Is Springfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springfield is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Springfield has remained a Seller's Market.

Key Takeaway

Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Springfield, MA cost?

Median Sold Price

$235,167

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$36,233(+18.2%)

Key Takeaway

Homes in Springfield have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $120K$130.5K
+8.8%
2 $165.9K$191.5K
+15.4%
3 $198.7K$235K
+18.3%
4 $214K$249.9K
+16.8%
5+ $230K$255.5K
+11.1%

Median Sold Price Compared To Nearby Cities

Springfield
+18.2%
Wilbraham
+17.2%
Ludlow
+14.5%
Chicopee
+14.1%
East Longmeadow
+3.3%

How many homes are available in Springfield, MA?

Number of Homes For Sale

Nov 2021Dec 2021%
644604-6.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 108
-20.0%
2 6368
+7.9%
3 223197
-11.7%
4 160144
-10.0%
5+ 188187
-0.5%

Number of Homes Sold

Nov 2021Dec 2021%
156178+14.1%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

113 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springfield, you could pay more than the asking price. 63.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
30 Days31 Days+3.1%

Breakdown of Home Sale Times

120 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springfield are selling fast, if you're buying plan to act quickly.

194 Roosevelt Ave, Springfield, MA 01118

194 Roosevelt Ave, Springfield, MA 01118

$249,900~$950/mo.*
2 Beds • 2 Baths1,169 SqFt
Gerber Group#72936302Listing Office:
Gallagher Real EstateMLS logo
170 Plumtree Rd, Springfield, MA 01118

170 Plumtree Rd, Springfield, MA 01118

$299,900~$1,150/mo.*
2 Beds • 2 Baths1,300 SqFt
Wheway Group#72936299Listing Office:
Coldwell Banker Realty - LongmeadowMLS logo
60 Arnold Ave, Springfield, MA 01119

60 Arnold Ave, Springfield, MA 01119

$249,900~$950/mo.*
3 Beds • 2 Baths1,064 SqFt
DeLia Rodriguez#72936214Listing Office:
Keller Williams RealtyMLS logo
411 Wilbraham Rd, Springfield, MA 01109

411 Wilbraham Rd, Springfield, MA 01109

$310,000~$1,150/mo.*
10 Beds • 4 Baths7,336 SqFt
The Rez Group#72936209Listing Office:
Gallagher Real EstateMLS logo
138 Avery St, Springfield, MA 01119

138 Avery St, Springfield, MA 01119

$230,000~$850/mo.*
3 Beds • 1 Bath1,400 SqFt
Kimberly Amundarain#72936202Listing Office:
Executive Real Estate, Inc.MLS logo
30 Tinkham Rd, Springfield, MA 01129

30 Tinkham Rd, Springfield, MA 01129

$265,000~$1,000/mo.*
4 Beds • 2 Baths2,089 SqFt
Karen King Group#72936103Listing Office:
RE/MAX ConnectionsMLS logo
277 Redlands St, Springfield, MA 01104

277 Redlands St, Springfield, MA 01104

$249,900~$950/mo.*
3 Beds • 2 Baths1,204 SqFt
David Kelley#72936097Listing Office:
NextHome Elite RealtyMLS logo
226-228 Mill St, Springfield, MA 01108

226-228 Mill St, Springfield, MA 01108

$269,900~$1,000/mo.*
7 Beds • 2 Baths2,481 SqFt
New England Realty Group#72936076Listing Office:
Gallagher Real EstateMLS logo
83-85 Strong St, Springfield, MA 01104

83-85 Strong St, Springfield, MA 01104

$275,000~$1,050/mo.*
5 Beds • 2 Baths2,302 SqFt
The Team#72936056Listing Office:
ROVI HomesMLS logo
88-90 Groveland St, Springfield, MA 01108

88-90 Groveland St, Springfield, MA 01108

$265,000~$1,000/mo.*
6 Beds • 2 Baths2,376 SqFt
Tanya Vital-Basile#72936028Listing Office:
Executive Real Estate, Inc.MLS logo
91-93 Malden St, Springfield, MA 01108

91-93 Malden St, Springfield, MA 01108

$299,000~$1,150/mo.*
6 Beds • 3 Baths2,839 SqFt
Jocelyn Colon#72936002Listing Office:
Real Living Realty Professionals, LLCMLS logo
162 Parkerview St, Springfield, MA 01129

162 Parkerview St, Springfield, MA 01129

$160,000~$600/mo.*
2 Beds • 1 Bath900 SqFt
Tina Fiore#72935912Listing Office:
Fiore Real EstateMLS logo

About Springfield, MA

Homes for sale in Springfield, MA have reached 604. The inventory of homes for sale in Springfield, MA between November 2021 and December 2021 decreased by 6.2%. In December 2021 median list price was $235,167 and the average listing age was 31 days. This housing market listing prices have changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 8.8%, the cost of 2 bedrooms properties went up by 15.4%, the cost of 3 bedrooms properties went up by 18.3%, prices of 4 bedrooms properties went up by 16.8%, prices of 5 bedrooms properties went up by 11.1%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 20%, volume of 2 bedrooms homes went up by 7.9%, number of 3 bedrooms homes decreased by 11.7%, volume of 4 bedrooms homes went down by 10%, volume of 5 bedrooms homes went down by 0.5%. Over 113 listings were sold over their listed price in December 2021 in Springfield, MA. In the same period over 49 listings were sold below the listed price and 16 listings were sold for the listed price.

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 01/01/2020 - 01/01/2022

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 1/24/2022, 1:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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