Housing in Springfield, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$135,000
Median List Price
$176,000
Price Per Sq Ft
$147
Days on Market
53
Active Inventory
10
Months of Supply
2.0
Seller's market
Zillow Home Value
$402,881
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
14.3%
Sale-to-List Ratio
94.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
4
Pending Sales
7
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$147
Median List $/SF
$109
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Springfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$105,300
Median Rent
$851
Total Housing Units
2,413
Vacancy Rate
7.7%
Owner Occupied
56.5%
Renter Occupied
43.5%
Median Property Tax
$1,644
per year
Monthly Cost (w/ Mortgage)
$775
Housing Types
The current median sale price in Springfield, MI is $135,000 according to Redfin data. Homes spend a median of 53 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $147. The median rent is $851 per month (Census ACS). About 56.5% of housing units are owner-occupied. The median year homes were built is 1969. There are 2,413 total housing units.