Altos Research

Springfield, VA

Single-Family Homes

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



Springfield, VA

Wed Jan 16 2019
This week the median list price for Springfield, VA is $580,000 with the market action index hovering around 55. This is an increase over last month's market action index of 50. Inventory has held steady at or around 45. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Springfield, VA

Wed Jan 16 2019
This week the median list price for Springfield, VA is $580,000 with the market action index hovering around 55. This is an increase over last month's market action index of 50. Inventory has held steady at or around 45. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $580,000
Per Square Foot $254
Days on Market 91
Price Decreased 36%
Price Increased 7%
Relisted 18%
Inventory 45
Median House Rent $2,625
Most Expensive $995,000
Least Expensive $429,999
Market Action Index
Strong Seller's Market
55

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
$869,000 3,935 0.25 - 0.5 acre 4 3 26 1 1 138
$639,500 2,600 0.25 - 0.5 acre 4 3 48 3 3 69
$549,800 2,306 0.25 - 0.5 acre 4 2 48 3 2 90
$504,950 1,810 0.25 - 0.5 acre 3 2 54 4 3 71