Is Monterey, MA 01245 a buyer’s or seller’s market?
Monterey is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Monterey housing market right now
In the three months ending August 31, 2026, 0% of homes in Monterey, MA 01245 sold above their list price, the typical home went under contract in 42 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (65 days then) and the median sale price rose 56% to $1,221,971. Overall, Monterey is more competitive than a year ago, so tougher for buyers.
Within Berkshire County, homes here sell faster than in 61% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, South Lee 01260 (100% sold over asking) and Dalton 01226 (57% sold over asking) are even more competitive.
Run the numbers for 01245
Nearby markets
Adams 01220Seller’s market $193 /sq ftAshley Falls 01222Seller’s market $238 /sq ftBecket 01223Buyer’s market $258 /sq ftCheshire 01225Seller’s market $175 /sq ft Browse all markets →Where Monterey is
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Questions about Monterey real estate
Is Monterey a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Monterey, MA 01245 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Monterey?
The typical home went under contract in 42 days in the latest three months.
Do homes in Monterey sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Monterey?
About 1.32% of a home’s value a year in Berkshire County, or roughly $5,280 on a $400,000 home.
What is the median home price in Monterey?
The median sale price was $1,221,971 in the three months ending August 31, 2026, about $500 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology