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Springfield, MA 01109 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Springfield, MA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.18
ActiveActive listings: 3333PendingPending sales: 66
Springfield, MA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $320k$320kSoldMedian sold price (last 6 months): $305k$305k
What homes actually sell for in Springfield, MA
Distribution of 153 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $264k to $365k
$160k to $198k: 11 sales$160k$198k to $235k: 7 sales$235k to $272k: 23 sales$235k$272k to $310k: 32 sales32sales$310k to $348k: 27 sales$310k$348k to $385k: 13 sales$385k to $422k: 12 sales$385k$422k to $460k: 13 salesMedian $305k

What the numbers say

As of September 14, 2026, Resideline is tracking 33 active listings and 6 pending sales in ZIP code 01109. That pending-to-active ratio of 0.18 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $320,000, while the median of the 153 closed sales Resideline tracked over the last six months was $305,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 01109 for 50 days.

Frequently asked questions

What is the median home price in 01109?

The median closed sale price in Springfield, MA 01109 was $305,000 over the last six months, based on 153 closed sales tracked by Resideline. The middle half of those sales ranged from $264,000 to $365,000.

Is 01109 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 33 active listings in 01109, a pending-to-active ratio of 0.18. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 01109 currently looks like a balanced market.

Nearby ZIP code market data

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