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Our Springfield, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Springfield as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Springfield, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Springfield MA Community Profile & History
Springfield, Massachusetts is known as the "City of Firsts" for its precedent-setting history in areas of culture, technology, entertainment and industry. The birthplace of basketball, Dr. Seuss and the Duryea automobile, the city has provided the tools, the talent and the perfect environment for creation, invention and innovation. The city is charging into the future with a revitalized community outlook and booming economic developments, including its growing role as a hub of fiber-optic cable for the telecommunications industry.
First settled by William Pynchon, assistant treasurer of the Massachusetts Bay Colony, and an expedition of at least seven other men in 1636, the city was founded on land purchased from Native Americans in the neighboring village of Agawam. Residential growth proceeded slowly until the 1770s, when George Washington selected the city as the site of the first National Armory. Over the next century, the city rose to prominence as a growing industrial power. Nicknamed "The City of Homes" for its multitude of Victorian mansions and many single-family workers' homes, the city emerged as a major arms manufacturer with the establishment of the Smith & Wesson factory in 1856. The Duryea Motor Wagon, built by residents Charles and Frank Duryea in 1893, would be the first successful gas-engine vehicle built in the U.S. as well as the first automobile offered for sale in the nation. The city's automotive industry prospered for the next half-century, with the Rolls-Royce automobile and the Indian Motorcycle among its most popular products.
In 1891, physical education teacher James Naismith invented basketball, now the city's most fabled export, at the local YMCA. Naismith created the sport in order to fill the gap between the baseball and football seasons. In 1968, the Naismith Memorial Basketball Hall of Fame was opened at Springfield College. Though it has relocated twice in the years since, most recently to a basketball-shaped structure in 2002, the museum remains one of the city's most popular attractions, drawing fans of the sport from around the world.
In addition to its rich history and commercial appeal, Springfield is home to a growing arts community. The tree-lined Quadrangle is the city's cultural center, with its public library and four diverse museums. The city's 17 neighborhoods (Bay Area, Boston Road, Brightwood, East Forest Park, East Springfield, Forest Park, Indian Orchard, Liberty Heights, Metro Center, Memorial Square, McKnight, Old Hill, Pine Point, Six Corners, Sixteen Acres, South End, Upper Hill) are home to an architecturally significant housing stock, including six historic districts.
The city offers an abundance of beautiful housing for every taste and lifestyle, all available at a cost significantly lower than in the eastern part of Massachusetts. Victorian homes, farm houses, contemporary palaces, condominiums and apartments are found in every neighborhood. Special complexes to accommodate the elderly are also available. The city is blessed with a thriving civic life, a strong sense of community, culture, economic health and the joy of living well.
Springfield, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Springfield Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 87 1321 $157689 $22000 $153000 $460000 |
2007 103 1087 $152236 $23900 $150000 $715000 |
2008 128 840 $134842 $8000 $134450 $330000 |
2009 117 991 $124342 $9900 $129000 $417000 |
Average Selling Price of Single Family Homes in Springfield
| 2006 |  $157689 | |
| 2007 | $152236 | |
| 2008 | $134842 | |
| 2009 | $124342 |
Springfield Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 104 106 $120642 $25000 $124250 $205000 |
2007 100 82 $125755 $25000 $130500 $320000 |
2008 127 62 $124528 $25000 $129500 $325000 |
2009 137 64 $103588 $14000 $112500 $170000 |
Average Selling Price of Condominiums in Springfield
| 2006 | $120642 | |
| 2007 | $125755 | |
| 2008 | $124528 | |
| 2009 | $103588 |
Regional Market Reports
MA Real Estate Market Report – First Quarter 2010
Springfield Massachusetts Community Information
Springfield Community Demographics and Local Resources
Request a Market Analysis on a Home in Springfield
Springfield Schools
Springfield Area Newspaper
Springfield MA Real Estate Information
Condominium Information
Farm Properties
Foreclosures and Short Sales
Land for Sale in Springfield
All Homes for Sale in Springfield
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Vacation Homes
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Adjustable Rate Mortgages
Buyer Agency
Home Buyer's Real Estate Guide
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How to Buy Your First Home
HUD Homes
Low Down Payments
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Fixing Up Your Home
For Sale By Owner
Home Seller's Real Estate Guide
Maximizing the Sale of Your Real Estate
What to Ask Your Real Estate Agent