Altos Market Data for Realtors

Springfield, VA

Single-Family Homes

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Springfield, VA

Sun Feb 23 2020
This week the median list price for Springfield, VA is $752,450 with the market action index hovering around 71. This is an increase over last month's market action index of 62. Inventory has held steady at or around 18. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Springfield, VA

Sun Feb 23 2020
This week the median list price for Springfield, VA is $752,450 with the market action index hovering around 71. This is an increase over last month's market action index of 62. Inventory has held steady at or around 18. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $752,450
Per Square Foot $231
Days on Market 60
Price Decreased 44%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent $2,500
Most Expensive $1,550,000
Least Expensive $450,000
Market Action 71
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.

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
$1,136,950 6,375 0.5 - 1 acre 5 5 10 1 1 103
$874,450 5,335 0.25 - 0.5 acre 5 5 16 0 2 99
$629,900 2,551 0.25 - 0.5 acre 5 3 52 4 4 29
$549,990 1,644 0.25 - 0.5 acre 4 2 63 2 5 22