2

Memorial Square Homes for Sale

Section Image
  • /12

    $415,000 Open Sun 11AM - 12:30PM

    • 9 Beds
    • 3 Baths
    • 3,258 Sq Ft

    49 Prospect St, Springfield, MA 01107

    Welcome to this established 3-family investment property in Springfield, MA! Three spacious 3BR apartments, all currently occupied with reliable tenants providing immediate steady cash flow. Located near schools, parks, shopping & public transit with easy highway access. This turnkey opportunity comes with existing tenants who remain, eliminating vacancy concerns & providing instant rental income

    Mark Lesses Coldwell Banker Realty - Lexington

    49 Prospect St, Springfield, MA 01107
  • /41

    $450,000

    • 3 Beds
    • 3 Baths
    • 1,800 Sq Ft

    42 Ringgold St, Springfield, MA 01107

    Welcome to this stunning 3-bedroom, 3-bath home built in 2023, offering contemporary design, comfort, and functionality. Step inside to a bright, open layout featuring a sleek kitchen equipped with high-end, energy-efficient appliances and air sanitation vents for enhanced air quality. Each of the three bathrooms is beautifully finished adding a touch of elegance throughout. The spacious primary

    Miguel Feliz Coldwell Banker Realty - Andovers/Readings Regional

    42 Ringgold St, Springfield, MA 01107

Why Live in Memorial Square

Memorial Square in Springfield is a historic neighborhood known for its Gothic and Renaissance architecture, including the Saint George Greek Orthodox Cathedral and the Springfield Street Trolley Barn. The area is highly walkable and bikeable, with accessible public transportation provided by the Pioneer Valley Transit Authority. Residents benefit from proximity to major employers, including two large health systems and various industrial companies. The neighborhood is dotted with food trucks and pop-up food trailers, with local favorites like La Taqueria Del Pueblo and El Charros. Puerto Rico Bakery is a longstanding community staple for both food and groceries, complemented by small markets like Medina’s and Bethania. For larger shopping needs, residents head to the nearby Riverdale Center and Shops. Memorial Square hosts several annual events, such as the Big E festival, Glendi Greek Festival, and the Springfield Puerto Rican Parade, fostering a strong sense of community. Housing options include multi-unit Queen Anne homes, Colonial revival single-family homes, and multi-unit apartments, with a high percentage of rental properties. The neighborhood is served by Springfield Public Schools, with Springfield Central High School being the highest-rated. Recreational options include Jaime Ulloa Park and Calhoun Park, both offering sports facilities and playgrounds, while Van Horn Park provides a natural retreat. Despite its urban setting, Memorial Square has a lower crime rate compared to the national average, making it a practical choice for residents.

Frequently Asked Questions

Is Memorial Square a good place to live?
Memorial Square is a good place to live. Memorial Square is considered fairly walkable and somewhat bikeable with good transit options. Memorial Square is a suburban neighborhood. Memorial Square has 6 parks for recreational activities. It is fairly dense in population with 13.8 people per acre and a median age of 32. The average household income is $33,503 which is below the national average. College graduates make up 9% of residents. A majority of residents in Memorial Square are renters, with 89% of residents renting and 11% of residents owning their home. A local real estate agent serving Memorial Square can help you decide if this neighborhood is the right one for you. Learn more on our Memorial Square neighborhood guide.
How much do you need to make to afford a house in Memorial Square?
The median home price in Memorial Square is $879,000. If you put a 20% down payment of $175,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $4,560 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $195K a year to afford the median home price in Memorial Square. The average household income in Memorial Square is $34K.
What are the best public schools in Memorial Square?
The best public schools that serve Memorial Square are:
What are the best private schools in Memorial Square?
The best private schools that serve Memorial Square are:
What are the most popular zip codes in Memorial Square, Springfield, MA?
The most popular zip codes in Memorial Square, Springfield, MA include 01107, 01104, 01089, 01105 and 01013.
What are the most popular neighborhoods near Memorial Square, Springfield, MA?
The most popular neighborhoods near Memorial Square, Springfield, MA are Liberty Heights, Brightwood, Metro Center, Chicopee Center and McKnight.

Home Trends in Memorial Square, MA

Housing Trends

Median Sale Price
$815,000
Median Single Family Sale Price
$415,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
0
Last 12 months Home Sales
11
Months of Supply
0.00
Median List Price
$879,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
229%
How to Buy a Home How to Finance a Home How to Sell a Home