Springfield, PA Housing Market & Real Estate

Strong seller's market-12.5% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Springfield, PA is $440,000, down 12.5% year-over-year. Homes sell in an average of 26 days with 18 active listings. The market is currently a strong seller's market.

$440,000median sale price

Homes sold

15

Last 12 weeks

Days on market

26

Average pace

Active listings

18

1.2 months supply

Sale-to-list

101.4%

Above asking

Springfield, PA market data

Current housing market statistics for Springfield, PA
MetricValue
Median sale price$440,000
Median list price$502,450
Year-over-year price change-12.5%
Average days on market26 days
Active inventory18 listings
Months of supply1.2 months
Sale-to-list price ratio101.4%
Market conditionStrong seller's market

Source: Redfin · Updated weekly

The Springfield housing market is currently classified as a strong seller's market with a median sale price of $440,000. Prices have fallen 12.5% compared to last year, with homes spending an average of 26 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Springfield

There are currently 18 homes listed for sale in Springfield, Pennsylvania. The median listing price is $502K.

Active listings

18

Homes on market

Median list price

$502K

Avg. days on market

26

Days until sale

New this week

18

Newly listed

Price drops:22.2%of listings
Sale-to-list:101.4%

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Frequently asked questions

What is the average home price in Springfield?

The median home sale price in Springfield is $440,000, down 12.5% from last year.

How long do homes stay on market in Springfield?

Homes typically spend 26 days on market before going under contract.

Is Springfield a buyer's or seller's market?

With 1.2 months of supply, Springfield is currently a strong seller's market.

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