Springfield, OR Foreclosures
Current Market Conditions in in Springfield, OR As of March 2026?
Over the past month, Springfield's real estate market has seen a stable progression in home prices, with an average increase of 1.5% noted in median listing prices compared to the previous month. Buyer interest remains strong, leading to quicker sales, as homes are typically spending fewer days on the market. The competitive environment is, however, becoming more challenging for buyers as inventory levels show no significant increase, maintaining a seller-favorable market.
How much do homes sell for in Springfield, OR?
The average home price is currently $452,594.
In Springfield, OR, how many homes are available?
There are currently 69 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 $90,759,280.
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 offers a dynamic blend of urban and outdoor living. Known for its beautiful parks and proximity to the McKenzie River, this city attracts families and individuals alike. Springfield's welcoming community, excellent public services, and vibrant downtown area make it an ideal place to live.
Buyer vs Seller Market in Springfield, OR
The real estate market in Springfield, OR, remains robust with a strong demand for homes, particularly among first-time buyers and families looking for more affordable options. Recent trends indicate a slight increase in home values, while inventory remains low, which keeps competition high among buyers.
Springfield is witnessing a growth trend in both new construction and renovations of older homes, showcasing a diverse range of properties on the market. With affordable living costs compared to neighboring cities like Eugene, Springfield is positioned well for long-term growth, helping buyers find homes that suit their lifestyles.
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 $395,052.00. 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 $452,594.00, with the most expensive house
in Springfield, OR, topping out
at $90,759,280.00 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.
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