Springfield, MA metro area Housing Market
Warm MarketComprehensive housing market data for the Springfield, MA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$345K
↑ 4.3% YoY
Days on Market
35 days
↑ 2.9% YoY
Active Inventory
731
↓ 6.0% YoY
Homes Sold
338
↓ 18.7% YoY
Warm Market
The market is active with moderate buyer demand.
Springfield, MA metro area Market Summary
The Springfield, MA metro area housing market is heating up. As of January 2026, the median home sale price is $345K, up 4.3% year-over-year. Homes are spending a median of 35 days on the market, 2.9% longer than a year ago.
There are 731 homes for sale — 6.0% fewer than last year. With 2.2 months of supply, this is a seller's market. 374 new listings were added during this period, down 9.9% year-over-year.
Homes are selling for 100.2% of their list price on average, indicating buyers are paying above asking. 44.7% of homes sell above their asking price. 22.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Massachusetts Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 18% below the national median, which could indicate stronger cash flow potential.
Springfield, MA metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$350K
Price per Sq Ft
$226
Sale-to-List Ratio
100.2%
Months of Supply
2.2
Sold Above List
44.7%
Price Drops
22.9%
New Listings
374
↓ 9.9% YoY
Pending Sales
406
Off Market in 2 Weeks
37.7%
Other Markets in Massachusetts
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.