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City / Town Overview

Springfield, MA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Springfield, MA real estate market currently shows 129 active listings, with 29 pending sales. Homes are averaging 31.3 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31.3 days on market compared to 53.1 days last year.

The median listing price has risen 7.4% year-over-year, from $278,010 to $298,705.

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Market Context

Market Context

Population: 145,681  ·  Density: 2,254.5/mi²  ·  Median household income: $48,851

Typical home value: $198,801  ·  Homeownership: 48.6%

Included Areas

Springfield: 01104, 01108, 01109, 01119, 01152

Metro Center: 01101, 01103, 01115, 01144

South End: 01105, 01138

Memorial Square: 01107, 01199

Old Hill: 01111, 01139

Sixteen Acres: 01128, 01129

Bay: 01102

East Forest Park: 01118

Area Map

Market Overview

Active Listings
129
⇩ 15.7% vs 153 last year
Pending
29
22% pending ratio
Median Price
$298,705
⇧ 7.4% vs $278,010 last year
Average Price
$315,387
⇧ 7.6% vs $292,982 last year
Days on Market
31.3
⇩ 41.1% vs 53 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 12.1% vs $192/sqft last year
Median Home Size
1,394 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %