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Featured local agent — Springfield, NJ
Sarah Mitchell
Compass Real Estate · Springfield, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$667,500median sale price
How is the Springfield, NJ housing market right now?
The median home sale price in Springfield, NJ is $667,500, up 4.6% year-over-year. Homes sell in an average of 14 days with 22 active listings. The market is currently a strong seller's 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, NJ is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
14
Fast-moving
Active listings
22
1.6 months supply
Sale-to-list
102.7%
Above asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $667,500 |
| Median list price | $675,000 |
| Year-over-year price change | +4.6% |
| Average days on market | 14 days |
| Active inventory | 22 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 102.7% |
| Median price per sq ft | $407/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 18 |
| Listings with a price cut | 18.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $645,500 | $317/sq ft | 2 | 25 days |
| Townhouse | $450,000 | $244/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a strong seller's market with a median sale price of $667,500. Prices have risen 4.6% compared to last year, with homes spending an average of 14 days on market, indicating 1.6 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Springfield
There are currently 22 homes listed for sale in Springfield, New Jersey. The median listing price is $675K.
Active listings
22
Homes on market
Median list price
$675K
Avg. days on market
14
Days until sale
New this week
18
Newly listed
Who lives in Springfield?
Population
1,338
Median income
$177,045/yr
Median age
42 years
Owner-occupied
79.1%
College grads
66.3%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$726,418
Zillow rent index
$2,694/mo
Price-to-rent ratio
22.5x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 1K residents with a median age of 42 years.The median household income is $177,045, which reflects a relatively affluent area with strong earning potential. 66.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26 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?
5 schools tracked · 2,196 students
The largest public schools serving Springfield, NJ 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.
Jonathan Dayton High School
Grades 9-12 · 653 students
Edward V. Walton Primary School
Grades PK-2 · 541 students
Florence M. Gaudineer Middle School
Grades 6-8 · 494 students
Thelma L. Sandmeier Elementary School
Grades 3-5 · 275 students
James Caldwell Elementary School
Grades 3-5 · 233 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, NJ?
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 22.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.6% year-over-year, reflecting ongoing demand and value growth.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 $667,500, up 4.6% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 14 days on market before going under contract.
What is the median income in Springfield?
The median household income is $177,045 per year.
Is Springfield a buyer's or seller's market?
With 1.6 months of supply, Springfield is currently a strong seller's market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $726,418, 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, NJ is $645,500 (about $317 per square foot).
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