Springfield MA › Market Report
Springfield MA Housing Market Report — 2026
TL;DR
Reviewed packet data uses Redfin Data Center exact-city all_cities.csv as the primary Springfield source: $309,840 median sale price (+5.39% YoY), 296 homes sold, 36 median days on market, 100.67% average sale-to-list ratio, 589 active listings, and 404 new listings for the city rolling 3-month period 2026-02-01 to 2026-04-30. Zillow Research separately reports city ZHVI of $298,985 through 2026-04-30. Deed, tax, probate, foreclosure, lien, recording, and closing-cost details remain property-specific SOURCE_GATE_ONLY / NEEDS_LEGAL_CONFIRMATION.
Key Market Metrics — Springfield Hampden County
| Metric | Value | Source |
|---|---|---|
| Median home value | $298,985 | Zillow Research city ZHVI (Springfield city, through 2026-04-30, +3.65% YoY) |
| Median sale price | $309,840 | Redfin Data Center all_cities.csv exact-city row (rolling 3 months 2026-02-01 to 2026-04-30, +5.39% YoY; row line 1849070) |
| Homes sold | 296 | Redfin Data Center all_cities.csv exact-city row (rolling 3 months 2026-02-01 to 2026-04-30, +14.21% YoY) |
| Median days on market | 36 days | Redfin Data Center all_cities.csv exact-city row (rolling 3 months 2026-02-01 to 2026-04-30) |
| Typical cash offer range | 70–80% of FMV before property-specific adjustments | Local investor norms |
| Deed/tax/recording costs | Source-gated / property-specific | SOURCE_GATE_ONLY / NEEDS_LEGAL_CONFIRMATION; confirm on closing statement with Massachusetts closing/title source |
| Foreclosure process | Source-gated / case-specific | Mass.gov source path only; timing, notices, cure period, auction status, and borrower options need current legal/case review |
Neighborhood Breakdown — Springfield Hampden County
| Neighborhood | Median Price Range |
|---|---|
| Forest Park | $195,000-$230,000 |
| Pine Point | $160,000-$210,000 |
| Six Corners | $145,000-$185,000 |
| Hungry Hill | $140,000-$180,000 |
| McKnight | $175,000-$220,000 |
| East Springfield | $130,000-$165,000 |
| Indian Orchard | $140,000-$175,000 |
| North End | $120,000-$160,000 |
Market Context — Springfield MA
Springfield is the birthplace of basketball (1891, YMCA on State Street) and home to the Basketball Hall of Fame. The Pioneer Valley's housing market is shaped by academic demand from area colleges and an evolving tech sector.
According to U.S. Census Bureau data, Hampden County has a diverse housing stock mix of owner-occupied and renter-occupied units. The median age of housing units reflects the area's industrial history, with significant inventory in the pre-1960 range.
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What This Means for Springfield Sellers
With 36 median days on market in the reviewed Redfin Data Center exact-city rolling 3-month row, a traditional sale in Springfield still takes time — and that's before accounting for inspection contingencies, financing contingencies, and repair negotiations. Properties that need work often sit longer or require significant price reductions.
A direct cash sale to USA Home Buyers can move on a seller-approved, title-ready timeline with no repairs required. We make the written offer clear, with deed, tax, recording, title, and closing-cost items confirmed on the property-specific closing statement. The trade-off: cash offers typically run 70–80% of fair market value before property-specific adjustments.
Get a Cash Offer Based on Current Springfield Market Data
Written offer in 24 hours based on current Hampden County comps. We cover all closing costs.
Data sources: Redfin Data Center all_cities.csv exact-city Springfield row (rolling 3 months 2026-02-01 to 2026-04-30; fetched/scanned 2026-05-26; Redfin LAST UPDATED 2026-05-03), Zillow Research city ZHVI through 2026-04-30, and U.S. Census Bureau QuickFacts/ACS context. Hampden County Redfin and Zillow metro metrics are context/proxy only, not city replacements. Individual property values vary. Contact us for a property-specific assessment.