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City / Town Overview

Springfield, MA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The Springfield, MA real estate market currently shows 115 active listings, with 20 pending sales. Homes are averaging 49.7 days on the market before going under contract.

Inventory has tightened compared to last year, with 29 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49.7 days on market compared to 55.6 days last year.

The median listing price has risen 4.6% year-over-year, from $275,919 to $288,694.

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: 145,681  ·  Density: 2,254.5/mi²  ·  Median household income: $48,851

Typical home value: $198,801  ·  Homeownership: 48.6%

Included Areas

Springfield: 01101, 01102, 01103, 01104, 01105, 01107, 01108, 01109, 01111, 01115, 01118, 01119

Area Map

Market Overview

Active Listings
115
⇩ 20.1% vs 144 last year
Pending
20
17% pending ratio
Median Price
$288,694
⇧ 4.6% vs $275,919 last year
Average Price
$296,286
⇧ 1% vs $293,246 last year
Days on Market
49.7
⇩ 10.6% vs 56 days last year

Price Per Square Foot

Median $/sqft
$219
⇧ 11.4% vs $197/sqft last year
Median Home Size
1,320 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %