Market Intelligence · MA / Springfield

Springfield, MA 01119 Housing Market

The typical home in Springfield, MA 01119 is worth $315,867, up 5.0% over the past year. The median list price is $299,900, and homes spend a median of 43 days on the market. That points to a market where values are rising while listings still move at a measured pace.

Updated August 2026Median value$316K

The median home value in Springfield, MA 01119 is $316K as of August 2026, up 5.0% 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 01119 range

$291K to $341K

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

+5.0% over 12 months

Typical home value in 01119 over the last 12 months: $301K in Aug 2025 to $316K in Aug 2026 (+5.0%).

Aug 2025$301K

Aug 2026$316K

The numbers

What is the 01119 housing market like?

Typical home value

$316K

Up5.0%YoY

Median list price

$300K

Down5.8%MoM

Days on market

43

Up48.3%MoM

Homes for sale

14

Down6.7%MoM

Price cuts

20.5%

Down16.5%MoM

New listings

12

Flat0.0%MoM

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

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The comparison

How do 01119 home prices compare?

  • 01119$315,867
  • 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

There are 14 homes for sale in 01119, with 12 new listings hitting the market. The median list price is $299,900, while the typical home value stands at $315,867, up 5.0% over the past year. Homes are taking a median of 43 days to sell, and 20.5% of listings have taken a price cut. Rising values give owners equity, but the share of cuts shows buyers are negotiating on price. Price carefully from the start rather than testing high and trimming later.

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