Altos Research

Springfield, VA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Springfield, VA

Sat Sep 22 2018
This week the median list price for Springfield, VA is $550,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 122. Click here to stay informed with the Springfield market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Springfield, VA

Sat Sep 22 2018
This week the median list price for Springfield, VA is $550,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 122. Click here to stay informed with the Springfield market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $550,000
Per Square Foot $273
Days on Market 65
Price Decreased 51%
Price Increased 0%
Relisted 9%
Inventory 122
Median House Rent $2,700
Most Expensive $1,299,999
Least Expensive $375,000
Market Action Index
Strong Seller's Market
46

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$839,000 4,500 0.25 - 0.5 acre 5 4 20 2 2 88
$599,949 2,350 0.25 - 0.5 acre 4 3 41 6 8 49
$529,990 1,792 0.25 - 0.5 acre 4 3 54 3 5 65
$445,000 1,404 0.25 - 0.5 acre 3 2 62 3 6 60