Market Intelligence · MA / Springfield

Springfield, MA 01118 Housing Market

In Springfield, MA 01118, the typical home value is $324,843, up 4.4% over the past year. Homes here carry a median list price of $325,000 and spend a median of 33 days on the market.

Updated August 2026Median value$325K

The median home value in Springfield, MA 01118 is $325K as of August 2026, up 4.4% 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

$299K to $351K

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

+4.4% over 12 months

Typical home value in 01118 over the last 12 months: $311K in Aug 2025 to $325K in Aug 2026 (+4.4%).

Aug 2025$311K

Aug 2026$325K

The numbers

What is the 01118 housing market like?

Typical home value

$325K

Up4.4%YoY

Median list price

$325K

Down3.7%MoM

Days on market

33

Up3.1%MoM

Homes for sale

17

Down19.0%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

20

Up25.0%MoM

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

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The comparison

How do 01118 home prices compare?

  • 01118$324,843
  • 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

The Springfield 01118 market shows a typical home value of $324,843, up 4.4% over the past year, so values are still climbing. There are 17 homes for sale, with 20 new listings, which means fresh supply is coming on at a steady pace. Sellers are pricing close to what homes are worth, with a median list price of $325,000. Homes move in a median of 33 days, and the share of listings with a price cut sits at 0.0%. For a seller, the numbers point to a market where well-priced homes find buyers without needing reductions.

Monthly payment

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20% · $64,969

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