Springfield's Housing Market Soars: 7.6% Price Increase, Top 5 Expensive Homes Sold, and Migration Trends Unveiled

Springfield Housing Market Trends in November

In November 2023, Springfield home prices were up 7.6% compared to last year, selling for a median price of $276,500. On average, homes in Springfield sell after 20 days on the market compared to 24 days last year. There were 102 homes sold in November this year, down from 137 last year.

Springfield Migration & Relocation Trends

In Sep '23 - Nov '23, 74% of Springfield homebuyers searched to move out of Springfield, while 26% looked to stay within the metropolitan area.

Photo by Redfin

Where are people moving to Springfield from?

• Across the nation, 0.23% of homebuyers searched to move into Springfield from outside metros.
• New York homebuyers searched to move into Springfield more than any other metro followed by Washington and Portland.

Where are people from Springfield moving to?

• 26% of Springfield homebuyers searched to stay within the Springfield metropolitan area.
• Chicago was the most popular destination among Springfield homebuyers followed by Boston and Denver.

Top 5 Most Expensive Homes Sold in Springfield in the Last Month

1. 145 Barrington Dr, Springfield, MA, 01129

Photo by Redfin

• Sold on NOV 30, 2023 for $535,000
• 4 Beds, 2 Baths, 2576 Sq Ft
• Description: New 2021 home in Barrington Estates, located on a quiet cul de sac. Features a private backyard, open floor plan, quartzite kitchen counters, SS appliances, and a walk-in pantry. Living/dining room has hardwood floors and a custom gas fireplace. More details here.

2. 8 Francis, Springfield, MA, 01104

Photo by Redfin

• Sold on DEC 12, 2023 for $499,900
• 4 Beds, 2 Baths, 2400 Sq Ft
• Description: New 4 BR 2.5 BTH colonial with a quartz countertop kitchen, SS appliances, and a large pantry. Living room features oak hardwood floors and a gas fireplace. Master bedroom has a walk-in closet and a quartz counter bathroom with a custom shower. More details here.

3. 62-64 Olmsted Dr, Springfield, MA, 01108

Photo by Redfin

• Sold on DEC 15, 2023 for $432,000
• 10 Beds, 3 Baths, 4629 Sq Ft
• Description: Oversized 2 family home, perfect for owner occupied investment. Over 4,500 sq ft with hardwood floors, updated kitchens and baths, and newer gutters, boilers, and hot water tanks. First floor unit has 3/4 bedrooms and in-unit laundry. More details here.

4. 16 Hickox St, Springfield, MA, 01104

Photo by Redfin

• Sold on DEC 13, 2023 for $400,000
• 4 Beds, 3 Baths, 1872 Sq Ft
• Description: Colonial home in East Springfield with 4 beds/3 baths. Features hardwood floors, a formal dining area, and a kitchen with custom cabinetry, granite countertops, and high-end appliances. A full bathroom is conveniently located on the first floor. More details here.

5. 55-57 Bloomfield St, Springfield, MA, 01108

Photo by Redfin

• Sold on DEC 7, 2023 for $396,000
• 6 Beds, 2 Baths, 2508 Sq Ft
• Description: Renovated multi-family home in Springfield, ideal for owner occupied or investors. Each unit has 6 rooms, 3 bedrooms, and a full bath. Kitchens are updated with new cabinets, counters, and appliances. Home has a new roof, electrical, windows, and plumbing. More details here.

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