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Market Intelligence · MA / Springfield

Springfield, MA 01108 Housing Market

Typical home value in Springfield 01108 is $302,676, up 4.3% over the past year. The median list price stands at $323,425, with homes staying on the market for a median of 69 days.

Updated September 2026Median value$303K

The median home value in Springfield, MA 01108 is $303K as of September 2026, up 4.3% 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 01108 range

$278K to $327K

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

+4.3% over 12 months

Typical home value in 01108 over the last 12 months: $290K in Sep 2025 to $303K in Sep 2026 (+4.3%).

Sep 2025$290K

Sep 2026$303K

The numbers

What is the 01108 housing market like?

Typical home value

$303K

Up4.3%YoY

Median list price

$323K

Down2.0%MoM

Days on market

69

Down5.5%MoM

Homes for sale

33

Up22.2%MoM

Price cuts

29.9%

Up132.2%MoM

New listings

10

Down16.7%MoM

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

The outlook

01108 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01108 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 01108 rose 4.3%, per the Zillow Home Value Index.

Will home prices drop in 01108?

Zillow's forecast does not call for a drop: it expects typical home values in 01108 to rise 2.2% by September 2027, after a 4.3% 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 01108 home prices compare?

  • 01108$302,676
  • 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 33 homes for sale in 01108 as of September 2026, with 10 new listings entering the market. The median days on market of 69 indicates a slower pace of sales compared to faster-moving markets. Nearly 30% of listings have seen price cuts, suggesting sellers are adjusting expectations to market conditions. Despite the price-cut activity, the area's typical home value has grown 4.3% year over year. If you're thinking about selling, the steady value growth is encouraging, but the current listing inventory and market pace mean you should price realistically from day one.

Monthly payment

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20% · $60,535

Common questions

What people ask us.

What is the typical home value in Springfield 01108?

The typical home value is $302,676 as of September 2026, representing a 4.3% increase over the past year.

How long do homes typically stay on the market in 01108?

Homes have a median days on market of 69 as of September 2026.

How many homes are currently for sale in this ZIP?

There are 33 homes for sale as of September 2026, with 10 new listings that month.

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