Is Springfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Springfield has remained a Seller's Market.
How much do homes in Springfield, MA cost?
Median Sold Price
$260,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $131.2K | $112.5K | -14.3% |
2 Bedrooms | $191.6K | $216K | +12.7% |
3 Bedrooms | $235K | $259.6K | +10.5% |
4 Bedrooms | $249.8K | $270K | +8.1% |
5+ Bedrooms | $255K | $300K | +17.6% |
Median Sold Price Compared To Nearby Cities
East Longmeadow | $315K | $350K | +11.1% |
Springfield | $235K | $260K | +10.6% |
Ludlow | $272.2K | $295K | +8.4% |
Chicopee | $248.7K | $267.7K | +7.6% |
Wilbraham | $385K | $400K | +3.9% |
How many homes are available in Springfield, MA?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
450 | 354 | -21.3% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 58 | 49 | -15.5% |
3 Bedrooms | 154 | 120 | -22.1% |
4 Bedrooms | 95 | 71 | -25.3% |
5+ Bedrooms | 134 | 107 | -20.1% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
137 | 109 | -20.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
31 Days | 38 Days | +21.6% |
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days