Is Russell, MA 01071 a buyer’s or seller’s market?
Russell is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Russell housing market right now
In the three months ending August 31, 2026, 0% of homes in Russell, MA 01071 sold above their list price, the typical home went under contract in 25 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold faster (39 days then) and the median sale price fell 8% to $299,870. Overall, Russell is less competitive than a year ago, which gives buyers more room.
Within Hampden County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Bondsville 01009 (100% sold over asking) and Springfield 01128 (85% sold over asking) are even more competitive.
Run the numbers for 01071
Nearby markets
Agawam 01001Seller’s market $249 /sq ftBlandford 01008Seller’s market $257 /sq ftBondsville 01009Buyer’s market $218 /sq ftBrimfield 01010Balanced $247 /sq ft Browse all markets →Towns like Russell nearby
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Questions about Russell real estate
Is Russell a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Russell, MA 01071 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Russell?
The typical home went under contract in 25 days in the latest three months.
Do homes in Russell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Russell?
About 1.49% of a home’s value a year in Hampden County, or roughly $5,960 on a $400,000 home.
What is the median home price in Russell?
The median sale price was $299,870 in the three months ending August 31, 2026, about $253 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology