Updated
Updated · Fox Business · May 7
Springfield, Massachusetts tops US housing market as Springfield, Illinois prices jump
Updated
Updated · Fox Business · May 7

Springfield, Massachusetts tops US housing market as Springfield, Illinois prices jump

4 articles · Updated · Fox Business · May 7
  • Realtor.com ranked Springfield, Massachusetts first for a second month, while Springfield, Illinois rose to No. 13 with a 26.6% annual price surge.
  • Massachusetts offers a $365,000 median listing price versus Boston's $832,500, with homes selling in 23 days; Illinois has the Top 20's lowest median at about $250,000.
  • One Springfield, Illinois home drew 96 showings and 28 offers in four days, selling $60,000 above asking, as Northeast cities claimed 16 of the 20 hottest markets.
Are buyers trading high mortgages for crippling transport and energy costs in smaller, sprawling cities?
As big-city buyers flood smaller towns, are they just creating the same affordability crisis they fled?