Is West Springfield Town, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Springfield Town is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Springfield Town has remained a Seller's Market.

Key Takeaway

West Springfield Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Springfield Town, MA

How much do homes in West Springfield Town, MA cost?

Median Sold Price

$316,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,000(+3.6%)

Key Takeaway

Homes in West Springfield Town have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in West Springfield Town was $316,000 in November 2024, up 3.6% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$135.1K
+3.9%
2 $155.5K$235K
+51.1%
3 $307.5K$316K
+2.8%
4 $317.5K$355K
+11.8%
5+ $355K$335K
-5.6%

Summary: West Springfield Town housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 51.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Cities

West Springfield Town
+3.6%
West Springfield
+3.6%
Feeding Hills
+1.4%
Agawam
-0.8%
Agawam Town
-1.5%

Housing Supply in West Springfield Town, MA

How many homes are available in West Springfield Town, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6352-17.5%

Summary: The West Springfield Town real estate market had 52 homes for sale in November 2024, a 17.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 1612
-25.0%
3 1919
0.0%
4 2016
-20.0%
5+ 65
-16.7%

Summary: The West Springfield Town housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Springfield Town, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in West Springfield Town in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.

Days on Market for West Springfield Town, MA

How long does it take to sell a home in West Springfield Town, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days34 Days+53.5%

Summary: Homes in West Springfield Town had an average of 34 days on market in Nov 2024, up by 53.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Springfield Town are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in West Springfield Town; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Real Estate Agent illustration

Local real estate agents are ready to help you find a home here.

Connect With An Agent
Real Estate Agent illustration

Sell your home with an expert or get the job done on your own.

Sell My Home
Real Estate Agent illustration

Get a customizable mortgage solution based on today's rates.

Get Approved

Newest Listings in West Springfield Town, MA

Nearby Markets to West Springfield Town, MA

What housing markets are near West Springfield Town, MA?

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 12/01/2022 - 12/01/2024

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Popular Cities with Homes for Sale in Massachusetts