The typical home value in
Springfield
is projected to be
$686,250
for the month of
October.
September’s
finalized data reported the typical value of a home in the
city
to be
$680,000—up
1.49%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$715,500
in
Fairfax County
for the most recent reporting period.
That number is expected to float around
$695,660
in
October.
Springfield
had
29
new listings and
33
listings that went under contract in
September,
increasing
the area’s total available inventory to
45—up
2.27%
from the previous month. Inventory is projected to have further
increased
in
October.
Of those
45
active listings,
22.22%
reduced their price in the month of
September.
The median listing price for homes in
Springfield
grew
0.78%
from
August
to
September,
bringing the current median listing price to
$699,890.
Based on projected data for
October,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
September 2025,
the median time for a listed property to go pending was
60
days, compared to
98
days in
September 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
October.
