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Featured local agent — Springfield, GA
Sarah Mitchell
Compass Real Estate · Springfield, GA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield, GA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$277,500median sale price
How is the Springfield, GA housing market right now?
The median home sale price in Springfield, GA is $277,500, down 16.7% year-over-year. Homes sell in an average of 86 days with 13 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Springfield a buyer's or seller's market?
Springfield, GA is currently a balanced market, based on 3.3 months of supply and homes selling in about 86 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
86
Average pace
Active listings
13
3.3 months supply
Sale-to-list
98.0%
Below asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $277,500 |
| Median list price | $239,900 |
| Year-over-year price change | -16.7% |
| Average days on market | 86 days |
| Active inventory | 13 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 3 |
| Listings with a price cut | 30.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, GA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $277,500 | $188/sq ft | 4 | 86 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a balanced market with a median sale price of $277,500. Prices have fallen 16.7% compared to last year, with homes spending an average of 86 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Springfield
There are currently 13 homes listed for sale in Springfield, Georgia. The median listing price is $240K.
Active listings
13
Homes on market
Median list price
$240K
Avg. days on market
86
Days until sale
New this week
3
Newly listed
Who lives in Springfield?
Population
2,874
Median income
$56,389/yr
Median age
34.2 years
Owner-occupied
68.0%
College grads
21.9%
Avg commute
26.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$306,937
Zillow rent index
$1,978/mo
Price-to-rent ratio
12.9x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 3K residents with a median age of 34.2 years.The median household income is $56,389, which represents a working-class community with solid middle-income opportunities. 21.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Springfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Springfield?
2 schools tracked · 2,983 students
The largest public schools serving Springfield, GA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Effingham County High School
Grades 9-12 · 2,164 students
Springfield Elementary School
Grades PK-5 · 819 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Springfield, GA?
Want a head-to-head view? Compare Springfield side-by-side with any other U.S. city using our market-comparison tool.
Is Springfield a good real estate investment market?
For investors evaluating Springfield, the price-to-rent ratio of 12.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 16.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Springfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Springfield's median home price.
Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $277,500, down 16.7% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 86 days on market before going under contract.
What is the median income in Springfield?
The median household income is $56,389 per year.
Is Springfield a buyer's or seller's market?
With 3.3 months of supply, Springfield is currently a balanced market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $306,937, representing the typical home value in the area.
How much does a single-family home cost in Springfield?
The median single-family home price in Springfield, GA is $277,500 (about $188 per square foot).
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