Is Springfield, MA 01105 a buyer’s or seller’s market?

The Springfield housing market right now

In the three months ending August 31, 2026, 38% of homes in Springfield, MA 01105 sold above their list price, the typical home went under contract in 31 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 13 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (40% then), homes sold faster (54 days then) and the median sale price rose 20% to $299,870. Overall, Springfield is more competitive than a year ago, so tougher for buyers.

Within Hampden County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in 89%.

Nearby, buyers who want less competition could look at Springfield 01103 (0% sold over asking) or Russell 01071 (0% sold over asking), while Bondsville 01009 (100% sold over asking) and Springfield 01128 (85% sold over asking) are even more competitive.