New - 3 hours on Rocket
$3,907 Closing Credit¹
#73327300, Brenda Leduc, Listing Office: RE/MAX Compass
Springfield Housing Market Report December 2024•Hampden County, Massachusetts
Housing Prices in Springfield, MA
How much do homes in Springfield, MA cost?
Housing Market Conditions
Is Springfield, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Springfield is a Seller's Market
Difference Since December 2023
Since last year, Springfield has remained a Seller's Market.
Insight
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$300,000$189/SqFt
+$25,000
+9.1%
Based on all homes sold in the last 12 months
Insight
Homes in Springfield have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Springfield was $300,000 in December 2024, up 9.1% from last year, and the median price per square foot was $189.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Springfield | $275K | $300K | +9.1% |
| Wilbraham | $414K | $450K | +8.7% |
| Chicopee | $280K | $300.5K | +7.3% |
| Ludlow | $310K | $332.6K | +7.3% |
| East Longmeadow | $380K | $385.7K | +1.5% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $152K | $171K | +12.5% |
| 22 Bedrooms | $225K | $250K | +11.1% |
| 33 Bedrooms | $269.3K | $292.3K | +8.6% |
| 44 Bedrooms | $290.6K | $310K | +6.7% |
| 55+ Bedrooms | $320K | $360K | +12.5% |
Summary: Springfield housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +12.5%. The home price for 2 bedroom homes increased by +11.1%. The home price for 3 bedroom homes increased by +8.6%. The home price for 4 bedroom homes increased by +6.7%. The home price for 5 bedroom homes increased by +12.5%.
Housing supply in Springfield, MA
How many homes are available in Springfield, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 367Last MonthDec 2024 | ||
| 4442 months agoNov 2024 | -17.3 % Change MoMNov – Dec |
Summary: The Springfield real estate market had 367 homes for sale in Dec 2024, a 17.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 111Last MonthDec 2024 | ||
| 1212 months agoNov 2024 | -8.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 4 | -20.0% |
| 22 Bedrooms | 66 | 57 | -13.6% |
| 33 Bedrooms | 169 | 125 | -26.0% |
| 44 Bedrooms | 92 | 86 | -6.5% |
| 55+ Bedrooms | 112 | 95 | -15.2% |
Summary: Springfield housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes decreased by -13.6%. The inventory for 3 bedroom homes decreased by -26.0%. The inventory for 4 bedroom homes decreased by -6.5%. The inventory for 5 bedroom homes decreased by -15.2%.
Asking Price vs. Sold Price
How much do homes in Springfield, MA cost?
Over Asking Price51 Homes
At Asking Price20 Homes
Under Asking Price40 Homes
Insight
If you're buying a home in Springfield, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Springfield in December 2024, down by 8.3% month-over-month. Of the 111 sold homes, 36% were sold under asking, 18% were sold at asking, and and 46% were sold over asking.
Days on Market for Springfield, MA
How long does it take to sell a home in Springfield, MA?
Breakdown of Home Sale Times
Under 30 Days57 Homes
30 – 90 Days51 Homes
Over 90 Days3 Homes
Insight
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 111 homes were sold in Springfield; 51% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 36 DaysThis YearDec 2024 | ||
| 35 Days1 year agoDec 2023 | +5.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Springfield had an average listing age of 36 days in Dec 2024, up by 5.2% compared to the previous year.
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Newest Listings in Springfield, MA
What homes are available in Springfield, MA?
New - 8 hours on Rocket
$4,036 Closing Credit¹
#73327237, Tanya Vital-Basile, Listing Office: Executive Real Estate, Inc.
New - 9 hours on Rocket
$3,088 Closing Credit¹
#73327203, Daisy Sanchez, Listing Office: RE/MAX IGNITE
New - 12 hours on Rocket
$2,969 Closing Credit¹
#73327123, Joel Almonte, Listing Office: Homes Logic Real Estate, LLC
New - 14 hours on Rocket
$5,344 Closing Credit¹
#73327081, Maher Khatib, Listing Office: M B C REALTORS®
New - 15 hours on Rocket
$2,255 Closing Credit¹
#73327062, Paula Smith, Listing Office: Berkshire Hathaway HomeServices Realty Professionals
New - 18 hours on Rocket
#73327050, Thomas Bretta, Listing Office: Berkshire Hathaway HomeServices Realty Professionals
New - 18 hours on Rocket
$3,918 Closing Credit¹
#73327045, Richard McCullough, Listing Office: Keller Williams Realty
New - 1 day on Rocket
$4,572 Closing Credit¹
#73326922, Lilian Chukwurah, Listing Office: Cityville Realty
New - 1 day on Rocket
$2,613 Closing Credit¹
#73326706, Stephen Byrne, Listing Office: First Place Realty
New - 1 day on Rocket
$3,147 Closing Credit¹
#73326695, The Gerber Group, Listing Office: Naples Realty Group
New - 1 day on Rocket
$6,175 Closing Credit¹
#73326692, Kristin Marquez, Listing Office: Executive Real Estate, Inc.
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., and SmartMLS for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.