Foreclosure Homes in Springfield, MA

Current Market Conditions in Springfield, MA

Springfield's real estate market is currently favorable for buyers, with a slight increase in inventory and stable home prices. The city has seen interest from families looking for affordable housing options amidst a recovering economic environment.

The area is seeing an influx of buyers drawn to its historic neighborhoods and suburban feel while being close to major job centers in Hartford and Boston.

Rent Prices In Springfield, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, MA, is on a rollercoaster ride. The average rent price in Springfield, MA, is $1,407.00. Indeed, when looking to rent in Springfield, MA, you can expect to pay as little as $640.00 or as much as $3,380.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Springfield, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.