Real Estate Market Update for Springfield, MA
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 48% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 18%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold was consistent year-over-year, and decreased 12% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Springfield, MA
Area Information for Springfield, MA
  • Population: 152,980
  • Median Age: 33.86 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 4,800/sq mi
  • Population Change Since 2000: .62%
  • Closest Airport: Bradley International
  • Closest College: American International College
  • Closest Jr. College: Springfield Technical Community College
  • Median Household Income: $35,210
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $118,050
  • Closest Major Sports Team: Connecticut Tigers
  • Change Avg. Household Income Since 2000: 22.01%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Springfield, MA
Median Age: 33.86 Married: 26% Number of Households: 56,748 Households with Children: 18,382
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Springfield, MA

      School Name Distance Type Grades School Rating Parent Rating
      Dryden Memorial 0.2 mi Public PRESCHOOL-5 1 0
      Our Lady Of The Sacred Heart School 0.6 mi Catholic PRESCHOOL-8 0 0
      St Michaels Academy 0.6 mi Catholic 6-8 0 0
      Frederick Harris 0.8 mi Public PRESCHOOL-5 2 0
      White Street 0.8 mi Public K-5 3 0
      Springfield Day Nursery 0.9 mi Private K-K 0 0
      Elias Brookings 0.9 mi Public PRESCHOOL-5 1 0
      Children's House 1.0 mi Private PRESCHOOL-K 0 0
      Homer Street 1.0 mi Public K-5 1 0
      Kensington Avenue 1.0 mi Public K-5 1 0
      Liberty Preparatory Academy 1.1 mi Public 9-12 0 0
      Springfield High School 1.1 mi Public 9-12 0 0
      High School/science-tech 1.1 mi Public 9-12 0 3
      William N. Deberry 1.2 mi Public K-5 1 0
      Springfield Sda Junior Academy 1.2 mi Private K-8 0 0
      Frank H Freedman 1.2 mi Public K-5 1 0
      Washington 1.2 mi Public PRESCHOOL-5 1 0
      Putnam Vocational Technical High School 1.2 mi Public 9-12 1 3
      Rebecca M Johnson 1.3 mi Public PRESCHOOL-5 1 0
      Martin Luther King Jr. Charter School Of Excellenc 1.3 mi Public K-5 2 0
      Stem Middle Academy 1.3 mi Public 6-8 2 0
      Forest Park Middle School 1.3 mi Public 6-8 1 2
      Trinity Nursery And Kindergarten 1.3 mi Private PRESCHOOL- 0 0
      John J Duggan Middle School 1.4 mi Public 6-10 0 0
      Veritas Preparatory Charter School 1.5 mi Public 5-8 0 0
      Pioneer Valley Christian Academy 1.6 mi Private PRESCHOOL-12 0 0
      Margaret C Ells 1.6 mi Public PRESCHOOL-1 0 0
      Phoenix Charter Academy Springfield 1.7 mi Public - 0 0
      Phoenix Academy Public Charter High School Springfield 1.7 mi Public 9-12 0 0
      Milton Bradley School 1.7 mi Public PRESCHOOL-5 0 0
      High School Of Commerce 1.7 mi Public 9-12 0 3
      Arthur T Talmadge 1.7 mi Public K-5 1 0
      Gateway To College At Springfield Technical Community College 1.7 mi Public 9-12 0 0
      Alice B Beal Elementary School 1.9 mi Public K-5 4 0
      Sumner Avenue 1.9 mi Public PRESCHOOL-5 1 0
      Mount Carmel 1.9 mi Private PRESCHOOL-8 0 0
      South End Middle School 1.9 mi Public 6-8 0 0
      Hiram L Dorman 1.9 mi Public K-5 1 0
      Balliet Middle School 1.9 mi Public 6-8 0 0
      Springfield Central High School 2.0 mi Public 9-12 0 3
      Glickman Elementary School 2.0 mi Public K-5 1 0
      Curtis Blake Day School 2.1 mi Private 1-9 0 0
      Thomas M Balliet 2.2 mi Public PRESCHOOL-5 0 0
      Springfield Public Day Middle School 2.3 mi Public 6-8 0 0
      Baystate Academy Charter Public School 2.4 mi Public 6-7 0 0
      Heritage Academy 2.4 mi Private K-8 0 0
      Boland School 2.5 mi Public PRESCHOOL-5 1 0
      M Marcus Kiley Middle School 2.5 mi Public 6-8 0 0
      Pioneer Valley Montessori School 2.5 mi Private PRESCHOOL-6 0 0
      Our Lady Of Hope School 2.6 mi Catholic PRESCHOOL-8 0 0
      Alfred G Zanetti 2.6 mi Public PRESCHOOL-8 4 0
      Liberty 2.6 mi Public K-5 2 0
      Mary M Lynch 2.6 mi Public K-5 2 0
      The Springfield Renaissance School 2.6 mi Public 6-12 2 3
      Van Sickle Middle School 2.6 mi Public 6-8 0 0
      Springfield Public Day Elementary School 2.6 mi Public K-5 0 0
      Daniel B Brunton 2.7 mi Public PRESCHOOL-5 2 0
      Kathleen Thornton School 2.8 mi Private 1-12 0 0
      Mill Pond School 2.8 mi Private 1-12 0 0
      Lubavitcher Yeshiva Academy 2.8 mi Private PRESCHOOL-8 0 0
      Mary O Pottenger 2.8 mi Public K-5 1 4
      Mary M Walsh 2.9 mi Public K-5 1 0
      Blueberry Hill 2.9 mi Public K-5 4 0
      Samuel Bowles 3.1 mi Public K-5 0 0
      Academy Hill School 3.1 mi Private PRESCHOOL-8 0 0
      Glenwood 3.2 mi Public K-5 1 0
      Longmeadow High School 3.3 mi Public 9-12 5 4
      Lincoln Elementary School 3.3 mi Public K-5 0 0
      St Mary's Academy 3.5 mi Catholic PRESCHOOL-8 0 0
      Gerena 3.5 mi Public PRESCHOOL-5 1 0
      Chestnut Accelerated Middle School (talented And Gifted) 3.6 mi Public 6-8 0 0
      Chestnut Accelerated Middle School (south) 3.6 mi Public 6-8 0 0
      Chestnut Accelerated Middle School (north) 3.6 mi Public 6-8 0 0
      Williams Middle School 3.6 mi Public 6-8 4 0
      Sabis International Charter School 3.7 mi Public K-12 2 0
      Warner 3.8 mi Public PRESCHOOL-5 3 0
      Brightwood 3.8 mi Public K-5 0 0
      Glenbrook Middle School 3.9 mi Public 6-8 4 0
      Longmeadow Montessori 4.0 mi Private PRESCHOOL-K 0 0
      Center 4.1 mi Public K-5 5 0
      John F Kennedy Middle School 4.1 mi Public 6-8 0 0
      Springfield Public Day High School 4.4 mi Public 9-12 0 0
      Wolf Swamp Road 4.4 mi Public K-5 3 0
      Indian Orchard Elementary School 4.6 mi Public PRESCHOOL-5 0 0
      Springfield Conservatory Of The Arts 4.8 mi Public 6-7 0 0
      Orchard Childrens Corner 4.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Willie Ross School For Deaf 5.0 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Springfield, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.