Pittsfield Home Prices & Values

$147,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -1.4% 1-year change
  • 1.2% 1-year forecast

The median home value in Pittsfield is $147,400. Pittsfield home values have declined -1.4% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Pittsfield is $123, which is lower than the Pittsfield Metro average of $163. The median price of homes currently listed in Pittsfield is $169,900 while the median price of homes that sold is $154,000.

Foreclosures will be a factor impacting home values in the next several years. In Pittsfield 1.4 homes are foreclosed (per 10,000). This is lower than the Pittsfield Metro value of 1.5 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pittsfield is 4.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pittsfield homeowners underwater on their mortgage is 14.6%, which is higher than Pittsfield Metro at 12.3%.

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Relative ZHVI
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Pittsfield Market Overview

Data through Aug 31, 2014
  • $147,400 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $169,900 Median listing price
  • $154,000 Median sale price
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Pittsfield Market Health

Data through Aug 31, 2014
  • 5.4/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 14.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes Pittsfield
1.5 homes Pittsfield Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Stockbridge $360,700 Richmond $352,900 Town of Lenox $331,100
Town of Lee $221,200 Hinsdale $212,400 Lanesboro $201,600
Hancock $201,400 Cheshire $182,900 Dalton $164,100

Listings & Sales

Data through Aug 31, 2014
  • $123 Median list price / sq ft
  • $115 Median sale price / sq ft
  • 44.7% Listings with price cut
12.0%
Sold below listing
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Pittsfield Rentals

Data through Aug 31, 2014
  • 1.6 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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