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)
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, Sixteen Acres, East Forest Park, and Metro Center can move differently. Appraisers analyze hyperlocal comps—age, GLA, condition, utility, and site nuances—rather than relying on county or state averages.
3) Condition & Updates
Permitted improvements (roof/HVAC, kitchens/baths, windows, energy upgrades) can influence the reconciliation—especially if multiple recent comps in the same area echo buyer preferences.
4) Interest Rates & Contract Behavior
Rates shape payments, but Springfield’s price resilience often ties to scarcity and neighborhood desirability. Strong list-to-sale ratios in select pockets help support indicated values.
Homeowner Appraisal Prep Checklist (Springfield, MA)
- Gather documents: recent improvements with dates/costs, permits, survey (if available), condo docs (if applicable).
- Make minor fixes: safety items, obvious deferred maintenance, easy curb-appeal wins (trim, bulbs, clean walkways).
- Provide access & context: list neighborhood benefits (parks, transit, schools), and timing nuances (estate effective date, divorce date of separation, etc.).
- Know your comps: recent sales in your micro-area with similar age/GLA/condition; your appraiser will vet these but context helps.
When to Order a Springfield Appraisal
Pre-listing: price confidently in a low-inventory environment.
Estate/Date-of-Death: get a retrospective value tied to a specific historical date for probate/IRS needs.
Divorce: an impartial, USPAP-compliant valuation for equitable distribution.
Need help now? Request an appraisal or see our
Appraisal Services page.
FAQs
Are Springfield home values still rising in 2025?
Overall values have remained resilient due to limited supply and steady demand. Springfield’s neighborhoods do not move in lockstep—local comps drive conclusions.
Do appraised values match list or contract price?
Sometimes. The appraisal reconciles recent comparable sales, condition, utility, and site factors. In tight markets, well-supported contracts can align with indicated value.
How fast can I get a divorce or estate appraisal?
Most residential assignments are inspected within a few days, with reports typically delivered 3–5 business days after inspection. Retrospective/complex cases may take longer.
Which Springfield areas do you cover?
All of Hampden County, including Springfield, Chicopee, West Springfield, Agawam, Longmeadow, East Longmeadow, Wilbraham, and Ludlow.
