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Foreclosure Homes in Springfield, MA

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Springfield, MA Foreclosures

Current Market Conditions in in Springfield, MA As of April 2026?
The last month has continued to show an upward trajectory in the Springfield real estate market, with home sales increasing by approximately 8% compared to the previous month. This increase reflects continued interest from out-of-state buyers, resulting in competitive offers on desirable properties. Furthermore, the average days on the market have decreased, illustrating an active buying environment as homeowners capitalize on favorable selling conditions. Overall, the market appears to be stabilizing, responding to seasonal trends, and retaining positivity amid wider economic fluctuations.
How much do homes sell for in Springfield, MA?
The average home price is currently $343,649.
In Springfield, MA, how many homes are available?
There are currently 273 active home listings available in Springfield.
What’s the average rental cost in Springfield, MA?
The average rental price in Springfield is $1,407.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $68,615,256.
What is currently the cheapest priced home in Springfield, MA?
The cheapest home for sale in Springfield is priced at $10,232.

Living in Springfield, MA

Springfield, MA offers a rich tapestry of culture and history, providing diverse amenities and a welcoming community for its residents. With a mix of urban convenience and beautiful parks, it is ideal for families and professionals. Springfield is well-connected and features a variety of schools and recreational options, making it a desirable location.

Buyer vs Seller Market in Springfield, MA

The Springfield real estate market has seen a steady increase in home values, driven by rising demand as new buyers enter the market looking for affordable housing compared to surrounding areas. The inventory remains tight, which has led to competitive bidding on quality homes, particularly those near the city center and desirable neighborhoods.

As of late 2023, the rental market in Springfield is growing, with more individuals seeking apartments in the city due to its affordability and access to job opportunities. The influx of businesses expanding to or establishing operations in Springfield has also bolstered the economy and housing demand.

Home Value Estimator For Springfield, MA

There are currently 38,262 real estate properties in Springfield, MA, with a median automated valuation model (AVM) price of $293,464.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Springfield, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Springfield, MA, is $343,649.00, with the most expensive house in Springfield, MA, topping out at $68,615,256.00 and the cheapest home in Springfield, MA, clocking in at $10,232.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, MA!

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.

Springfield, MA Foreclosures


Market Trend for Springfield, MA

Total Listings Available: 273

Market Values:

Home Prices from $10,232 to $68,615,256

Average Sales Price: $343,649

Rental Values:

Rental from $640 to $3,380

Average Rent Value: $1,407 / month

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