Altos Market Data for Realtors

Springfield, VA

Single-Family Homes

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Springfield, VA

Wed Oct 23 2019
This week the median list price for Springfield, VA is $622,450 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has held steady at or around 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Springfield, VA

Wed Oct 23 2019
This week the median list price for Springfield, VA is $622,450 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has held steady at or around 70. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $622,450
Per Square Foot $231
Days on Market 59
Price Decreased 47%
Price Increased 1%
Relisted 17%
Inventory 70
Median House Rent $2,600
Most Expensive $1,800,000
Least Expensive $420,000
Market Action Index
Strong Seller's Market
57

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
$937,500 5,342 0.25 - 0.5 acre 5 4 16 2 1 72
$699,000 3,050 0.25 - 0.5 acre 5 3 41 2 2 49
$580,000 2,262 0.25 - 0.5 acre 4 2 53 4 7 68
$517,450 1,630 0.25 - 0.5 acre 4 2 60 2 5 46