Springfield - MA housing market
The Springfield metro has a typical home value of $381,545, up 3.0% from a year ago. Homes are moving fast at 9 days on market, a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($381,545) 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 3.0% over the past year. In Springfield - MA, that means a home worth $370,432 last year is now worth roughly $381,545.
The median sale price , what homes actually close for , is $348,375. Homes are selling at 101.4% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Springfield - MA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.
About 17.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 733 new listings hit the market each month in Springfield - MA. There are currently 1,352 homes for sale, up 8.8% from a year ago.
The typical monthly rent in Springfield - MA is $1,904, up 4.2% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.
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.
Other metros in MA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Boston - MA | $746,595 | +1.7% | 8.0d |
| Worcester - MA | $487,476 | +2.0% | 8.0d |