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MA Avg Real Estate Commission Rate in Pittsfield, Massachusetts

Pittsfield is the largest city and the county seat of Berkshire County, Massachusetts, United States. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. The population was 44,737 at the 2010 census. Although the population has declined in recent decades, Pittsfield remains the fourth largest municipality in western Massachusetts, behind only Springfield, Holyoke, and Chicopee.

In 2005, Farmers Insurance ranked Pittsfield 20th in the United States as "Most Secure Place To Live" among small towns with fewer than 150,000 residents. In 2006, Forbes ranked Pittsfield as number 61 in its list of Best Small Places for Business. In 2008, Country Home magazine ranked Pittsfield as #24 in a listing of "green cities" east of the Mississippi. In 2009, the City of Pittsfield was chosen to receive a 2009 Commonwealth Award, Massachusetts' highest award in the arts, humanities, and sciences. In 2010, the Financial Times proclaimed Pittsfield the "Brooklyn of the Berkshires", in an article covering its recent renaissance.

In 2012, the city was listed among the 10 best places for single people to retire in the U.S. by U.S. News, due to the high number of single older residents and higher likelihood of finding companionship or a partner.

In 2016, the city was rated #5 in the Nation for prescription opiod abuse.

 

Pittsfield, Massachusetts Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Pittsfield, Massachusetts. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Pittsfield, Massachusetts, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Northeast rose 3.2%, to $282,300, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Massachusetts, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Barnstable Town $384,400 4.60%
Boston-Cambridge-Newton, MA-NH $464,900 6.70%
Pittsfield $206,800 8.30%
Providence-Warwick, RI-MA $280,400 5.60%
Springfield $206,900 2.60%
Worcester, MA-CT $255,700 5.50%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Massachusetts.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2000, there were 45,793 people, 19,704 households, and 11,822 families residing in the city. Pittsfield is the largest city by population in Berkshire County, and ranks 27th out of the 351 cities and towns in Massachusetts. The population density was 1,124.3 people per square mile (434.1/km²), making it the most densely populated community in county and 92nd overall in the Commonwealth. There were 21,366 housing units at an average density of 524.6 per square mile (202.5/km²). The racial makeup of the city in 2010 was 86.9% White, 4.99% African American, 0.14% Native American, 1.16% Asian (0.3% Indian, 0.3% Chinese, 0.2% Pakistani, 0.1% Vietnamese, 0.1% Korean, 0.1% Filipino), 0.04% Pacific Islander, 0.77% from other races, and 1.64% from two or more races. Hispanic or Latino of any race were 5.04% of the population (2.0% Puerto Rican, 0.7% Mexican, 0.4% Ecuadorian, 0.4% Salvadoran, 0.3% Colombian, 0.2% Spanish, 0.2% Dominican, 0.1% Cuban, 0.1% Guatemalan, 0.1% Peruvian).

There were 19,704 households out of which 27.3% had children under the age of 18 living with them, 42.9% were married couples living together, 13.1% had a female householder with no husband present, and 40.0% were non-families. 34.0% of all households were made up of individuals and 14.3% had someone living alone who was 65 years of age or older. The average household size was 2.26 and the average family size was 2.89.

In the city, the population was spread out with 23.2% under the age of 18, 6.9% from 18 to 24, 28.3% from 25 to 44, 23.0% from 45 to 64, and 18.6% who were 65 years of age or older. The median age was 40 years. For every 100 females there were 90.6 males. For every 100 females age 18 and over, there were 86.2 males.

The median income for a household in the city was $35,655, and the median income for a family was $46,228. Males had a median income of $35,538 versus $26,341 for females. The per capita income for the city was $20,549. About 8.9% of families and 11.4% of the population were below the poverty line, including 16.7% of those under age 18 and 7.1% of those age 65 or over.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Pittsfield - Massachusetts