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Foreclosure Homes in Springfield, TN 37172

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Springfield, TN Foreclosures

How much do homes sell for in Springfield, TN?
The average home price is currently $358,549.
In Springfield, TN, how many homes are available?
There are currently 113 active home listings available in Springfield.
What’s the average rental cost in Springfield, TN?
The average rental price in Springfield is $1,281.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $5,687,545.
What is currently the cheapest priced home in Springfield, TN?
The cheapest home for sale in Springfield is priced at $11,290.

Living in Springfield, TN

Springfield, TN is a welcoming town with a close-knit community vibe and a growing economy, offering access to numerous amenities and outdoor activities. Its proximity to Nashville makes it an attractive location for those looking to balance suburban living with city access. Residents enjoy parks, local festivals, and access to quality education and healthcare services.

Current Market Conditions in Springfield, TN

The real estate market in Springfield is currently experiencing a positive trend, driven by an influx of new residents attracted to the area's affordability and lifestyle. Homes have seen a steady appreciation over the past few years, especially as more buyers are looking to escape the hustle of Nashville. The demand for housing in Springfield has increased, leading to lower inventory levels and competitive bidding in certain segments.

Home Value Estimator For Springfield, TN

There are currently 10,995 real estate properties in Springfield, TN, with a median automated valuation model (AVM) price of $300,450.00. 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, TN, 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, TN, is $358,549.00, with the most expensive house in Springfield, TN, topping out at $5,687,545.00 and the cheapest home in Springfield, TN, clocking in at $11,290.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, TN!

Rent Prices In Springfield, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, TN, is on a rollercoaster ride. The average rent price in Springfield, TN, is $1,281.00. Indeed, when looking to rent in Springfield, TN, you can expect to pay as little as $550.00 or as much as $2,460.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Springfield, TN -- 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, TN 37172 Foreclosures

Market Trend for Springfield, TN

Total Listings Available: 113

Market Values:

Home Prices from $11,290 to $5,687,545

Average Sales Price: $358,549

Rental Values:

Rental from $550 to $2,460

Average Rent Value: $1,281 / month

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