Altos Market Data for Realtors

Springfield, VA

Single-Family Homes

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Springfield, VA

Fri Jul 30 2021
This week the median list price for Springfield, VA is $667,900 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has decreased to 51. 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

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

Fri Jul 30 2021
This week the median list price for Springfield, VA is $667,900 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has decreased to 51. 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

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 $667,900
Median Price of New Listings $685,000
Per Square Foot $312
Average Days on Market 20
Median Days on Market 7
Price Decreased 33%
Price Increased 0%
Relisted 4%
Inventory 51
Median Rent $2,900
Market Action 80
Strong Seller's Market

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
$749,945 2,293 0.25 - 0.5 acre 4 3 42 5 7 7
$689,000 2,198 0.25 - 0.5 acre 4 2 56 5 5 7
$649,000 2,296 0.25 - 0.5 acre 4 3 51 3 11 7
$569,900 1,511 0.25 - 0.5 acre 3 2 62 4 6 14