Market Intelligence · MA / Springfield

Springfield, MA 01104 Housing Market

The typical home value in Springfield 01104 is $289,243, up 3.8% over the past year. The median list price stands at $299,450, with homes spending a median 26 days on market as of September 2026.

Updated September 2026Median value$289K

The median home value in Springfield, MA 01104 is $289K as of September 2026, up 3.8% 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 01104 range

$266K to $312K

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

+3.8% over 12 months

Sep 2025$279K

Low $279KHigh $289K

Sep 2026$289K

The numbers

What is the 01104 housing market like?

As of September 2026

Typical home value

$289K

3.8%YoY

Median list price

$299K

7.0%MoM

Days on market

21.2%MoM

Homes for sale

38.9%MoM

Price cuts

27.4%

4.9%MoM

New listings

33.3%MoM

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

The outlook

01104 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01104 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 01104 rose 3.8%, per the Zillow Home Value Index.

Will home prices drop in 01104?

Zillow's forecast does not call for a drop: it expects typical home values in 01104 to rise 2.1% by September 2027, after a 3.8% rise 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 01104 home prices compare?

01104$289,243
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

Springfield 01104 has 25 homes for sale as of September 2026, with 16 new listings added recently. The median list price is $299,450, and homes typically sell within 26 days on market. However, 27.4% of current listings have seen a price cut, suggesting sellers are testing the market carefully. Despite the year-over-year gains in home values, this price-cut activity signals that buyers have some negotiating room right now.

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Common questions

What people ask us.

What is a typical home value in 01104?

The typical home value in Springfield 01104 is $289,243, which has risen 3.8% over the past year.

How long do homes stay on market in 01104?

As of September 2026, homes in this ZIP spend a median 26 days on market.

What share of homes have price cuts in 01104?

Approximately 27.4% of current listings in Springfield 01104 have had a price reduction as of September 2026.

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