Springfield MA › Market Report
Springfield MA Housing Market Report — 2026
TL;DR
According to Zillow Research city ZHVI (Springfield MA, 2026-03-31), the typical Springfield home value is $294,613; Redfin city housing-market data for March 2026 shows a $303,000 median sale price, $204 per square foot, and 43 median days on market. Transfer tax: $4.56 per $1,000 (deed excise, seller pays). Foreclosure process: Non-judicial. For a cash offer based on current Springfield market conditions, call USA Home Buyers at 888-274-5006.
Key Market Metrics — Springfield Hampden County
| Metric | Value | Source |
|---|---|---|
| Median home value | $294,613 | Zillow Research city ZHVI (Springfield MA, 2026-03-31, +3.5% YoY) |
| Median sale price | $303,000 | Redfin city housing-market data (Springfield MA, Mar 2026, +5.4% YoY) |
| Price per sq ft | $204 | Redfin city housing-market data (Springfield MA, Mar 2026, +2.5% YoY) |
| Median days on market | 43 days | Redfin city housing-market data (Springfield MA, Mar 2026) |
| Typical cash offer range | 70–80% of FMV before property-specific adjustments | Local investor norms |
| Transfer tax | $4.56 per $1,000 (deed excise, seller pays) | State revenue authority |
| Foreclosure process | Non-judicial (power of sale, ~75-120 days, MGL Ch. 183) | State statutes |
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 43 median days on market, 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 closes in 7–14 days with no repairs required. We cover all closing costs including $4.56 per $1,000 (deed excise, seller pays). 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: Zillow Home Value Index (ZHVI), Redfin market statistics, U.S. Census Bureau American Community Survey. Provider market data reflects March 2026 Redfin city metrics and Zillow Research city ZHVI dated 2026-03-31. Individual property values vary. Contact us for a property-specific assessment.