Springfield, VA Housing Market
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 $354, up 13.6% since last year.
Springfield Housing Market Trends
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Springfield housing market?
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 6 days.
- Hot homescan sell for about 8% above list price and go pending in around 4 days.
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 8 days.
- Hot homescan sell for about 8% above list price and go pending in around 3 days.
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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 20 days.
- Hot homescan sell for about 6% above list price and go pending in around 5 days.
Springfield Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Springfield from outside metros.
- New York homebuyers searched to move into Springfield more than any other metro followed by Hartford and Atlanta.
- 82% of Springfield homebuyers searched to stay within the Springfield metropolitan area.
- Salisbury was the most popular destination among Springfield homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for Springfield
Recent offers
View houses in Springfield that sold recently
Recently sold homes
- $851,000 Last Sold Price4 beds3 baths1,434 sq ft8818 Bridle Wood Dr, Springfield, VA 22152(571) 386-1075List Price$815,000Sale to List4% over listDays on Market29 days8818 Bridle Wood Dr, Springfield, VA 22152
- $755,000 Last Sold Price4 beds2 baths1,956 sq ft7433 Grace St, Springfield, VA 22150(301) 298-1001List Price$749,000Sale to List1% over listDays on Market29 days7433 Grace St, Springfield, VA 22150
- $1,320,000 Last Sold Price5 beds4.5 baths4,511 sq ft6612 Ridgeway Dr, Springfield, VA 22150(703) 378-8810List Price$1,250,000Sale to List6% over listDays on Market29 days6612 Ridgeway Dr, Springfield, VA 22150
- $209,500 Last Sold Price1 bed1 bath673 sq ft5820 Royal Ridge Dr Unit R, Springfield, VA 22152(703) 564-4000List Price$199,999Sale to List5% over listDays on Market22 days5820 Royal Ridge Dr Unit R, Springfield, VA 22152
- $1,250,000 Last Sold Price6 beds5 baths4,156 sq ft7437 Spring Summit Rd, Springfield, VA 22150(703) 971-5555List Price$1,325,000Sale to List6% under listDays on Market56 days7437 Spring Summit Rd, Springfield, VA 22150
- $1,485,000 Last Sold Price6 beds4.5 baths6,245 sq ft9307 Castle Hill Rd, Springfield, VA 22153(703) 964-1290List Price$1,399,000Sale to List6% over listDays on Market21 days9307 Castle Hill Rd, Springfield, VA 22153
- $360,000 Last Sold Price2 beds1 bath961 sq ft5801-D Rexford Dr #802, Springfield, VA 22152(703) 636-7300List Price$345,000Sale to List4% over listDays on Market14 days5801-D Rexford Dr #802, Springfield, VA 22152
- $620,000 Last Sold Price3 beds3.5 baths1,640 sq ft6608 Westbury Oaks Ct, Springfield, VA 22152(703) 378-8810List Price$549,000Sale to List13% over listDays on Market29 days6608 Westbury Oaks Ct, Springfield, VA 22152
See all recently sold homes in Springfield.
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Schools in Springfield
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Springfield Estates Elementary School Public • PreK-6 | 652 Students | 8 reviews |
6/10 Island Creek Elementary School Public • PreK-6 | 712 Students | 16 reviews |
5/10 Lane Elementary School Public • PreK-6 | 721 Students | 66 reviews |
5/10 Garfield Elementary School Public • PreK-6 | 339 Students | 3 reviews |
5/10 Bren Mar Park Elementary School Public • PreK-5 | 481 Students | 13 reviews |
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.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Springfield
Walk Score®
Transit Score®
Bike Score®
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