Market Intelligence · MA / Springfield

Springfield, MA 01103 Housing Market

Homes in Springfield, MA 01103 have a typical value of $132,920, which has declined 7.2% over the past year. The median list price stands at $97,225, with homes spending a median of 63 days on market as of September 2026.

Updated September 2026Median value$133K

The median home value in Springfield, MA 01103 is $133K as of September 2026, down 7.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 01103 range

$122K to $144K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-7.2% over 12 months

Typical home value in 01103 over the last 12 months: $143K in Sep 2025 to $133K in Sep 2026 (-7.2%).

Sep 2025$143K

Sep 2026$133K

The numbers

What is the 01103 housing market like?

Typical home value

$133K

Down7.2%YoY

Median list price

$97K

Down1.8%MoM

Days on market

63

Up40.0%MoM

Homes for sale

12

Up9.1%MoM

Price cuts

22.9%

Down31.4%MoM

New listings

2

Down50.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

01103 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01103 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 01103 fell 7.2%, per the Zillow Home Value Index.

Will home prices drop in 01103?

Zillow's forecast does not call for a drop: it expects typical home values in 01103 to rise 1.9% by September 2027, after a 7.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 01103 home prices compare?

  • 01103$132,920
  • Springfield$307,665
  • Massachusetts$609,700
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Springfield: 10 ZIPs; Massachusetts: 484 ZIPs; United States: 26,262 ZIPs).

Context

There are currently 12 homes for sale in this ZIP, with only 2 new listings added recently. The median list price of $97,225 sits well below the typical home value of $132,920. Nearly a quarter of listings, 22.9%, have seen price cuts, reflecting seller adjustments to market conditions. At 63 days on market, homes are taking some time to move. For sellers, the year-over-year value decline signals a buyer's market where pricing realistically matters more than it once did.

Monthly payment

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20% · $26,584

Common questions

What people ask us.

What is the typical home value in 01103?

The typical home value in Springfield, MA 01103 is $132,920, down 7.2% over the past year as of September 2026.

How long do homes take to sell in this area?

As of September 2026, homes in 01103 spend a median of 63 days on market.

Are there many homes for sale right now?

There are 12 homes currently listed in 01103, with 2 new listings added as of September 2026.

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