Housing in Springfield, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$594,900
Median List Price
$674,900
Price Per Sq Ft
$331
Days on Market
60
Active Inventory
15
Months of Supply
1.3
Seller's market
Zillow Home Value
$690,613
ZHVI — January 2026
Zillow Rent Index
$2,788
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
41.7%
Sale-to-List Ratio
98.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
9
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$331
Median List $/SF
$292
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 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
$622,200
Median Rent
$2,643
Total Housing Units
10,816
Vacancy Rate
3.7%
Owner Occupied
66.6%
Renter Occupied
33.4%
Median Property Tax
$6,204
per year
Monthly Cost (w/ Mortgage)
$2,469
Housing Types
The current median sale price in Springfield, VA is $594,900 according to Redfin data. Homes spend a median of 60 days on the market. 16.7% of homes sold above asking price. The market has 1.3 months of supply. The median price per square foot is $331. Zillow's observed rent index is $2,788/month. About 66.6% of housing units are owner-occupied. The median year homes were built is 1974. There are 10,816 total housing units.