The Memorial Square housing market is somewhat competitive. The median sale price of a home in Memorial Square was $320K last month, down 8.6% since last year. The median sale price per square foot in Memorial Square is $114, down 6.1% since last year.
What is the housing market like in Memorial Square today?
In March 2024, Memorial Square home prices were down 8.6% compared to last year, selling for a median price of $320K. On average, homes in Memorial Square sell after 51 days on the market compared to 7 days last year. There were 11 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$320,000
-8.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Memorial Square, MA
$320,000
-8.6%
United States
To compare other locations to the Memorial Square and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
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How hot is the Memorial Square housing market?
Memorial Square is somewhat competitive. Homes sell in 31 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 31 days.
Hot homes
can sell for about 7% above list price and go pending in around 20 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Memorial Square housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Memorial Square.
Risk Factor
Flood Factor - Major
80% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Memorial Square has a major risk of flooding. 119 properties in Memorial Square are likely to be
severely affected
by flooding over the next 30 years. This represents 80% of all properties in Memorial Square. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Memorial Square has a minor risk of wildfire. There are 8 properties in Memorial Square that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Memorial Square.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Memorial Square has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Memorial Square is most at risk from hurricanes. 833 properties in Memorial Square have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 73 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.