Brokers — List your Company Here
Featured local agent — Springfield, VA
Sarah Mitchell
Compass Real Estate · Springfield, VA
“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, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$700,000median sale price
How is the Springfield, VA housing market right now?
The median home sale price in Springfield, VA is $700,000, up 2.6% year-over-year. Homes sell in an average of 26 days with 36 active listings. The market is currently a strong seller'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, VA is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
26
Average pace
Active listings
36
1.8 months supply
Sale-to-list
101.8%
Above asking
What does the Springfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $700,000 |
| Median list price | $699,000 |
| Year-over-year price change | +2.6% |
| Average days on market | 26 days |
| Active inventory | 36 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $333/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 30 |
| Listings with a price cut | 27.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Springfield by property type?
How the Springfield, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $733,200 | $348/sq ft | 16 | 27 days |
| Condo / Co-op | $299,450 | $353/sq ft | 2 | 74 days |
| Townhouse | $685,000 | $314/sq ft | 4 | 14 days |
Source: Redfin · Updated monthly
The Springfield housing market is currently classified as a strong seller's market with a median sale price of $700,000. Prices have risen 2.6% compared to last year, with homes spending an average of 26 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.8x provides context for how home values compare to local earning capacity.
Homes for sale in Springfield
There are currently 36 homes listed for sale in Springfield, Virginia. The median listing price is $699K.
Active listings
36
Homes on market
Median list price
$699K
Avg. days on market
26
Days until sale
New this week
30
Newly listed
Who lives in Springfield?
Population
30,894
Median income
$123,691/yr
Median age
41.3 years
Owner-occupied
66.6%
College grads
45.0%
Avg commute
29.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Springfield?
Zillow home value
$717,080
Zillow rent index
$3,142/mo
Price-to-rent ratio
19.0x
Price-to-income
5.8x
Source: Zillow Research
What is it like to live in Springfield?
Springfield is a community of approximately 31K residents with a median age of 41.3 years.The median household income is $123,691, which reflects a relatively affluent area with strong earning potential. 45.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.4 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?
25 schools tracked · 17,690 students
The largest public schools serving Springfield, VA 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.
West Springfield High
Grades 9-12 · 2,748 students
Lewis High
Grades 9-12 · 1,673 students
Irving Middle
Grades 7-8 · 1,215 students
Orange Hunt Elementary
Grades PK-6 · 900 students
Sangster Elementary
Grades PK-6 · 899 students
Keene Mill Elementary
Grades PK-6 · 801 students
Hunt Valley Elementary
Grades PK-6 · 747 students
Cardinal Forest Elementary
Grades PK-6 · 700 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, VA?
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 19.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.6% 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 $700,000, up 2.6% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 26 days on market before going under contract.
What is the median income in Springfield?
The median household income is $123,691 per year.
Is Springfield a buyer's or seller's market?
With 1.8 months of supply, Springfield is currently a strong seller's market.
What is the Zillow home value estimate for Springfield?
The Zillow Home Value Index (ZHVI) for Springfield is $717,080, 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, VA is $299,450, compared to $733,200 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, VA is $733,200 (about $348 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Springfield, VA
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.