Housing in Springfield, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$424,750
Median List Price
$410,000
Price Per Sq Ft
$192
Days on Market
87
Active Inventory
8
Months of Supply
4.0
Balanced market
Zillow Home Value
$696,198
ZHVI — January 2026
Zillow Rent Index
$2,570
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
100.9%
Seller's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
5
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$192
Median List $/SF
$258
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 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
$580,900
Median Rent
$2,224
Total Housing Units
492
Vacancy Rate
6.5%
Owner Occupied
79.1%
Renter Occupied
20.9%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$3,521
Housing Types
The current median sale price in Springfield, NJ is $424,750 according to Redfin data. Homes spend a median of 87 days on the market. 50.0% of homes sold above asking price. The market has 4.0 months of supply. The median price per square foot is $192. Zillow's observed rent index is $2,570/month. About 79.1% of housing units are owner-occupied. The median year homes were built is 1954. There are 492 total housing units.