The Springfield housing market is most competitive. Homes in Springfield receive 6 offers on average and sell in around 8 days. The median sale price of a home in Springfield was $710K last month, down 0.22% since last year. The median sale price per square foot in Springfield is $358, up 14.9% since last year.
What is the housing market like in Springfield today?
In April 2024, Springfield home prices were down 0.22% compared to last year, selling for a median price of $710K. On average, homes in Springfield sell after 8 days on the market compared to 7 days last year. There were 29 homes sold in April this year, down from 42 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$710,000
-0.22% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Springfield, VA
$710,000
-0.22%
United States
To compare other locations to the Springfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
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How hot is the Springfield housing market?
Springfield is most competitive. Homes sell in 5 days.
0
100
95
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 5 days.
Hot homes
can sell for about 9% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Springfield
Explore recent offers and recently sold homes in Springfield
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Springfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Springfield.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Springfield has a moderate risk of flooding. 748 properties in Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Springfield. Flood risk is increasing slower than the national average.
33% of properties are at risk of wildfire over the next 30 years
Fire Factor
Springfield has a moderate risk of wildfire. There are 2,646 properties in Springfield that have some risk of being affected by wildfire over the next 30 years. This represents 33% of all properties in Springfield.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Springfield has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Springfield is most at risk from hurricanes. 8,000 properties in Springfield have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 65 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.