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Forest Park Forest Park Heights Maple Hill Six Corners South End

SPRINGFIELD, MA 01108

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01108

Forest Park · Forest Park Heights · Maple Hill · Six Corners · South End

Market Analysis

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

The SPRINGFIELD, MA real estate market (01108) currently shows 20 active listings, with 2 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 49 days last year.

The median listing price has risen 12.5% year-over-year, from $290,000 to $326,244.

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: 26,198  ·  Density: 2,939.5/mi²  ·  Median household income: $48,465

Typical home value: $201,505  ·  Homeownership: 45.3%

Market Overview

Active Listings
20
⇧ 53.8% vs 13 last year
Pending
2
10% pending ratio
Median Price
$326,244
⇧ 12.5% vs $290,000 last year
Average Price
$324,874
⇩ 1.7% vs $330,445 last year
Days on Market
56
⇧ 14.3% vs 49 days last year

Price Per Square Foot

Median $/sqft
$209
⇧ 15.5% vs $181/sqft last year
Median Home Size
1,497 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 13 last year
  • Days on market: 56 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $326,244 (+12.5% YoY)
  • Average: $324,874 (-1.7% 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 9.2 miles — 250 listings ($104,666,393 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01108Springfield, MA 011080.0 mi23$7,249,784$315,000$315,208
01118Springfield, MA 011181.9 mi25$8,279,575$310,000$331,183
01106Longmeadow, MA 011062.4 mi11$6,949,569$599,900$631,779
01028East Longmeadow, MA 010283.4 mi19$11,476,741$582,450$604,039
01001Agawam, MA 010013.7 mi24$9,678,576$395,000$403,274
01128Springfield, MA 011283.7 mi2$720,888$360,444$360,444
01129Springfield, MA 011294.6 mi15$4,856,145$314,999$323,743
01089West Springfield, MA 010895.6 mi19$6,401,233$332,500$336,907
01030Feeding Hills, MA 010306.3 mi6$3,075,480$459,900$512,580
06082Enfield, CT 060826.7 mi75$29,784,975$348,750$397,133
01036Hampden, MA 010367.4 mi3$1,715,301$499,900$571,767
01022Chicopee, MA 010228.0 mi3$734,451$244,950$244,817
01056Ludlow, MA 010569.2 mi25$13,743,675$519,700$549,747

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MA 01108?

As of February 2026, there are 20 active listings in SPRINGFIELD, MA (zip code 01108), compared to 13 the prior year.

What is the median home price in SPRINGFIELD, MA 01108?

The median listing price in SPRINGFIELD, MA 01108 is $326,244 as of February 2026, a 12.5% increase from $290,000 the prior year.

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

Homes in SPRINGFIELD, MA 01108 spend an average of 56 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MA 01108?

Based on current inventory and days-on-market data as of February 2026, SPRINGFIELD, MA 01108 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 49 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 01108 save an estimated $6,525 compared to a typical 5% commission on the median listing price of $326,244. 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.