Market Intelligence · MA / Springfield

Springfield, MA 01128 Housing Market

Homes in Springfield, MA 01128 have a typical value of $337,604, up 3.5% over the past year. The median list price sits at $358,475, with homes spending a median of 37 days on the market as of September 2026.

Updated September 2026Median value$338K

The median home value in Springfield, MA 01128 is $338K as of September 2026, up 3.5% 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 01128 range

$311K to $365K

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

+3.5% over 12 months

Sep 2025$326K

Low $326KHigh $338K

Sep 2026$338K

The numbers

What is the 01128 housing market like?

As of September 2026

Typical home value

$338K

3.5%YoY

Median list price

$358K

1.9%MoM

Days on market

60.9%MoM

Homes for sale

0.0%MoM

Price cuts

0.0%

New listings

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

The outlook

01128 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01128 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 01128 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 01128?

Zillow's forecast does not call for a drop: it expects typical home values in 01128 to rise 2.3% by September 2027, after a 3.5% 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 01128 home prices compare?

01128$337,604
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 01128 is showing modest activity with only 2 homes for sale as of September 2026. The median list price of $358,475 sits above the typical home value of $337,604, which has climbed 3.5% year over year. Homes are taking 37 days to sell on average. None of the current listings have seen price reductions. For sellers, the limited inventory and stable pricing suggest modest buyer interest in this pocket of the market.

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Down payment20% · $67,521

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Common questions

What people ask us.

What is the typical home value in 01128?

The typical home value in Springfield, MA 01128 is $337,604, up 3.5% over the past year as of September 2026.

How long do homes take to sell in 01128?

Homes in this ZIP spend a median of 37 days on the market as of September 2026.

What is the median list price in 01128?

The median list price in Springfield, MA 01128 is $358,475 as of September 2026.

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