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Featured local agent — Springfield, SC
Sarah Mitchell
Compass Real Estate · Springfield, SC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Springfield, SC Housing Market
The typical home in Springfield, SC is worth $98,504, fell 4.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $180,000, -11.3% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 84 days, Springfield is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $98,504 home is about $526/mo in principal and interest.
Key numbers for Springfield, SC
Typical home value
$98,504
-4.4% in 12 months
Zillow, August 2026
Median sale price
$180,000
-11.3% year over year
Redfin, through January 2026
Days on market
84
Slow-moving
Redfin, through January 2026
Active listings
2
1.0 months of supply
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$44,583
Home costs 2.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.2%
Selling above asking
Redfin, through January 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Springfield a buyer's or seller's market?
Springfield, SC is a seller's market, based on 1.0 months of supply and homes selling in about 84 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Springfield housing market data show?
Every row below is Redfin's final published month for Springfield, SC. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $180,000 |
| Median list price | $175,000 |
| Year-over-year price change | -11.3% |
| Median price per sq ft | $159/sq ft |
| Median days on market | 84 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 102.2% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Springfield is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Springfield is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Springfield home prices moved?
Across the 11 months we hold for Springfield, SC, the median sale price rose 44.1%, from $124,950 in September 2021 to $180,000. The live Zillow value series has fell 4.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 102.2%. Watch those two together — they move before the median does.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Springfield?
Priced off the typical home value of $98,504 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $19,701 | $78,804 | $526/mo |
| 5% | $4,925 | $93,579 | $624/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $526, that implies roughly $22,537 a year before you add taxes and insurance. The median household in Springfield earns $44,583, about $22,046 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Springfield in the next 12 months?
Tell us your timeline. We send the Springfield market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Springfield?
Zillow does not publish a rent index (ZORI) for Springfield, SC, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Springfield?
Active listings in Springfield, SC went from 1 in September 2021 to 2 in January 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2021 | 1 | 1 |
| January 2022 | 1 | 1 |
| November 2022 | 1 | not published |
| June 2023 | 1 | not published |
| January 2025 | 1 | not published |
| July 2025 | 2 | not published |
| November 2025 | 3 | 1 |
| January 2026 | 2 | 1 |
Redfin, through January 2026
How does Springfield compare to South Carolina and the U.S.?
Springfield homes sell for $180,000 — 54% below the South Carolina median of $394,000. Against the national median of $410,700, Springfield runs 56% lower. Year-over-year, Springfield moved -11.3% against South Carolina's +1.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Springfield, SC | $180,000 | -11.3% | 84 days |
| South Carolina statewide | $394,000 | +1.2% | 72 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Springfield
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $99 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $98,504 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Springfield listing goes under contract in 84 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.2% of asking. Price at the number you want and let competition do the rest.
- In the last published month Springfield added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -4.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Springfield varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Springfield
There are currently 2 homes listed for sale in Springfield, South Carolina. The median listing price is $175K.
Active listings
2
Homes on market
Median list price
$175K
Avg. days on market
84
Days until sale
New this week
1
Newly listed
How much do homes cost in Springfield by property type?
How the Springfield, SC market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,000 | $159/sq ft | 2 | 84 days |
Who lives in Springfield?
American Community Survey estimates for Springfield. U.S. Census ACS, 2023
Population
434
Households
158
Median income
$44,583/yr
Median age
36.5 years
Owner-occupied
81.6%
Median home value
$78,200
Median gross rent
$814/mo
Mean commute
39.3 min
81.6% of occupied homes in Springfield are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $78,200 against Zillow's $98,504 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Springfield, SC?
Ordered by distance from Springfield, not by size. Compare Springfield side by side with any of them.
Springfield housing market FAQ
Is Springfield a buyer's or seller's market?
Springfield, SC is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 84 days, and sellers getting 102.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Springfield?
The typical home in Springfield, SC is worth $98,504 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $180,000, about $159 per square foot.
Is Springfield cheaper than the rest of South Carolina?
Springfield's median sale price of $180,000 is 54% lower than the South Carolina statewide median of $394,000, and 56% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Springfield?
Homes in Springfield, SC spent a median of 84 days on market before going under contract, versus 72 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Springfield?
At the current 30-year fixed rate of 7.03%, 20% down on a $98,504 home is about $526 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $22,537 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $44,583.
Are home prices rising in Springfield?
The typical home value in Springfield, SC fell 4.4% over the last 12 months, from $103,059 to $98,504 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Springfield?
Springfield ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Springfield?
That depends on your timeline, not on a headline. What the data says today: Springfield, SC is a seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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