Real Estate Market Update for Springfield, MA
Welcome to October'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 4% from one year earlier, and down 8% 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 up 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 5% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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: 154,474
  • Median Age: 31.43 yr
  • Median Commute Time: 17.92 mins
  • Educational Climate*: 3
  • Sales Tax: 6.25%
  • Population Density: 4,848/sq mi
  • Population Change Since 2000: 1.6%
  • Closest Airport: Bradley International
  • Closest College: American International College
  • Closest Jr. College: Springfield Technical Community College
  • Median Household Income: $34,843
  • Annual Residential Turnover: 12.89%
  • Median Years in Residence: 4.67 yr
  • Median Home Sales Price: $97,000
  • Closest Major Sports Team: New Britain Rock Cats
  • Change Avg. Household Income Since 2000: 14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Springfield, MA
Median Age: 31.43 Married: 22% Number of Households: 57,599 Households with Children: 21,633
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 GreatSchools Rating Parent Rating
      Dryden Memorial 0.2 mi Public PRESCHOOL-5 4-5 4
      Cathedral High School 0.3 mi Catholic 9-12 0 4
      St Michaels Academy 0.6 mi Catholic PRESCHOOL-5 0 5
      Our Lady Of The Sacred Heart School 0.6 mi Catholic PRESCHOOL-8 0 3
      Frederick Harris 0.8 mi Public PRESCHOOL-5 2 3
      White Street 0.8 mi Public K-5 0 3
      Springfield Public Day Middle School 0.9 mi Public 6-8 0 0
      Springfield Day Nursery 0.9 mi Private PRESCHOOL-K 0 0
      Elias Brookings 0.9 mi Public PRESCHOOL-5 0 3
      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 4
      Springfield High School 1.1 mi Public 9-12 0 0
      High School/science-tech 1.1 mi Public 9-12 0 1
      William N. Deberry 1.2 mi Public K-5 0 0
      Putnam Vocational Technical High School 1.2 mi Public 9-12 1 3
      Springfield Sda Junior Academy 1.2 mi Private K-8 0 0
      Frank H Freedman 1.2 mi Public K-5 2-5 3
      Washington 1.2 mi Public PRESCHOOL-5 2 2
      Rebecca M Johnson 1.2 mi Public PRESCHOOL-5 1 3
      Martin Luther King Jr. Charter School Of Excellenc 1.3 mi Public K-5 1 4
      Stem Middle Academy 1.3 mi Public 6-8 1 4
      Forest Park Middle School 1.3 mi Public 6-8 0 4
      John J Duggan Middle School 1.4 mi Public 6-8 0 3
      Pioneer Valley Christian School 1.5 mi Private PRESCHOOL-12 0 4
      Margaret C Ells 1.6 mi Public PRESCHOOL-1 0 5
      Milton Bradley School 1.7 mi Public K-5 0 4
      High School Of Commerce 1.7 mi Public 9-12 0 2
      Arthur T Talmadge 1.7 mi Public K-5 3-5 4
      Alice B Beal Elementary School 1.9 mi Public K-5 3 5
      Sumner Avenue 1.9 mi Public PRESCHOOL-5 1 5
      Balliet Middle School 1.9 mi Public 6-8 0 0
      South End Middle School 1.9 mi Public 6-8 0 0
      Mount Carmel 1.9 mi Private PRESCHOOL-8 0 0
      Hiram L Dorman 1.9 mi Public K-5 1 0
      Springfield Central High School 2.0 mi Public 9-12 1 4
      Glickman Elementary School 2.1 mi Public PRESCHOOL-5 1 4
      Curtis Blake Day School 2.1 mi Private 1-9 0 4
      Thomas M Balliet 2.2 mi Public PRESCHOOL-5 1 4
      Liberty Preparatory Academy 2.4 mi Public 9-12 0 0
      Heritage Academy 2.4 mi Private K-8 0 4
      Boland School 2.5 mi Public PRESCHOOL-5 1 3
      M Marcus Kiley Middle School 2.5 mi Public 6-8 0 3
      Pioneer Valley Montessori School 2.5 mi Private PRESCHOOL-6 0 5
      Mary M Lynch 2.6 mi Public K-5 2 4
      Our Lady Of Hope School 2.6 mi Catholic PRESCHOOL-8 0 4
      Alfred G Zanetti 2.6 mi Public PRESCHOOL-8 2-5 3
      Liberty 2.6 mi Public K-5 1 4
      Van Sickle Middle School 2.6 mi Public 6-8 0 4
      The Springfield Renaissance School 2.6 mi Public 6-12 2 4
      Springfield Public Day Elementary School 2.6 mi Public K-5 0 0
      Daniel B Brunton 2.7 mi Public PRESCHOOL-5 1 4
      Kathleen Thornton School 2.8 mi Private 2-12 0 0
      Mill Pond School 2.8 mi Private 7-12 0 3
      Mary O Pottenger 2.8 mi Public K-5 1 5
      Lubavitcher Yeshiva Academy 2.8 mi Private PRESCHOOL-8 0 5
      Mary M Walsh 2.9 mi Public K-5 1 3
      Blueberry Hill 3.0 mi Public K-5 4-5 3
      Samuel Bowles 3.1 mi Public K-5 1 4
      Academy Hill School 3.1 mi Private K-8 0 5
      Glenwood 3.2 mi Public K-5 1 3
      Longmeadow High School 3.2 mi Public 9-12 5 3
      Lincoln 3.3 mi Public K-5 2 1
      St Mary's Academy 3.5 mi Catholic PRESCHOOL-8 0 4
      Gerena 3.5 mi Public PRESCHOOL-5 0 4
      Chestnut Street Middle School 3.6 mi Public 6-8 0 1
      Williams Middle School 3.6 mi Public 6-8 4-5 3
      Sabis International Charter School 3.7 mi Public K-12 2-5 3
      Brightwood 3.8 mi Public K-5 0 0
      Warner 3.9 mi Public PRESCHOOL-5 2-5 2
      Glenbrook Middle School 3.9 mi Public 6-8 4 4
      Longmeadow Montessori 4.0 mi Private PRESCHOOL-K 0 0
      Center 4.1 mi Public PRESCHOOL-5 4 4
      John F Kennedy Middle School 4.1 mi Public 6-8 0 3
      Springfield Academy For Excellence 4.4 mi Public 9-12 0 5
      Wolf Swamp Road 4.4 mi Public K-5 3-5 4
      Indian Orchard Elementary School 4.7 mi Public PRESCHOOL-5 1 4
      Orchard Childrens Corner 4.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Willie Ross School For Deaf 5.1 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Springfield, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.