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Sixteen Acres

SPRINGFIELD, MA 01128

Real Estate Market Report  ·  Hampden County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01128

Sixteen Acres

Market Analysis

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

The SPRINGFIELD, MA real estate market (01128) currently shows 2 active listings, with 1 pending sales. Homes are averaging 2 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 2 days on market compared to 155 days last year.

The median listing price has fallen 6.2% year-over-year, from $309,000 to $289,900.

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: 3,063  ·  Density: 1,066.4/mi²  ·  Median household income: $77,050

Typical home value: $230,272  ·  Homeownership: 94.0%

Market Overview

Active Listings
2
⇩ 50% vs 4 last year
Pending
1
50% pending ratio
Median Price
$289,900
⇩ 6.2% vs $309,000 last year
Average Price
$289,900
⇩ 6.9% vs $311,333 last year
Days on Market
2
⇩ 98.7% vs 155 days last year

Price Per Square Foot

Median $/sqft
$318
⇧ 8.5% vs $293/sqft last year
Median Home Size
912 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 4 last year
  • Days on market: 2 now vs 155 last year

Median & Average Pricing

Year over Year
  • Median: $289,900 (-6.2% YoY)
  • Average: $289,900 (-6.9% 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 10.0 miles — 154 listings ($79,810,529 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01128Springfield, MA 011280.0 mi1$405,900$405,900$405,900
01118Springfield, MA 011181.9 mi27$9,032,364$323,250$334,532
01028East Longmeadow, MA 010282.5 mi15$10,029,840$717,000$668,656
01095Wilbraham, MA 010953.7 mi31$27,621,031$649,900$891,001
01151Indian Orchard, MA 011514.1 mi5$1,356,515$277,450$271,303
01105Springfield, MA 011054.7 mi7$1,578,682$206,000$225,526
01103Springfield, MA 011035.3 mi5$635,110$99,900$127,022
01107Springfield, MA 011076.3 mi2$674,900$337,450$337,450
01056Ludlow, MA 010566.9 mi20$11,223,860$569,900$561,193
01001Agawam, MA 010017.4 mi21$8,547,987$409,725$407,047
01013Chicopee, MA 010137.6 mi10$3,696,450$347,000$369,645
01057Monson, MA 010578.4 mi7$3,913,700$550,000$559,100
01030Feeding Hills, MA 0103010.0 mi3$1,094,190$389,000$364,730

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MA 01128?

As of March 2026, there are 2 active listings in SPRINGFIELD, MA (zip code 01128), compared to 4 the prior year.

What is the median home price in SPRINGFIELD, MA 01128?

The median listing price in SPRINGFIELD, MA 01128 is $289,900 as of March 2026, a 6.2% decrease from $309,000 the prior year.

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

Homes in SPRINGFIELD, MA 01128 spend an average of 2 days on the market before going under contract, compared to 155 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MA 01128?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, MA 01128 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 2 days on market compared to 155 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 01128 save an estimated $5,798 compared to a typical 5% commission on the median listing price of $289,900. 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.