increased 11.9% year-over-year, despite a modest 2.0% month-over-month decrease in the most recent period. New listings saw a notable 20.0% increase over the past year, contributing to a 15.2% rise in active listings. The pending ratio stands at 0.74, representing a substantial 52.5% increase year-over-year, indicating strong buyer activity relative to available inventory. Median days on market extended by 8.1% year-over-year to 47 days, while the share of price-reduced listings saw a marginal year-over-year increase of 0.3%.

The significant year-over-year increase in the pending ratio underscores a competitive environment where properties are transitioning to contract at an accelerated pace. This suggests sustained pressure on available inventory, supporting price discipline. The expansion in new listings has been met with heightened demand, limiting any substantial shift in negotiating leverage towards buyers.

The average listing price of $752,414 significantly exceeds the median listing price of $587,400, reflecting a substantial premium for higher-tier properties. The median price per square foot is $264, providing a baseline for value, with premium properties likely commanding considerably higher rates per square foot in the upper echelon of the market.