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In this article Springfield 2025 Overview What’s Driving Appraised Values Homeowner Appraisal Prep Checklist When to Order a Springfield Appraisal FAQs Springfield 2025 Overview Across Springfield and greater Hampden County, appraised values in 2025 have been supported by low inventory, steady buyer demand, and neighborhood-level factors like school zones, commuter access, and ongoing revitalization. While interest rates influence monthly affordability, limited supply keeps well-located homes competitive. For sellers and attorneys managing estates or divorces, a current, local appraisal anchors decisions to today’s market reality. In Springfield, home values are moving upward faster than the state average. As of July 2025, the median sale price stood at $322,190—up 7.4% year-over-year—while statewide Massachusetts recorded a more modest 4.0% increase, hovering around $750,143. Comparatively, the Massachusetts average home value across all markets reached $658,406 (a 1.7% rise). Springfield remains especially competitive with homes selling in just 22 days and often fetching 3% above their list price, with the hottest listings topping out at 7% above. These dynamics underscore why localized, accurate appraisals are essential in a tight market with fast pace and rising values. Springfield Market Snapshot — July 2025 Springfield Median Sale Price $322,190 (+7.4% YoY) Springfield Homes Sold 127 (+17.6% YoY) Median Days on Market (Springfield) 22 (flat YoY) Massachusetts Avg. Home Value $658,406 (+1.7% YoY) Springfield Mass. +7.4% +1.7% Sources: Redfin Springfield Market (July 2025), Zillow MA Home Values (data through July 31, 2025). Key local signals: recent neighborhood sales, list-to-sale trends, days on market, condition/updates, and micro-location (traffic influence, proximity to services, and park/school catchments). What’s Driving Appraised Values in Springfield 1) Low Inventory vs. Buyer Demand When fewer listings hit the market, comparable sales skew toward competitive outcomes. Appraisals reflect this with recent closed sales (and, when relevant, active/pending data for context). 2) Neighborhood Nuance Matters Forest Park,… Continue Reading