Altos Market Data for Realtors

Springfield, VA

Single-Family Homes

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Springfield, VA

Sat Jul 05 2025
This week the median list price for Springfield, VA is $827,490 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has held steady at or around 64. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Springfield, VA

Sat Jul 05 2025
This week the median list price for Springfield, VA is $827,490 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has held steady at or around 64. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $827,490
Median Price of New Listings $815,000
Per Square Foot $339
Average Days on Market 41
Median Days on Market 35
Price Decreased 42%
Price Increased 0%
Relisted 14%
Inventory 64
Median Rent
Market Action 62
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$984,500 3,697 0.25 - 0.5 acre 5 4 41 4 3 24
$869,439 2,516 0.25 - 0.5 acre 4 3 54 3 1 35
$790,000 2,181 0.25 - 0.5 acre 4 2.5 61 2 0 38
$659,750 1,611 0.25 - 0.5 acre 4 2 67 6 4 35