Housing in Springfield, MA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$303,000
Median List Price
$310,000
Price Per Sq Ft
$194
Days on Market
28
Active Inventory
186
Months of Supply
2.4
Seller's market
Zillow Home Value
$288,598
ZHVI — January 2026
Zillow Rent Index
$1,850
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
55.3%
Off Market in 2 Weeks
29.7%
Sale-to-List Ratio
101.2%
Seller's market
Market Activity
Source: RedfinHomes Sold
76
New Listings
90
Pending Sales
118
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$194
Median List $/SF
$185
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Springfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$222,700
Median Rent
$1,114
Total Housing Units
62,713
Vacancy Rate
7.4%
Owner Occupied
49.5%
Renter Occupied
50.5%
Median Property Tax
$3,570
per year
Monthly Cost (w/ Mortgage)
$1,489
Housing Types
The current median sale price in Springfield, MA is $303,000 according to Redfin data. Homes spend a median of 28 days on the market. 55.3% of homes sold above asking price. The market has 2.4 months of supply. The median price per square foot is $194. Zillow's observed rent index is $1,850/month. About 49.5% of housing units are owner-occupied. The median year homes were built is 1951. There are 62,713 total housing units.