ZIP 01103 (Springfield, MA) Housing Market & Real Estate Update — February 24, 2026
01103 – February 24, 2026 – Downtown Springfield, MA: Redfin Jan median sold $148K; Zillow typical value $137K; 30-yr rate 6.01%. Inventory thin, condos lead.
ZIP 01103 covers downtown Springfield in Hampden County, Massachusetts. The latest portal dashboards show a tiny number of recent sales and a small active-for-sale pool, so month-to-month stats can swing quickly.
Top takeaways
- Recent sale benchmark: Redfin shows a $148K median sale price for January 2026 in 01103, with 99 days on market and just 1 home sold in the period.
- Value and inventory signals: Zillow pegs the typical home value at $137,078 (down 0.1% year over year) and shows 11 for-sale inventory as of Jan. 31, 2026.
- Rates: Freddie Mac’s weekly average 30-year fixed rate was 6.01% as of Feb. 19, 2026, keeping payment math as important as price.
Market snapshot (sales, pricing, supply)
Sales: With only one closed sale showing on Redfin’s January snapshot, treat the big year-over-year change shown there as a low-sample signal, not a trend you can bank on. In practical terms, a handful of condo sales can move the median dramatically in a downtown-heavy ZIP.
Active listings: Major portals currently show about five active homes for sale in 01103, and the visible mix is heavily condo-focused. Realtor.com’s ZIP view lists a $100,000 median listing price and an average 68 days on market for active listings.
Rentals pulse
Zillow’s rent index for 01103 shows an average rent around $1,596 as of Jan. 31, 2026 (down about 2.0% month over month and up about 4.0% year over year). For landlords and renters, the takeaway is that rents still look higher than last year, but the near-term direction can soften as new units rotate on and off the market.
What is for sale right now (no-address highlights)
- Downtown condos: Many of the current options appear to be in the same larger building, which can concentrate supply and create very building-specific pricing.
- Smaller-entry listings: The active set includes smaller one-bedroom style units that can appeal to first-time buyers or investors doing conservative rehab.
- Nearby spillover: If you need a yard, parking, or more space, you may see more choice by expanding your search to adjacent Springfield ZIPs while keeping commute time in mind.
ServiceXTC local-pro note
During today’s quick scan, we did not locate verified ServiceXTC directory listings tagged specifically to ZIP 01103. If you are a local inspector, electrician, plumber, HVAC tech, or remodeler serving downtown Springfield, consider adding your listing so buyers and sellers can find you faster.
Sources
- Zillow: 01103 home values and rent trends
- Redfin: 01103 housing market trends and active listings
- Realtor.com: 01103 active listings snapshot
- Freddie Mac: Primary Mortgage Market Survey
Locals: are you seeing more price cuts, more investor activity, or more rental demand in 01103 this month?