Is Springfield, MA 01118 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 1.1 months of supply and 77% 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.
Months of supply1.1Under 4 months = seller’s market
Sold above original list77.2%Share of sales, last 3 months
Median sale-to-list102.7%Sold price ÷ list price
Median days on market20Listing to accepted offer
Median price per sq ft$242▲ +5.0% vs. last year
Run the numbers for 01118
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 →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology