2025 Market Watch: Real Estate Sales in Review

As we examine real estate sales in 2025 compared to the previous year, there is good news to report. Here is a link to the PDF 2025 Market Watch full report, and remember the 2026 economist projections as well.  In summary;

Across the region, single-family residential sales rose 8%, with solid growth recorded in North, Central, and South County.  The condominium market continued to play an important role in residential housing, posting even stronger gains. Condo sales increased 14% in unit volume and 19% in total dollar volume. Despite this double-digit growth, average condominium prices rose modestly—less than 5%—bringing the countywide average to $503,615. The multifamily market of 1-4 units showed mixed results, and very regionally specific sales trends – north county sales slowed; central county had fewer sales, but the dollar volume of those rose from the previous year. South county multifamily sales rose considerably.

Not all sectors experienced growth. The land market continued to stall across all parts of the Berkshires. Land sales declined 22% in 2025, while dollar volume fell 23%. These trends reinforce the broader challenges facing housing production, particularly as building permits and land availability remain constrained. As economists continue to note, housing outcomes are shaped by local conditions. Regions with strong job growth, diverse housing stock, and proactive local policies tend to recover faster, while areas with limited supply and rising costs face ongoing pressure.

All Sales 2024 2025
Region # Sold $ Sold # Sold $ Sold
North 455 $140,459,369 482 $166,567,813
Middle 951 $381,576,266 976 $413,335,344
South 265 $196,144,665 279 $213,525,694
Total 1671 $718,180,300 1737 $793,428,851

Residential Report: Sales up 8%, Dollar Volume up 12%

In 2025, single-family home sales increased from 1,136 to 1,231 transactions, reflecting an 8% year-over-year gain. North County experienced a notable rebound, posting double-digit increases after a slow 2024. Meanwhile, Central and South County continued their pattern of moderate, steady growth seen over the past two years.

Central Berkshire led residential activity, driven by strong performance in Pittsfield, Dalton, and Richmond. Countywide, total single-family dollar volume reached $615 million, up from $547 million in 2024. Average sale prices rose modestly by 4%, reaching a countywide average of $499,350, with expected variation by town and region.

Condo Report: Sales up 14%, Dollar Volume up 19%

Condominium sales rose sharply in 2025 following modest gains in 2024. Total sales increased 14%, with 162 units sold countywide. All regions recorded growth. Dollar volume rose 19% overall, with double-digit gains in every part of the county, signaling strong momentum in this segment.

Despite higher activity, price growth remained restrained. Average condo prices increased less than 5% compared to their 2023 peak.
Northern Berkshire saw modest improvement, with sales rising from 51 to 52 units. However, dollar volume jumped from $15.6 million to $20 million. Central Berkshire posted 14% increases in both unit and dollar volume. South County, while the smallest condo market, recorded a statistically significant 88% increase in sales, rising from 8 to 15 units, along with a 44% increase in dollar volume. Average prices remained flat in Central Berkshire and declined in South County.

Multifamily Report: Sales down 9%, Dollar Volume up 5%

The multifamily market produced mixed results in 2025. Unit sales declined 9% overall, largely due to decreases in Northern and Central Berkshire. Despite fewer transactions, total dollar volume increased 5% countywide, rising from $51 million in 2024 to $53.6 million in 2025, driven by strong gains in South County.

After surging during the COVID-era market, multifamily sales have returned to pre-pandemic transaction levels, but at higher price points. Average sale prices for 1–5 unit buildings rose 5%, reaching a countywide average of $294,725.

Land Report: Sales down 22%, Dollar Volume down 23%

Land sales declined from 149 parcels in 2024 to 116 in 2025, a 22% drop. Dollar volume fell 23%, decreasing from $22.4 million to $17 million. After several strong years, the land market began contracting in 2022 and has declined annually since.

South County land sales surged in 2024 but reversed course in 2025, falling 23%. Northern and Central Berkshire experienced continued, steady declines. High building costs and restrictive codes remain obstacles to expanding workforce-priced housing. As construction costs fluctuate, monitoring building permits and development opportunities will be critical. Current land sales resemble 2018 levels, well below the 2004 peak of 258 annual transactions.

Commercial Report: Sales up 5%, Dollar Volume down 10%

The commercial real estate market continues to adjust following pandemic-related disruptions. After gains in 2021, a decline in 2022, and recovery in 2023, 2024 brought double-digit decreases in both sales and dollar volume, largely due to weakness in Northern and Southern Berkshire.

In 2025, commercial sales increased 5%, with 46 properties sold compared to 44 in 2024. However, dollar volume fell 10%, dropping from $29 million to $26 million. Central Berkshire recorded fewer sales than last year, while overall results reflect continued volatility in the sector.

In Summary

All real estate is local—and in Berkshire County, outcomes are highly regional and town-driven. For deeper context and historical analysis, readers are encouraged to consult the comprehensive MarketWatch report: 2025 Year End Market Watch Report.

Full Year PDF Editions: 2025 Year End Market Watch Report