Springfield, TN
Housing market overview · Updated weekly
$333,900median sale price
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
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
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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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