Altos Market Data for Realtors

Springfield, VA

Single-Family Homes

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Springfield, VA

Tue Mar 19 2024
This week the median list price for Springfield, VA is $745,000 with the market action index hovering around 84. This is an increase over last month's market action index of 79. Inventory has increased to 12. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Springfield, VA

Tue Mar 19 2024
This week the median list price for Springfield, VA is $745,000 with the market action index hovering around 84. This is an increase over last month's market action index of 79. Inventory has increased to 12. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $745,000
Median Price of New Listings $765,000
Per Square Foot $390
Average Days on Market 22
Median Days on Market 0
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Market Action 84
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,400,000 4,810 0.25 - 0.5 acre 7 3.5 22 1 1 49
$799,000 2,016 0.25 - 0.5 acre 4 3.5 57 3 3 0
$685,000 1,468 0.25 - 0.5 acre 3 2.5 60 1 1 7
$649,900 1,154 0.5 - 1 acre 3 1.5 56 2 2 0