Pittsfield, MA 01201 Real Estate Market Report

ZIP Code: 01201
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Pittsfield, MA as of April 2026 is showing a median sold price of $320,000, reflecting a stable market with slight appreciation trends. The neighborhood has increased 15% since 2023, indicating a positive trajectory in property values. This upward movement in sold prices suggests a strengthening demand, despite the current market temperature being classified as neutral.

Transaction activity appears moderate, with 215 days on market indicating slower sales velocity. Elevated inventory levels are present, suggesting excess supply relative to sales activity. The median listing price stands at $335,000, which may indicate some pricing friction as sellers adjust expectations in response to market conditions. Overall, the market remains balanced, with positive trends in rental prices contributing to a generally favorable environment for both buyers and sellers.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pittsfield, MA are averaging 6.38%, which is 0.16% higher than the 6.22% average from March 2025.

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

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Key Findings

1. The median sold price of $320,000 reflects a stable market with slight appreciation trends.

2. Transaction velocity is slower, with properties averaging 215 days on market, indicating a need for strategic pricing.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may impact negotiation dynamics.

4. The median listing price of $335,000 indicates potential pricing friction as sellers align with market realities.

5. Rental prices are on the rise, with a median market rent of $1,800, contributing positively to the overall market sentiment.

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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.