Springfield, MA Home Values & Market Trends
Real estate market trends reflect that there have been 1,827 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $271,336.43. The number of current listings in Springfield is 29, and the percentage of properties for sale in the city is 29.00%. Springfield, MA currently has 229 properties in foreclosure, 10 bank owned properties, 48 properties headed for auction, and 29 properties for sale.
Springfield, MA Real Estate Market Overview
Housing Market Summary for Springfield, MA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $209.4K | $265.8K | 26.93% |
| Median Sold Price | $244.6K | $265.8K | 8.68% |
| Homes For Sale | 32 | 33 | 3.13% |
| Homes Sold | 900 | 840 | -6.67% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Springfield, MA
Browse Homes in Springfield, MA
Springfield home values range from $20,312 to $15,698,039. The median estimated value of a home in Springfield is $271,336.43. The median list price of a home is 209,900, and the total count of properties in the city is 35,846.
- Pre-ForeclosurePre-foreclosure homes account for 0.48% of all residential properties in Springfield, MA with 01109 containing 45 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Springfield, MA; of those zips, the estimated home value for pre-foreclosure homes ranges from $336,250 in 01119 to the lowest home value of $174,999 in 01104.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Springfield, MA ranges from the highest value of $301,500 in 01108 to the lowest value of $146,500 in 01109. Bank owned homes and properties account for 0.03% of properties in Springfield, MA. There are 11 zips within Springfield, MA; 01109 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions01104 has 12 auction properties, the highest number of properties going to auction in a single zip in the state of Springfield, MA. Auction homes and other auction properties account for 0.13% of all properties in Springfield, MA. There are 11 zips within Springfield, MA; of those zips, the median estimated home value for homes going to auction ranges from $286,300 in 01129 to the lowest value of $180,000 in 01129.
Compare Nearby Cities
More Real Estate Resources for Springfield, MA
Guide for Springfield, MA
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