Springfield Market Report
$675,939
AVERAGE PRICE OF 270 HOMES$1,414,988
AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES$1,072,140
AVERAGE PRICE OF 5 NEWLY BUILT HOMES$742,150
AVERAGE PRICE OF 6 HOMES WITH A POOL$638,854
AVERAGE PRICE OF 26 REDUCED PRICE HOMESAverage Home
| Average Price | $675,939 |
| Avg Bedrooms | 3.64 beds |
| Avg Bathrooms | 3.27 baths |
Average Price by Bedrooms
| 1 bedroom | $217,000 |
| 2 bedrooms | $419,839 |
| 3 bedrooms | $562,512 |
| 4 bedrooms | $706,095 |
| 5 bedrooms | $828,746 |
Springfield Home Price Trends
| 7/2022 | 6/2022 | 5/2022 | 4/2022 | 3/2022 | |
|---|---|---|---|---|---|
| Total Listings | 262 | n/a | n/a | n/a | 160 |
| Average Price | $674,179 | n/a | n/a | n/a | $634,234 |
| Avg Price Change | n/a | n/a | n/a | n/a | +3.78% |
| Median Price | $625,600 | n/a | n/a | n/a | $630,784 |
| Med Price Change | n/a | n/a | n/a | n/a | +5.62% |
| Avg Bedrooms | 3.56 beds | n/a | n/a | n/a | 3.5 beds |
| Avg Bathrooms | 3.25 baths | n/a | n/a | n/a | 3.08 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Annandale | 16 | $660,718 | 30 days |
| John R. Lewis | 37 | $649,213 | 30 days |
| Lake Braddock | 22 | $735,980 | 27 days |
| Lee | 20 | $606,575 | 24 days |
| West Springfield | 89 | $672,492 | 35 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 270 | $675,939 | 33 days |
| Multi-Million Dollar Homes | 17 | $1,414,988 | 99 days |
| Newly Built Homes | 5 | $1,072,140 | 242 days |
| Homes with a Pool | 6 | $742,150 | 37 days |
| Reduced Price Homes | 26 | $638,854 | 33 days |
