Aug 2026
$319K
+1.2% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Springfield, MA
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Springfield, MA. Built for agents; free to read.
Springfield, MA’s median sale price is $319K as of Aug 2026 — +1.2% year over year. Pecan Street tracks Springfield with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,704/mo
$73K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Springfield compares to other U.S. metros
| Price cuts | ↑20th of 194 (top 11%) |
|---|---|
| Days on market | ↓172nd of 194 |
| Price-to-rent | ↓146th of 195 |
| Home-price growth | 111th of 195 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 12 -13.3% YoY ↓146th of 195 |
|---|---|
| Asking price / sq ft | $238 +3.7% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 50% +1.3 pts YoY ↑20th of 194 (top 11%) |
|---|---|
| New housing units permitted | 36 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 61 |
|---|---|
| MLS board of record | MLS PIN |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
amber · 3.2ppRedfin (city) +1.2% | FHFA HPI · Q2 2026 +4.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MA
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 01002 | $590K↓ | 51↑ | 32↑ | 12↑ | 50↑ | $547K↑ |
| 01007 | $580K↑ | 38↑ | 20↑ | 16↑ | 40↓ | $479K↑ |
| 01028 | $499K↓ | 27↑ | 16↑ | 20↑ | 37↑ | $433K↑ |
| 01056 | $540K↑ | 31↑ | 20 | 24↑ | 33↑ | $376K↑ |
| 01060 | $762K↑ | 45↑ | 16↑ | 12↑ | 54↓ | $504K↑ |
| 01075 | $579K↑ | 44↑ | 24↑ | 8↑ | 48↓ | $389K↑ |
| 01077 | $575K↑ | 26↑ | 12↑ | 8↑ | 41↓ | $420K↑ |
| 01085 | $485K↑ | 44↑ | 40↑ | 20↑ | 38↑ | $392K↑ |
| 01095 | $587K↑ | 38↑ | 24↓ | 12↓ | 47↑ | $489K↑ |
| 01106 | $664K↑ | 32↑ | 20↑ | 16↑ | 35↑ | $543K↑ |
| 01108 | $330K↑ | 27↑ | 12↓ | 8↑ | 73↑ | $308K↑ |
| 01109 | $310K↑ | 33↓ | 24↑ | 20↓ | 32↓ | $284K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.