Market Intelligence · MA / Springfield

Springfield, MA 01119 Housing Market

The typical home value in Springfield 01119 is $312,654, up 4.7% over the past year. The median list price stands at $304,925, with homes spending a median of 41 days on market as of September 2026.

Updated September 2026Median value$313K

The median home value in Springfield, MA 01119 is $313K as of September 2026, up 4.7% 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 01119 range

$288K to $338K

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

+4.7% over 12 months

Sep 2025$298K

Low $298KHigh $313K

Sep 2026$313K

The numbers

What is the 01119 housing market like?

As of September 2026

Typical home value

$313K

4.7%YoY

Median list price

$305K

1.7%MoM

Days on market

4.7%MoM

Homes for sale

7.1%MoM

Price cuts

10.0%

51.1%MoM

New listings

16.7%MoM

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

The outlook

01119 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01119 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 01119 rose 4.7%, per the Zillow Home Value Index.

Will home prices drop in 01119?

Zillow's forecast does not call for a drop: it expects typical home values in 01119 to rise 2.2% by September 2027, after a 4.7% 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 01119 home prices compare?

01119$312,654
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 01119 has 15 homes for sale and 10 new listings as of September 2026. The median time to sale of 41 days suggests a moderately paced market. A small share of listings, 10.0%, have seen price cuts. Despite the year-over-year value gain of 4.7%, the moderate inventory and pace indicate sellers should be realistic about pricing and prepared for a market that rewards well-maintained, fairly priced homes.

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Home price

Down payment20% · $62,531

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Common questions

What people ask us.

What is the typical home value in Springfield 01119?

The typical home value is $312,654 as of September 2026, up 4.7% over the past year.

How long do homes stay on the market here?

The median days on market is 41 as of September 2026.

How many homes are currently for sale?

There are 15 homes for sale as of September 2026, with 10 new listings during that period.

Discover

Nearby ZIP markets.

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