Springfield, MA Home Values & Market Trends
Real estate market trends reflect that there have been 1,044 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $307,005. The number of current listings in Springfield is 1,715, and the percentage of properties for sale in the city is 1715.00%. Springfield, MA currently has 177 properties in foreclosure, 5 bank owned properties, 36 properties headed for auction, and 1,715 properties for sale.
Springfield, MA Real Estate Market Overview
Housing Market Summary for Springfield, MA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $276.9K | $299.9K | 8.29% |
| Median Sold Price | $297.6K | $282.3K | -5.16% |
| Homes For Sale | 1,791 | 1,688 | -5.75% |
| Homes Sold | 504 | 413 | -18.06% |
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 $66,552 to $1,150,000. The median estimated value of a home in Springfield is $307,005. The median list price of a home is 299,900, and the total count of properties in the city is 2,482.
- Pre-ForeclosurePre-foreclosure homes account for 5.48% of all residential properties in Springfield, MA with 01109 containing 42 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 $346,676 in 01128 to the lowest home value of $171,691 in 01109.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Springfield, MA ranges from the highest value of $239,855 in 01119 to the lowest value of $191,799 in 01109. Bank owned homes and properties account for 0.20% of properties in Springfield, MA. There are 11 zips within Springfield, MA; 01109 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions01104 has 10 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 1.45% 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 $317,817 in 01118 to the lowest value of $233,394 in 01118.
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Guide for Springfield, MA
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
