Springfield, MA Real Estate & Property Data

Springfield Real Estate Market Trends
Last Updated: April 25, 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 1,768 residential properties have sold over the past year. With a median home price of $246,500 in Springfield and a total of 40 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 33,723
Total Commercial Properties 2,716
Avg. Home Age (Single Family Home) 73 Years
Avg. Square Feet (Single Family Home) 1,427
Total 2024 Residential Sales (year-to-date) 226
% of Homes Seriously Underwater (Q2 2024) 0.79%
Total 2023 Residential Sales 1,669
% of Equity Rich Homes (Q2 2024) 50.16%
Effective 2023 Property Tax 1.33%
Total Foreclosure Filings (year-to-date) 67
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Springfield, MA Real Estate Overview

There were 1,768 residential properties sold in the past year in Springfield, MA. The median home value in Springfield, MA is $267,412. There are a total of 33,723 residential properties in the Springfield.

Median Sales Price i
$246,500
(Feb 2024)
+0.6%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 $245,000
Median Down Payment i
$14,871
(Feb 2024)
+20.9%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 $9,155
Number of Homes Sold i
102
(Feb 2024)
-2.9%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 141
Number of Purchase Loans i
67
(Feb 2024)
+8.1%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 66
Number of REFI Loans i
96
(Feb 2024)
+26.3%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 83
Number of HELOC Loans i
9
(Feb 2024)
-35.7%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 21

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 40 Springfield, MA properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 23 Springfield, MA properties and repossessed 1 Springfield, MA properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
40
(Feb 2024)
+135.3%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 15
Foreclosure Starts i
23
(Feb 2024)
+91.7%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 4
Completed Foreclosures (REOs) i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • 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
  • March '23 Mar '23 1
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