Betty's Weekly Market Report
Springfield, VA
Single-Family Homes
Betty Fernandez, REALTOR®/Broker-Associate | (805) 766-1495 | Betty@Betty4RealEstate.com
Springfield, VA
Tue Aug 18 2026
This week the median list price for Springfield, VA is $862,500 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has increased to 60.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $862,500 | |
| Median Price of New Listings | $882,450 | |
| Per Square Foot | $354 | |
| Average Days on Market | 33 | |
| Median Days on Market | 21 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 60 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
Prices are climbing and we’re nearing the market’s all time high so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,199,999 | 3,668 | 0.25 - 0.5 acre | 5 | 4.5 | 46 | 2 | 2 | 14 |
| $899,995 | 2,472 | 0.25 - 0.5 acre | 4 | 3 | 51 | 4 | 2 | 21 |
| $820,000 | 2,314 | 0.25 - 0.5 acre | 4 | 3 | 61 | 3 | 0 | 21 |
| $694,900 | 1,681 | 0.25 - 0.5 acre | 3 | 2.5 | 69 | 1 | 5 | 21 |