Springfield - MA housing market

The typical home value ($380,012) is the Zillow Home Value Index for the Springfield - MA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.2% over the past year. In Springfield - MA, that means a home worth $368,229 last year is now worth roughly $380,012.

The median sale price, what homes actually close for, is $346,374. Homes are selling at 102.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Springfield - MA sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 727 new listings hit the market each month in Springfield - MA. There are currently 1,481 homes for sale, up 14.1% from a year ago.

The typical monthly rent in Springfield - MA is $1,918, up 3.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.5x, toss-up (#114 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,954 a month in principal and interest, $36 more than renting before taxes, insurance and upkeep. The two break even at a 6.48% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →