Is Springfield, MA 01108 a buyer’s or seller’s market?

The Springfield housing market right now

In the three months ending August 31, 2026, 54% of homes in Springfield, MA 01108 sold above their list price, the typical home went under contract in 26 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. That’s based on 72 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 62%, homes sold more slowly (19 days then) and the median sale price rose 3% to $346,850. Overall, Springfield is less competitive than a year ago, which gives buyers more room.

Within Hampden County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Springfield ranks #151 of 362 MA ZIP codes with enough sales (score 85 out of 100).

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.