Springfield, MA Real Estate & Property Data

Springfield Real Estate Market Trends
Last Updated: May 18, 2024

Accurate and comprehensive real estate data is critical for insight into Springfield, MA. ATTOM’s Springfield real estate data is updated daily, and current market trends show that in Springfield, MA a total of 1,771 residential properties have sold over the past year. With a median home price of $264,000 in Springfield and a total of 38 foreclosures. Get detailed property data for Springfield, MA instantly. ATTOM is your one-stop-shop for the Springfield property reports and real estate data you need in Springfield, MA.

Springfield Real Estate Market Trends
Total Residential Properties 33,732
Total Commercial Properties 2,708
Avg. Home Age (Single Family Home) 73 Years
Avg. Square Feet (Single Family Home) 1,427
Total 2024 Residential Sales (year-to-date) 334
% of Homes Seriously Underwater (Q2 2024) 0.8%
Total 2023 Residential Sales 1,669
% of Equity Rich Homes (Q2 2024) 49.83%
Effective 2023 Property Tax 1.33%
Total Foreclosure Filings (year-to-date) 105
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Springfield, MA Real Estate Overview

There were 1,771 residential properties sold in the past year in Springfield, MA. The median home value in Springfield, MA is $266,975. There are a total of 33,732 residential properties in the Springfield.

Median Sales Price i
$264,000
(Mar 2024)
+7.8%
year-over-year
y-o-y
  • March '24 Mar '24 $264,000
  • February '24 Feb '24 $246,500
  • January '24 Jan '24 $265,000
  • December '23 Dec '23 $266,000
  • November '23 Nov '23 $260,000
  • October '23 Oct '23 $270,000
  • September '23 Sep '23 $265,000
  • August '23 Aug '23 $284,000
  • July '23 Jul '23 $277,500
  • June '23 Jun '23 $275,250
  • May '23 May '23 $269,900
  • April '23 Apr '23 $250,000
Median Down Payment i
$8,400
(Mar 2024)
-8.2%
year-over-year
y-o-y
  • March '24 Mar '24 $8,400
  • February '24 Feb '24 $14,871
  • January '24 Jan '24 $14,958
  • December '23 Dec '23 $18,364
  • November '23 Nov '23 $13,825
  • October '23 Oct '23 $12,950
  • September '23 Sep '23 $8,940
  • August '23 Aug '23 $11,250
  • July '23 Jul '23 $11,100
  • June '23 Jun '23 $13,250
  • May '23 May '23 $13,750
  • April '23 Apr '23 $7,963
Number of Homes Sold i
108
(Mar 2024)
-23.4%
year-over-year
y-o-y
  • March '24 Mar '24 108
  • February '24 Feb '24 102
  • January '24 Jan '24 124
  • December '23 Dec '23 148
  • November '23 Nov '23 141
  • October '23 Oct '23 130
  • September '23 Sep '23 141
  • August '23 Aug '23 152
  • July '23 Jul '23 135
  • June '23 Jun '23 182
  • May '23 May '23 133
  • April '23 Apr '23 134
Number of Purchase Loans i
42
(Mar 2024)
-36.4%
year-over-year
y-o-y
  • March '24 Mar '24 42
  • February '24 Feb '24 67
  • January '24 Jan '24 66
  • December '23 Dec '23 89
  • November '23 Nov '23 73
  • October '23 Oct '23 103
  • September '23 Sep '23 81
  • August '23 Aug '23 96
  • July '23 Jul '23 80
  • June '23 Jun '23 116
  • May '23 May '23 81
  • April '23 Apr '23 90
Number of REFI Loans i
101
(Mar 2024)
+21.7%
year-over-year
y-o-y
  • March '24 Mar '24 101
  • February '24 Feb '24 96
  • January '24 Jan '24 108
  • December '23 Dec '23 89
  • November '23 Nov '23 108
  • October '23 Oct '23 125
  • September '23 Sep '23 97
  • August '23 Aug '23 128
  • July '23 Jul '23 96
  • June '23 Jun '23 99
  • May '23 May '23 97
  • April '23 Apr '23 88
Number of HELOC Loans i
12
(Mar 2024)
-42.9%
year-over-year
y-o-y
  • March '24 Mar '24 12
  • February '24 Feb '24 9
  • January '24 Jan '24 10
  • December '23 Dec '23 13
  • November '23 Nov '23 13
  • October '23 Oct '23 19
  • September '23 Sep '23 13
  • August '23 Aug '23 20
  • July '23 Jul '23 13
  • June '23 Jun '23 19
  • May '23 May '23 29
  • April '23 Apr '23 17

Springfield, MA Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Springfield, MA Foreclosure Activity

There were a total of 38 Springfield, MA properties with a foreclosure filing in March 2024. Lenders started the foreclosure process on 30 Springfield, MA properties and repossessed 3 Springfield, MA properties through completed foreclosures (REOs) in March 2024.

Total Foreclosure Filings i
38
(Mar 2024)
+153.3%
year-over-year
y-o-y
  • March '24 Mar '24 38
  • February '24 Feb '24 40
  • January '24 Jan '24 27
  • December '23 Dec '23 27
  • November '23 Nov '23 31
  • October '23 Oct '23 24
  • September '23 Sep '23 34
  • August '23 Aug '23 38
  • July '23 Jul '23 22
  • June '23 Jun '23 30
  • May '23 May '23 20
  • April '23 Apr '23 9
Foreclosure Starts i
30
(Mar 2024)
+650%
year-over-year
y-o-y
  • March '24 Mar '24 30
  • February '24 Feb '24 23
  • January '24 Jan '24 20
  • December '23 Dec '23 20
  • November '23 Nov '23 26
  • October '23 Oct '23 13
  • September '23 Sep '23 20
  • August '23 Aug '23 22
  • July '23 Jul '23 13
  • June '23 Jun '23 19
  • May '23 May '23 11
  • April '23 Apr '23 N/A
Completed Foreclosures (REOs) i
3
(Mar 2024)
+200%
year-over-year
y-o-y
  • March '24 Mar '24 3
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 5
  • September '23 Sep '23 N/A
  • August '23 Aug '23 2
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 2
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