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: March 2026
Median Sale Price
$358K
↑ 5.6% YoY
Days on Market
33 days
↑ 17.9% YoY
Active Inventory
733
↓ 4.1% YoY
Homes Sold
353
↓ 13.5% 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 March 2026, the median home sale price is $358K, up 5.6% year-over-year. Homes are spending a median of 33 days on the market, 17.9% longer than a year ago.
There are 733 homes for sale — 4.1% fewer than last year. With 2.1 months of supply, this is a seller's market. 574 new listings were added during this period, up 7.7% year-over-year.
Homes are selling for 99.9% of their list price on average, suggesting room for negotiation. 44.8% of homes sell above their asking price. 18.7% 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
Prices are 18% below the national median, which could indicate stronger cash flow potential.
Springfield, MA metro area Market Trends
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Detailed Market Metrics
Median List Price
$371K
Price per Sq Ft
$231
Sale-to-List Ratio
99.9%
Months of Supply
2.1
Sold Above List
44.8%
Price Drops
18.7%
New Listings
574
↑ 7.7% YoY
Pending Sales
531
Off Market in 2 Weeks
59.3%
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.