Market Intelligence · MA / Springfield

Springfield, MA 01103 Housing Market

The typical home value in Springfield's 01103 ZIP is $136,540, down 5.9% over the past year. Homes here carry a median list price of $99,000 and a median of 45 days on market.

Updated August 2026Median value$137K

The median home value in Springfield, MA 01103 is $137K as of August 2026, down 5.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 01103 range

$126K to $147K

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

-5.9% over 12 months

Typical home value in 01103 over the last 12 months: $145K in Aug 2025 to $137K in Aug 2026 (-5.9%).

Aug 2025$145K

Aug 2026$137K

The numbers

What is the 01103 housing market like?

Typical home value

$137K

Down5.9%YoY

Median list price

$99K

Down26.8%MoM

Days on market

45

Up80.0%MoM

Homes for sale

11

Up10.0%MoM

Price cuts

33.3%

New listings

4

Down33.3%MoM

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

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The comparison

How do 01103 home prices compare?

  • 01103$136,540
  • Springfield$311,477
  • Massachusetts$615,457
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Springfield: 10 ZIPs; Massachusetts: 484 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 11 homes for sale in 01103, with 4 new listings coming on. The median list price sits at $99,000, below the typical home value of $136,540. Values are down 5.9% over the past year, and 33.3% of listings have taken a price cut. Homes are moving at a median of 45 days on market. For a seller, this is a soft market where pricing realistically from the start matters more than testing high.

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