Market Intelligence · MA / Springfield

Springfield, MA 01107 Housing Market

Typical home value in Springfield 01107 is $314,136, up 5.1% over the past year. The median list price stands at $398,475, with homes spending a median 28 days on market as of September 2026.

Updated September 2026Median value$314K

The median home value in Springfield, MA 01107 is $314K as of September 2026, up 5.1% 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 01107 range

$289K to $339K

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

+5.1% over 12 months

Sep 2025$299K

Low $299KHigh $314K

Sep 2026$314K

The numbers

What is the 01107 housing market like?

As of September 2026

Typical home value

$314K

5.1%YoY

Median list price

$398K

6.3%MoM

Days on market

64.7%MoM

Homes for sale

25.0%MoM

Price cuts

25.0%

New listings

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

The outlook

01107 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01107 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 01107 rose 5.1%, per the Zillow Home Value Index.

Will home prices drop in 01107?

Zillow's forecast does not call for a drop: it expects typical home values in 01107 to rise 2.3% by September 2027, after a 5.1% 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 01107 home prices compare?

01107$314,136
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 01107 has 5 homes for sale and 6 new listings as of September 2026. The median days on market of 28 suggests reasonable buyer interest, though 25.0% of listings have taken a price cut. Despite the year-over-year value gain of 5.1%, the presence of price reductions signals that sellers may need to set realistic expectations and be prepared to negotiate.

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Home price

Down payment20% · $62,827

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Common questions

What people ask us.

What is a typical home value in 01107?

Typical home value in Springfield 01107 is $314,136 as of September 2026, up 5.1% over the past year.

How long do homes stay on market in 01107?

The median days on market is 28 as of September 2026.

What is the median list price in 01107?

The median list price is $398,475 as of September 2026.

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