Springfield, Massachusetts housing market and home prices
Springfield, Massachusetts home prices: the Zillow Home Value Index put a typical home in Springfield, Massachusetts at $301,926 in September 2026, up 4.2% versus a year earlier, and that was the highest month on record.
- Value of a typical home
- $301,926September 2026, Zillow ZHVI
- Change over 12 months
- +4.2%. Measured from September 2025.
Springfield, Massachusetts home prices since 2000
In the chart, the steel line marks Springfield, Massachusetts and the grey line the United States. From January 2000 to now, the typical home in Springfield, Massachusetts rose from $86,090 to $301,926, a multiple of ×3.51, while the US reached ×2.99 over those same months. The boom peaked in May 2007 at $157,380; the low followed in April 2012 at $120,995, −23.1%.
Year by year median home price in Springfield, Massachusetts
Each yearly figure averages the twelve monthly values, and for 2026 the latest month is shown.
| Year | Springfield, Massachusetts | Change on the year | United States |
|---|---|---|---|
| 2000 | $86,947 | $125,745 | |
| 2001 | $92,014 | +5.8% | $134,899 |
| 2002 | $102,834 | +11.8% | $144,276 |
| 2003 | $114,518 | +11.4% | $155,308 |
| 2004 | $127,639 | +11.5% | $169,891 |
| 2005 | $142,251 | +11.4% | $189,732 |
| 2006 | $154,124 | +8.3% | $206,531 |
| 2007 | $155,524 | +0.9% | $208,449 |
| 2008 | $148,533 | −4.5% | $195,574 |
| 2009 | $135,797 | −8.6% | $177,542 |
| 2010 | $136,896 | +0.8% | $171,462 |
| 2011 | $127,657 | −6.7% | $162,508 |
| 2012 | $121,774 | −4.6% | $161,137 |
| 2013 | $124,442 | +2.2% | $171,420 |
| 2014 | $127,629 | +2.6% | $182,996 |
| 2015 | $130,994 | +2.6% | $192,738 |
| 2016 | $137,769 | +5.2% | $204,509 |
| 2017 | $147,813 | +7.3% | $216,767 |
| 2018 | $158,878 | +7.5% | $230,541 |
| 2019 | $168,701 | +6.2% | $242,088 |
| 2020 | $184,340 | +9.3% | $257,151 |
| 2021 | $221,289 | +20.0% | $295,959 |
| 2022 | $247,588 | +11.9% | $340,014 |
| 2023 | $259,280 | +4.7% | $348,160 |
| 2024 | $279,749 | +7.9% | $359,751 |
| 2025 | $289,746 | +3.6% | $362,959 |
| September 2026 | $301,926 | +4.2% | $366,157 |
What a home bought in Springfield, Massachusetts in any year is worth today
This is an index-based estimate of a typical home, not an appraisal.
Each year's figure averages its twelve monthly index values. The current value is September 2026. See also: home appreciation calculator.
Are you thinking of selling? Compare local agents listed on Realtor.com. Advertising disclosure: links like this one may pay the site, and that payment never changes a number. Disclosure.
Springfield, Massachusetts housing market forecast
Over the next three months, Zillow's forecast calls for +0.9%, and its 12-month outlook starting September 2026 is +2.4% for the Springfield, MA metro. That works out to roughly $309,200 a year from now for Springfield, Massachusetts's $301,926 typical value.
Zillow's own central estimate for the metro is what you see here; the site does not publish any forecast of its own. Forecasts like this one, over 12 months, have usually been off by several percentage points from the realised change, either way. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Springfield, Massachusetts housing market crash risk score
Moderate, at 21 of 100
Against the 292 cities, this score ranks Springfield, Massachusetts by five conditions that were high before previous price falls. Each input is scored from 0 to 100 measured against the other cities, then those five places are averaged with equal weight. Conditions today are what it covers; predicting a crash is not what it does.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −35.9% | 9 | 20% |
| Days on the market vs 2019 | −20.4% | 8 | 20% |
| Price-to-rent ratio | 13.8 | 17 | 20% |
| Price-to-income ratio | 5.3 | 62 | 20% |
| 12-month price change | +4.2% | 11 | 20% |
This is not investment advice. How the inputs get their scores: methodology. All 292 cities, ranked: city crash risk.
Inventory and time on the market in Springfield, Massachusetts
For September 2026 the Springfield, MA metro recorded 641 homes available for purchase, +33.3% from a year earlier and −35.9% from September 2019. The median time to sell was 39 days (−20.4% against 2019), and price cuts appeared on 19.7% of listings.
| Springfield, MA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 641 | +33.3% |
| New listings | 436 | |
| Median days on market | 39 | +23.0% |
| Median list price | $377,450 | +2.0% |
| Share with a price cut | 19.7% |
Metro inventory: Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Rents and living costs in Springfield, Massachusetts
The Zillow Observed Rent Index places the typical asking rent in Springfield, Massachusetts at $1,822 a month, +7.5% on a year. A typical home has a cost equal to 13.8 years of that rent. With a median household income of $57,384 (Census ACS 2024), a typical home comes to 5.3 times a yearly income. According to BEA, prices in the metro stand at 96.1 compared with a US average of 100, while housing costs sit at 75.8.
Other Massachusetts housing markets
Statewide figures: Massachusetts housing market.
How to read this chart
Each point plots the Zillow Home Value Index for Springfield, Massachusetts: what a typical home in the market's middle third was worth, smoothed and seasonally adjusted, in the dollars of that month. The hollow dot shows the month picked on the slider, while the terracotta dot shows the most recent month. These numbers have no inflation adjustment, and an index tracks the typical home rather than any one house. To work out what one house is worth from its own sale price, use the card above it or try the home appreciation calculator.