October's First-Time Homebuyer Report for Memorial Square

With 5,282 residents, Memorial Square is an average-sized neighborhood in Springfield. Also, with 11,664.8 people per square mile, it has a higher than average density in comparison to other parts of the city. Memorial Square is made up of homes that are older than most with a median of 56 years. The best school in the neighborhood is Lincoln.

Price Range

Some of the more expensive homes in Springfield are in Memorial Square with a median home value of $141,293 and an average list price for available homes currently at $106,572. There was one home sale in the Memorial Square market over the last 30 days, exceeding the 0.6 monthly average for the last 12 months.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Memorial Square:

$164K  

Typical Dwelling

The typical dwelling in Memorial Square is a six-bedroom detached home worth about $121,780. To purchase a similar home, a buyer with good credit and a $24,356 cash down payment could obtain a mortgage with a 3.95% interest rate and a $779 monthly payment. The property tax rate is $15.64 per $1,000 of taxable assessed value.

Get started right now by checking out Memorial Square homes for sale or reviewing Memorial Square real estate trends.


Data reported through 10/13/2016

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Coldwell Banker Residential Brokerage - Chicopee
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