Springfield, MA
Housing market overview · Updated weekly
$302,500median sale price
Homes sold
94
Last 12 weeks
Days on market
41
Average pace
Active listings
160
1.7 months supply
Sale-to-list
100.3%
Above asking
The Springfield housing market is currently classified as a strong seller's market with a median sale price of $302,500. Prices have risen 7.1% compared to last year, with homes spending an average of 41 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $302,500, up 7.1% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 41 days on market before going under contract.
Is Springfield a buyer's or seller's market?
With 1.7 months of supply, Springfield is currently a strong seller's market.
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