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Forest Park Forest Park Heights Maple Hill Six Corners South End

SPRINGFIELD, MA 01108

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01108

Forest Park · Forest Park Heights · Maple Hill · Six Corners · South End

Market Analysis

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

The SPRINGFIELD, MA real estate market (01108) currently shows 25 active listings, with 3 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 32 days on market compared to 33 days last year.

The median listing price has risen 10.2% year-over-year, from $292,400 to $322,350.

Whether you are buying or selling in SPRINGFIELD, MA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 26,198  ·  Density: 2,939.5/mi²  ·  Median household income: $48,465

Typical home value: $201,505  ·  Homeownership: 45.3%

Market Overview

Active Listings
25
⇧ 66.7% vs 15 last year
Pending
3
12% pending ratio
Median Price
$322,350
⇧ 10.2% vs $292,400 last year
Average Price
$334,879
⇩ 0.3% vs $335,809 last year
Days on Market
32
⇩ 3% vs 33 days last year

Price Per Square Foot

Median $/sqft
$204
⇧ 15.3% vs $177/sqft last year
Median Home Size
1,606 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 15 last year
  • Days on market: 32 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $322,350 (+10.2% YoY)
  • Average: $334,879 (-0.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.2 miles — 222 listings ($97,413,782 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01108Springfield, MA 011080.0 mi19$6,172,606$326,244$324,874
01118Springfield, MA 011181.9 mi27$9,032,364$323,250$334,532
01106Longmeadow, MA 011062.4 mi11$7,009,233$618,650$637,203
01028East Longmeadow, MA 010283.4 mi15$10,029,840$717,000$668,656
01001Agawam, MA 010013.7 mi21$8,547,987$409,725$407,047
01128Springfield, MA 011283.7 mi1$405,900$405,900$405,900
01129Springfield, MA 011294.6 mi8$2,556,800$299,950$319,600
01089West Springfield, MA 010895.6 mi19$6,226,984$336,225$327,736
01030Feeding Hills, MA 010306.3 mi3$1,094,190$389,000$364,730
06082Enfield, CT 060826.7 mi70$32,520,670$403,674$464,581
01036Hampden, MA 010367.4 mi2$1,189,450$594,725$594,725
01022Chicopee, MA 010228.0 mi6$1,403,898$234,450$233,983
01056Ludlow, MA 010569.2 mi20$11,223,860$569,900$561,193

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MA 01108?

As of March 2026, there are 25 active listings in SPRINGFIELD, MA (zip code 01108), compared to 15 the prior year.

What is the median home price in SPRINGFIELD, MA 01108?

The median listing price in SPRINGFIELD, MA 01108 is $322,350 as of March 2026, a 10.2% increase from $292,400 the prior year.

How long do homes stay on the market in SPRINGFIELD, MA?

Homes in SPRINGFIELD, MA 01108 spend an average of 32 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MA 01108?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, MA 01108 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 32 days on market compared to 33 days last year.

How much can I save on real estate commission in SPRINGFIELD, MA?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, MA 01108 save an estimated $6,447 compared to a typical 5% commission on the median listing price of $322,350. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.