Pittsfield, MA 01201 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the median sold price of 307,000, which signals relatively firm transaction pricing even as listing behavior diverges from sales expectations; given the gap to the median listing price of 229,950, sellers’ initial asks may not fully align with recent closed sales, which suggests pricing friction between list and sale levels.
2. Market velocity appears slow on paper despite a hot market classification: the median days on market is 2,112, which may indicate prolonged time-to-close for represented transactions and points to slower sales velocity even as price trends are upward.
3. Market-level trends show mixed signals: the price year-over-year trend is up and the market temperature is hot, supporting price appreciation, while the rent year-over-year trend is down and interest rate pressure is elevated, which may dampen investor demand and rental income prospects — together these factors create a cautious investment backdrop.
4. Supply context in the analyzed sample is best described as a relatively constrained active supply versus recent closed-sales activity, which, combined with a median price per square foot of 190 and a median market rent of 1,500, implies pricing strength for owner-occupiers but pressure on rental market returns given falling rents and higher financing costs.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.