Market Report
Springfield, MA Housing Market
The median sale price is $307,000 (+2.5% year over year). Homes are selling in a median of 32 days.
Prices & Activity
Median Sale Price
$307K
+2.5% YoYDays on Market
32
+3 days YoYMonths of Supply
2.1
+0.2 mo YoYActive Inventory
118
-4.1% YoYSale-to-List
100.4%
-1.1 pts YoYSource: Redfin Data Center (through Jan 2026)
Median Sale Price — Springfield, MA
Days on Market — Springfield, MA
Growth & Supply
Population
462,815
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003) — Hampden County
Median Household Income
$71K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013) — Hampden County
Renter-Occupied Homes
37.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003) — Hampden County
Migration — Hampden County
Avg income of movers (latest year): in $59K · out $69K
IRS Statistics of Income, County-to-County Migration Data (through 2023)
Unemployment Rate — Hampden County
Most recent month is preliminary and subject to revision
U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics (through Jun '26)
New Construction Permits — Hampden County
359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)