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Featured local agent — Springfield, OR
Sarah Mitchell
Compass Real Estate · Springfield, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Springfield, OR housing market right now?
The median home sale price in Springfield, OR is $450,000, up 6.0% year-over-year. Homes sell in an average of 15 days with 97 active listings. The market is currently a 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, OR is currently a seller's market, based on 1.8 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
53
Last 12 weeks
Days on market
15
Fast-moving
Active listings
97
1.8 months supply
Sale-to-list
99.6%
Below asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $449,700 |
| Year-over-year price change | +6.0% |
| Average days on market | 15 days |
| Active inventory | 97 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $297/sq ft |
| Homes sold (latest month) | 53 |
| New listings (latest month) | 64 |
| Listings with a price cut | 42.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $442,271 | $317/sq ft | 47 | 17 days |
| Condo / Co-op | $225,000 | $228/sq ft | 1 | 256 days |
| Townhouse | $243,000 | $262/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a seller's market with a median sale price of $450,000. Prices have risen 6.0% compared to last year, with homes spending an average of 15 days on market, indicating 1.8 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 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Springfield
There are currently 97 homes listed for sale in Springfield, Oregon. The median listing price is $450K.
Active listings
97
Homes on market
Median list price
$450K
Avg. days on market
15
Days until sale
New this week
64
Newly listed
Who lives in Springfield?
Population
61,642
Median income
$67,211/yr
Median age
37.2 years
Owner-occupied
55.0%
College grads
21.6%
Avg commute
19.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$423,728
Zillow rent index
$1,693/mo
Price-to-rent ratio
20.9x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 62K residents with a median age of 37.2 years.The median household income is $67,211, which represents a working-class community with solid middle-income opportunities. 21.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 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?
21 schools tracked · 9,142 students
The largest public schools serving Springfield, OR 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.
Springfield High School
Grades 9-12 · 1,300 students
Thurston High School
Grades 9-12 · 1,236 students
Hamlin Middle School
Grades 6-8 · 594 students
Thurston Middle School
Grades 6-8 · 535 students
Riverbend Elementary School
Grades K-5 · 475 students
Agnes Stewart Middle School
Grades 6-8 · 447 students
Briggs Middle School
Grades 6-8 · 389 students
Thurston Elementary School
Grades K-5 · 381 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, OR?
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 20.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.0% 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 $450,000, up 6.0% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 15 days on market before going under contract.
What is the median income in Springfield?
The median household income is $67,211 per year.
Is Springfield a buyer's or seller's market?
With 1.8 months of supply, Springfield is currently a seller's market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $423,728, representing the typical home value in the area.
What is the median condo price in Springfield?
The median condo/co-op sale price in Springfield, OR is $225,000, compared to $442,271 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Springfield?
The median single-family home price in Springfield, OR is $442,271 (about $317 per square foot).
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