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  • Springfield Market Report

    $732,187

    AVERAGE PRICE OF 140 HOMES

    $527,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $1,748,059

    AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

    $1,197,450

    AVERAGE PRICE OF 2 NEWLY BUILT HOMES

    $665,600

    AVERAGE PRICE OF 4 REDUCED PRICE HOMES

    Average Home

    Average Price $732,187
    Avg Bedrooms 3.39 beds
    Avg Bathrooms 2.92 baths

    Average Price by Bedrooms

    1 bedroom $265,000
    2 bedrooms $441,753
    3 bedrooms $581,906
    4 bedrooms $732,179
    5 bedrooms $831,556
    Springfield Home Price Trends
      8/2023 7/2023 6/2023 5/2023 4/2023
    Total Listings 131 135 153 168 169
    Average Price $775,530 $764,329 $725,061 $716,895 $726,564
    Avg Price Change +1.47% +5.42% +1.14% -1.35% +2.07%
    Median Price $708,567 $688,321 $684,892 $677,839 $669,948
    Med Price Change +2.94% +0.50% +1.04% +1.18% +2.65%
    Avg Bedrooms 3.59 beds 3.54 beds 3.48 beds 3.55 beds 3.63 beds
    Avg Bathrooms 2.99 baths 3.06 baths 3 baths 3.05 baths 3.17 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Annandale 9 $670,400 12 days
    John R. Lewis 13 $693,906 15 days
    Lake Braddock 11 $765,717 27 days
    Lee 8 $669,973 31 days
    West Springfield 34 $657,077 31 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 140 $732,187 39 days
    Distressed Homes 1 $527,000 21 days
    Multi-Million Dollar Homes 13 $1,748,059 144 days
    Newly Built Homes 2 $1,197,450 183 days
    Reduced Price Homes 4 $665,600 28 days