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Foreclosure Homes in Springfield, OR 97478

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Springfield, OR Foreclosures

Current Market Conditions in in Springfield, OR As of February 2026?
In the past month, Springfield's real estate market has seen a slight increase in home prices, primarily driven by heightened interest from first-time homebuyers and young families. The inventory has remained relatively stable, but with a reduced number of homes on the market compared to the previous year, competitive bidding on desirable listings has intensified. This trend suggests that the demand may continue to grow as more people discover the advantages of living in Springfield.
How much do homes sell for in Springfield, OR?
The average home price is currently $452,289.
In Springfield, OR, how many homes are available?
There are currently 65 active home listings available in Springfield.
What’s the average rental cost in Springfield, OR?
The average rental price in Springfield is $1,225.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $90,701,208.
What is currently the cheapest priced home in Springfield, OR?
The cheapest home for sale in Springfield is priced at $14,357.

Living in Springfield, OR

Springfield, Oregon is a charming town known for its rich cultural scene and beautiful natural surroundings. With a plethora of outdoor activities, highly-rated schools, and a strong sense of community, it's an ideal place for families and individuals alike. The city also boasts vibrant local businesses, making it a lively destination in the Pacific Northwest.

Buyer vs Seller Market in Springfield, OR

The Springfield real estate market is currently experiencing steady growth, with a demand for housing increasing due to the area's appeal for families and outdoor enthusiasts. Homes in Springfield are generally more affordable than in nearby metropolitan areas while still offering good quality of life amenities.

New construction has been on the rise, with several developments underway to accommodate the growing population. Buyers are drawn to Springfield for its attractiveness as a suburban city with access to urban conveniences.

Home Value Estimator For Springfield, OR

There are currently 28,773 real estate properties in Springfield, OR, with a median automated valuation model (AVM) price of $395,823.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Springfield, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Springfield, OR, is $452,289.00, with the most expensive house in Springfield, OR, topping out at $90,701,208.00 and the cheapest home in Springfield, OR, clocking in at $14,357.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, OR!

Rent Prices In Springfield, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, OR, is on a rollercoaster ride. The average rent price in Springfield, OR, is $1,225.00. Indeed, when looking to rent in Springfield, OR, you can expect to pay as little as $500.00 or as much as $3,160.00, with the average rent median estimated to be $1,190.00. The good news is that finding an affordable and desirable property to rent in Springfield, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Springfield, OR 97478 Foreclosures

Market Trend for Springfield, OR

Total Listings Available: 65

Market Values:

Home Prices from $14,357 to $90,701,208

Average Sales Price: $452,289

Rental Values:

Rental from $500 to $3,160

Average Rent Value: $1,225 / month

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