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Springfield, MA housing market

Housing market indicators

Indicator 2022202320242025* Change202220232024YTD
Median Listing Price per Square Feet $204 $214 $223 $231 9.7% 4.9% 4.2% 3.6%
Active Listing Count 363 340 417 510 14.9% -6.3% 22.6% 22.3%
Median Days on Market 44 38 47 30 29.4% -13.6% 23.7% -36.2%
Share of listings with price increase 0.3% 0.3% 0.3% 0.2%
Share of listings with price decrease 13.9% 15.5% 15.3% 17.4%

* last available value

Home prices

Short term housing supply drivers

Long term housing demand drivers

Long term housing supply drivers




Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED


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