Springfield, VA

Strong seller's market+1.3% YoY

Housing market overview · Updated weekly

$650,000median sale price

Homes sold

13

Last 12 weeks

Days on market

33

Average pace

Active listings

18

1.4 months supply

Sale-to-list

100.4%

Above asking

The Springfield housing market is currently classified as a strong seller's market with a median sale price of $650,000. Prices have risen 1.3% compared to last year, with homes spending an average of 33 days on market, indicating 1.4 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, Virginia. The median listing price is $723K.

Active listings

18

Homes on market

Median list price

$723K

Avg. days on market

33

Days until sale

New this week

20

Newly listed

Price drops:16.7%of listings
Sale-to-list:100.4%

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Frequently asked questions

What is the average home price in Springfield?

The median home sale price in Springfield is $650,000, up 1.3% from last year.

How long do homes stay on market in Springfield?

Homes typically spend 33 days on market before going under contract.

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

With 1.4 months of supply, Springfield is currently a strong seller's market.

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