Springfield, MA housing market
The typical Springfield home is worth about $305,000, up 4.3% in a year, 54% below the Massachusetts typical home. Homes typically sell in 22 days, a little above asking.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Springfield at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Springfield | Massachusetts |
|---|---|---|
| 2017 | $145,000 | $382,000 |
| 2018 | $156,000 | $407,000 |
| 2019 | $166,000 | $426,000 |
| 2020 | $178,000 | $438,000 |
| 2021 | $206,000 | $485,000 |
| 2022 | $235,000 | $536,000 |
| 2023 | $254,000 | $572,000 |
| 2024 | $273,000 | $616,000 |
| 2025 | $292,000 | $648,000 |
| 2026 | $299,000 | $658,000 |
| August 2026 | $305,000 | $662,000 |
Springfield and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Springfield | $305K | +4.3% | 22 | $52,656 |
| Ludlow | $374K | +4.1% | — | $84,838 |
| Chicopee | $322K | +3.4% | 21 | $62,615 |
| West Springfield Town | $368K | +4.7% | 21 | $69,371 |
| Agawam Town | $373K | +4.9% | 20 | $85,421 |
| East Longmeadow | $430K | +3.8% | — | $106,676 |
| Longmeadow | $542K | +5.1% | 19 | $149,601 |
5.8 years of income
The typical Springfield home costs about 5.8 years of the town's median household income, less than across Massachusetts (6.4 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.