Market Intelligence · MA / Springfield

Springfield, MA 01128 Housing Market

The typical home value in Springfield, MA 01128 is $341,144, up 3.6% over the past year. The median list price is $365,450, and homes spend a median of 23 days on market.

Updated August 2026Median value$341K

The median home value in Springfield, MA 01128 is $341K as of August 2026, up 3.6% 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 01128 range

$314K to $368K

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

+3.6% over 12 months

Typical home value in 01128 over the last 12 months: $329K in Aug 2025 to $341K in Aug 2026 (+3.6%).

Aug 2025$329K

Aug 2026$341K

The numbers

What is the 01128 housing market like?

Typical home value

$341K

Up3.6%YoY

Median list price

$365K

Up12.0%MoM

Days on market

23

Up283.3%MoM

Homes for sale

2

Flat0.0%MoM

Price cuts

0.0%

New listings

8

Up100.0%MoM

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

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The comparison

How do 01128 home prices compare?

  • 01128$341,144
  • 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

Inventory in 01128 is very thin, with just 2 homes for sale as of 2026-08-01. Even so, 8 new listings came on the market in the same period, so fresh options are appearing. Homes are moving at a median of 23 days on market, and 0.0% of listings have had a price cut. With the typical home value at $341,144 and up 3.6% over the past year, sellers are getting their asking prices without reductions. For a seller, this is a favorable market, but the small number of listings means conditions can shift quickly.

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