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East Forest Park Sixteen Acres

SPRINGFIELD, MA 01118

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

Neighborhoods in ZIP 01118

East Forest Park · Sixteen Acres

Market Analysis

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

The SPRINGFIELD, MA real estate market (01118) currently shows 50 active listings, with 27 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are selling faster, averaging 19 days on market compared to 28 days last year.

The median listing price has fallen 1.4% year-over-year, from $329,475 to $324,975.

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Market Context

Market Context

Population: 15,112  ·  Density: 1,622.7/mi²  ·  Median household income: $78,354

Typical home value: $224,044  ·  Homeownership: 77.7%

Market Overview

Active Listings
50
⇧ 108.3% vs 24 last year
Pending
27
54% pending ratio
Median Price
$324,975
⇩ 1.4% vs $329,475 last year
Average Price
$327,208
⇩ 7.9% vs $355,116 last year
Days on Market
19
⇩ 32.1% vs 28 days last year

Price Per Square Foot

Median $/sqft
$229
⇩ 2.6% vs $235/sqft last year
Median Home Size
1,441 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 24 last year
  • Days on market: 19 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $324,975 (-1.4% YoY)
  • Average: $327,208 (-7.9% 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 9.7 miles — 181 listings ($75,995,907 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01118Springfield, MA 011180.0 mi27$9,032,364$323,250$334,532
01108Springfield, MA 011081.9 mi19$6,172,606$326,244$324,874
01119Springfield, MA 011192.2 mi12$3,983,004$288,625$331,917
01105Springfield, MA 011052.8 mi7$1,578,682$206,000$225,526
01103Springfield, MA 011033.4 mi5$635,110$99,900$127,022
01106Longmeadow, MA 011064.0 mi11$7,009,233$618,650$637,203
01107Springfield, MA 011074.5 mi2$674,900$337,450$337,450
01001Agawam, MA 010015.6 mi21$8,547,987$409,725$407,047
01036Hampden, MA 010366.0 mi2$1,189,450$594,725$594,725
01089West Springfield, MA 010896.7 mi19$6,226,984$336,225$327,736
01056Ludlow, MA 010567.6 mi20$11,223,860$569,900$561,193
06071Somers, CT 060717.9 mi13$8,314,371$652,175$639,567
06078Suffield, CT 060789.7 mi23$11,407,356$486,750$495,972

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MA 01118?

As of September 2026, there are 50 active listings in SPRINGFIELD, MA (zip code 01118), compared to 24 the prior year.

What is the median home price in SPRINGFIELD, MA 01118?

The median listing price in SPRINGFIELD, MA 01118 is $324,975 as of September 2026, a 1.4% decrease from $329,475 the prior year.

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

Homes in SPRINGFIELD, MA 01118 spend an average of 19 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MA 01118?

Based on current inventory and days-on-market data as of September 2026, SPRINGFIELD, MA 01118 is currently a Balanced Market. Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice. Homes are selling faster, averaging 19 days on market compared to 28 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 01118 save an estimated $6,500 compared to a typical 5% commission on the median listing price of $324,975. 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.