Market Intelligence · MA / Springfield

Springfield, MA 01108 Housing Market

The typical home in Springfield, MA 01108 is worth $307,087, up 4.3% over the past year. The median list price is $329,900, and homes spend a median of 73 days on market. That points to values still rising while buyers take some time to commit.

Updated August 2026Median value$307K

The median home value in Springfield, MA 01108 is $307K as of August 2026, up 4.3% 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 01108 range

$283K to $332K

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: $294K in Aug 2025 to $307K in Aug 2026 (+4.3%).

Aug 2025$294K

Aug 2026$307K

The numbers

What is the 01108 housing market like?

Typical home value

$307K

Up4.3%YoY

Median list price

$330K

Flat0.0%MoM

Days on market

73

Up28.1%MoM

Homes for sale

27

Down18.2%MoM

Price cuts

12.9%

Up24.8%MoM

New listings

12

Up20.0%MoM

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

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The comparison

How do 01108 home prices compare?

  • 01108$307,087
  • 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

Springfield, MA 01108 has 27 homes for sale and 12 new listings, so choice exists but is not deep. The median list price is $329,900, while the typical home value is $307,087 and is up 4.3% over the past year. A median of 73 days on market says buyers are not rushing. With 12.9% of listings taking a price cut, sellers need to price close to the market rather than test high. The honest read is that demand is still there, but patience and realistic pricing matter more than momentum.

Monthly payment

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20% · $61,417

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