Brokers — List your Company Here
Featured local agent — Springfield, TN
Sarah Mitchell
Compass Real Estate · Springfield, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Springfield, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$300,000median sale price
How is the Springfield, TN housing market right now?
The median home sale price in Springfield, TN is $300,000, up 9.5% year-over-year. Homes sell in an average of 61 days with 124 active listings. The market is currently a buyer'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, TN is currently a buyer's market, based on 9.5 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
61
Average pace
Active listings
124
9.5 months supply
Sale-to-list
98.0%
Below asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median list price | $327,250 |
| Year-over-year price change | +9.5% |
| Average days on market | 61 days |
| Active inventory | 124 listings |
| Months of supply | 9.5 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 42 |
| Listings with a price cut | 24.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $317,750 | $190/sq ft | 12 | 58 days |
| Condo / Co-op | $194,500 | $203/sq ft | 1 | 114 days |
| Townhouse | $359,945 | $188/sq ft | 2 | 70 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a buyer's market with a median sale price of $300,000. Prices have risen 9.5% compared to last year, with homes spending an average of 61 days on market, indicating 9.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Homes for sale in Springfield
There are currently 124 homes listed for sale in Springfield, Tennessee. The median listing price is $327K.
Active listings
124
Homes on market
Median list price
$327K
Avg. days on market
61
Days until sale
New this week
42
Newly listed
Who lives in Springfield?
Population
18,985
Median income
$58,741/yr
Median age
34.9 years
Owner-occupied
56.4%
College grads
17.3%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$332,867
Zillow rent index
$1,554/mo
Price-to-rent ratio
17.8x
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 19K residents with a median age of 34.9 years.The median household income is $58,741, which represents a working-class community with solid middle-income opportunities. 17.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.4%, showing a blend of owner and renter-occupied properties. The average commute time is 27.8 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?
12 schools tracked · 4,780 students
The largest public schools serving Springfield, TN 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 · 1,132 students
Crestview Elementary School
Grades K-5 · 791 students
Coopertown Middle School
Grades 6-8 · 611 students
Innovation Academy of Robertson County
Grades 6-11 · 499 students
Coopertown Elementary
Grades PK-5 · 419 students
Krisle Elementary
Grades PK-5 · 385 students
Westside Elementary
Grades K-2 · 318 students
Cheatham Park Elementary
Grades 3-5 · 295 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, TN?
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 17.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.5% 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 $300,000, up 9.5% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 61 days on market before going under contract.
What is the median income in Springfield?
The median household income is $58,741 per year.
Is Springfield a buyer's or seller's market?
With 9.5 months of supply, Springfield is currently a buyer's market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $332,867, 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, TN is $194,500, compared to $317,750 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, TN is $317,750 (about $190 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Springfield, TN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Springfield market alerts
Weekly updates on prices, inventory, and trends. Free forever.