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Metro Center Quadrangle-Mattoon (Mattoon)

SPRINGFIELD, MA 01103

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01103

Metro Center · Quadrangle-Mattoon (Mattoon)

Market Analysis

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

The SPRINGFIELD, MA real estate market (01103) currently shows 6 active listings, with 1 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 42 days on market compared to 48 days last year.

The median listing price has fallen 45.8% year-over-year, from $179,900 to $97,450.

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: 2,245  ·  Density: 1,993.6/mi²  ·  Median household income: $21,288

Typical home value: $299,749  ·  Homeownership: 7.8%

Market Overview

Active Listings
6
⇧ 200% vs 2 last year
Pending
1
17% pending ratio
Median Price
$97,450
⇩ 45.8% vs $179,900 last year
Average Price
$123,150
⇩ 31.5% vs $179,900 last year
Days on Market
42
⇩ 12.5% vs 48 days last year

Price Per Square Foot

Median $/sqft
$140
⇩ 26.7% vs $191/sqft last year
Median Home Size
760 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 2 last year
  • Days on market: 42 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $97,450 (-45.8% YoY)
  • Average: $123,150 (-31.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.4 miles — 174 listings ($76,396,899 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01103Springfield, MA 011030.0 mi8$1,059,896$97,450$132,487
01107Springfield, MA 011071.4 mi1$329,900$329,900$329,900
01104Springfield, MA 011042.3 mi15$4,481,685$299,207$298,779
01118Springfield, MA 011183.4 mi25$8,279,575$310,000$331,183
01089West Springfield, MA 010893.4 mi19$6,401,233$332,500$336,907
01013Chicopee, MA 010134.0 mi11$3,896,618$330,000$354,238
01020Chicopee, MA 010205.1 mi19$6,295,973$325,000$331,367
01128Springfield, MA 011285.3 mi2$720,888$360,444$360,444
01129Springfield, MA 011295.4 mi15$4,856,145$314,999$323,743
01022Chicopee, MA 010226.9 mi3$734,451$244,950$244,817
01095Wilbraham, MA 010958.4 mi31$26,587,460$621,200$857,660
06078Suffield, CT 060788.5 mi22$11,037,774$486,750$501,717
01036Hampden, MA 010369.4 mi3$1,715,301$499,900$571,767

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MA 01103?

As of February 2026, there are 6 active listings in SPRINGFIELD, MA (zip code 01103), compared to 2 the prior year.

What is the median home price in SPRINGFIELD, MA 01103?

The median listing price in SPRINGFIELD, MA 01103 is $97,450 as of February 2026, a 45.8% decrease from $179,900 the prior year.

How long do homes stay on the market in SPRINGFIELD, MA?

Homes in SPRINGFIELD, MA 01103 spend an average of 42 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MA 01103?

Based on current inventory and days-on-market data as of February 2026, SPRINGFIELD, MA 01103 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 42 days on market compared to 48 days last year.

How much can I save on real estate commission in SPRINGFIELD, MA?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, MA 01103 save an estimated $1,949 compared to a typical 5% commission on the median listing price of $97,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.