Market Intelligence Report — MA-140

Springfield, MA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MA-08
As of the latest 2026 data
Very Competitive

Median Listing

$380K
+7.0% YoY

Pending Ratio

1.04
+82.1% YoY

Active Inventory

552
+16.0% YoY

Median DOM

39 Days
+34.5% YoY

Primary Intelligence Tool — Sold Score™

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The Springfield market is currently characterized as Very Competitive, with a pending ratio of 1.04 indicating demand significantly outstripping available inventory. This strong absorption dynamic persists despite a noticeable increase in active listings over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

6.0%+0.1 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

464,338+0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Springfield market right now.

Active listings have seen a substantial year-over-year increase of 16.0%, reaching 552 units, while new listings grew more modestly at 1.0%. Despite this inventory growth, the median listing price has maintained upward momentum, appreciating by 7.0% year-over-year. The pending ratio has experienced an 82.1% year-over-year increase, signaling a rapid acceleration in demand relative to supply absorption over the past year.

Historical Analysis

Market Trends

Median Price

$380K-0.0% MoM

Active Inventory

552+16.0% YoY

Days on Market

39+34.5% YoY

Sold Score™

74+82.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

74
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated pending ratio of 1.04 suggests a rapid pace of transactions, placing considerable pressure on available inventory. This environment necessitates prompt engagement for prospective purchasers and generally supports price discipline for properties brought to market. The increased median days on market to 39, up 34.5% year-over-year, indicates some recalibration in transaction speed despite strong overall demand.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

552 active listings represent the current floor, with new supply arriving at roughly 420 per month.

Pricing Pressure
17.8%

of active listings carry a price reduction, +0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.5% year-over-year.

Absorption
1.04

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Springfield, MA? Homes here are taking 10 days longer to sell than last year.

Demand in Springfield, MA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
104%
Median Days on Market
39 days
Inventory YoY
+16%

Demand is strong in Springfield, MA. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Springfield, MA
CBSA Code
44140
State
MA

ZIPs in Springfield, MA

Sorted by active inventory · click a ZIP for its full report