Market Intelligence · MA / Springfield

Springfield, MA 01129 Housing Market

The typical home value in Springfield 01129 is $320,937, up 3.6% over the past year. The median list price stands at $349,225, with homes spending a median of 56 days on market as of September 2026.

Updated September 2026Median value$321K

The median home value in Springfield, MA 01129 is $321K as of September 2026, up 3.6% 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 01129 range

$295K to $347K

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

Sep 2025$310K

Low $310KHigh $321K

Sep 2026$321K

The numbers

What is the 01129 housing market like?

As of September 2026

Typical home value

$321K

3.6%YoY

Median list price

$349K

6.0%MoM

Days on market

6.7%MoM

Homes for sale

9.1%MoM

Price cuts

8.3%

45.8%MoM

New listings

0.0%MoM

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

The outlook

01129 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 01129 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 01129 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 01129?

Zillow's forecast does not call for a drop: it expects typical home values in 01129 to rise 2.1% by September 2027, after a 3.6% 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 01129 home prices compare?

01129$320,937
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's housing market shows modest activity with 10 homes for sale and 8 new listings as of September 2026. The median list price of $349,225 sits above the typical home value of $320,937, which has appreciated 3.6% year over year. Homes are taking 56 days to sell on average, a moderate timeframe. Only 8.3% of listings have seen price cuts. For sellers, the data suggests a market where prices are holding steady but buyers are not in a rush to decide.

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Down payment20% · $64,187

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Common questions

What people ask us.

What is the typical home value in Springfield 01129?

The typical home value is $320,937 as of September 2026, up 3.6% over the past year.

How long do homes typically stay on market here?

The median days on market is 56 as of September 2026.

How many homes are currently for sale in this ZIP?

There are 10 homes for sale as of September 2026, with 8 new listings.

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