Market Intelligence · MA / Springfield

Springfield, MA 01118 Housing Market

The typical home in Springfield's 01118 ZIP code is worth $330,001, up 4.0% over the past year. The median list price is $339,450, and homes are spending a median of 31 days on the market.

Updated June 2026Median value$330K

The median home value in Springfield, MA 01118 is $330K as of June 2026, up 4.0% 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 01118 range

$304K to $356K

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

+4.0% over 12 months

Typical home value in 01118 over the last 12 months: $317K in Jun 2025 to $330K in Jun 2026 (+4.0%).

Jun 2025$317K

Jun 2026$330K

The numbers

What is the 01118 housing market like?

Typical home value

$330K

Up4.0%YoY

Median list price

$339K

Days on market

31

Up19.2%MoM

Homes for sale

19

Price cuts

5.2%

New listings

28

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 01118 home prices compare?

  • 01118$330,001
  • Springfield$314,491
  • Massachusetts$624,940
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Springfield: 10 ZIPs; Massachusetts: 484 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 19 homes for sale in 01118, with 28 new listings added recently. The typical home value stands at $330,001, up 4.0% over the past year, while the median list price is $339,450. Homes here take a median of 31 days to sell, and 5.2% of listings have had a price cut. For sellers, the numbers point to a market that is holding steady rather than rushing, so pricing carefully and preparing for a normal selling timeline is a reasonable approach.

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