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Springfield Market Report

$551,707

AVERAGE PRICE OF 155 HOMES

$599,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,257,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$1,295,000

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

$536,566

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $551,707
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.77 baths

Average Price by Bedrooms

1 bedroom $209,900
2 bedrooms $349,147
3 bedrooms $509,471
4 bedrooms $630,895
5 bedrooms $640,355
Springfield Home Price Trends
  2/2021 1/2021 12/2020 11/2020 10/2020
Total Listings 142 130 172 221 241
Average Price $568,750 $578,075 $559,763 $554,239 $542,433
Avg Price Change -1.64% +3.27% +1.00% +2.18% +0.75%
Median Price $551,128 $544,742 $526,675 $508,570 $506,582
Med Price Change +1.17% +3.43% +3.56% +0.39% -2.08%
Avg Bedrooms 3.29 beds 3.39 beds 3.34 beds 3.32 beds 3.31 beds
Avg Bathrooms 2.86 baths 2.96 baths 2.97 baths 3.02 baths 2.99 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Annandale 4 $800,000 220 days
John R. Lewis 15 $661,492 51 days
Lake Braddock 6 $599,464 11 days
South County 3 $546,666 3 days
West Springfield 46 $582,758 24 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 155 $551,707 51 days
Distressed Homes 2 $599,450 77 days
Multi-Million Dollar Homes 5 $1,257,000 157 days
Newly Built Homes 2 $1,295,000 191 days
Reduced Price Homes 3 $536,566 12 days