Springfield, TN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Springfield, TN is $333,900, up 11.3% year-over-year. Homes sell in an average of 97 days with 81 active listings. The market is currently a buyer's market.
$333,900median sale price
Is Springfield a buyer's or seller's market?
Springfield, TN is currently a buyer's market, based on 5.4 months of supply and homes selling in about 97 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
97
Average pace
Active listings
81
5.4 months supply
Sale-to-list
96.8%
Below asking
Springfield, TN market data
| Metric | Value |
|---|---|
| Median sale price | $333,900 |
| Median list price | $358,445 |
| Year-over-year price change | +11.3% |
| Average days on market | 97 days |
| Active inventory | 81 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 96.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Springfield housing market is currently classified as a buyer's market with a median sale price of $333,900. Prices have risen 11.3% compared to last year, with homes spending an average of 97 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Springfield
There are currently 81 homes listed for sale in Springfield, Tennessee. The median listing price is $358K.
Active listings
81
Homes on market
Median list price
$358K
Avg. days on market
97
Days until sale
New this week
15
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $333,900, up 11.3% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 97 days on market before going under contract.
Is Springfield a buyer's or seller's market?
With 5.4 months of supply, Springfield is currently a buyer's market.
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