Springfield, VA Foreclosures
Current Market Conditions in in Springfield, VA As of February 2026?
In the last month, Springfield's real estate market has seen a slight uptick in home sales, as buyers become increasingly eager to invest in suburban properties. The average days on market remain low, indicating that properties are selling quickly when priced appropriately. Home prices have seen a modest increase, with some areas reporting an average increase of 2-4%. Overall, the market seems to be stabilizing as buyers adjust to fluctuating interest rates and economic conditions, but demand remains high.
How much do homes sell for in Springfield, VA?
The average home price is currently $764,134.
What’s the average rental cost in Springfield, VA?
The average rental price in Springfield is $2,790.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $212,015,112.
What is currently the cheapest priced home in Springfield, VA?
The cheapest home for sale in Springfield is priced at $14,709.
Living in Springfield, VA
Springfield, VA is a vibrant suburban community located near Washington D.C. It offers a diverse range of amenities, an active lifestyle with plenty of parks and recreation, and excellent educational institutions. The city's strong public transportation system makes it easy to commute to the nation's capital.
Buyer vs Seller Market in Springfield, VA
The real estate market in Springfield has remained robust in recent months, with home values experiencing steady appreciation. Inventory remains tight, particularly for single-family homes and townhouses, indicating a strong demand. As more people seek suburban living options, Springfield's market shows no signs of slowing down any time soon.
Recently, there has been a noticeable increase in demand for homes with larger spaces and outdoor areas, driven by changing lifestyle preferences. In contrast, the rental market is witnessing slightly slower growth, allowing for competitive pricing for potential renters.
Home Value Estimator For Springfield, VA
There are currently 32,968 real estate properties
in Springfield, VA,
with a median automated valuation model (AVM) price
of $688,504.00. 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, VA, 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, VA,
is $764,134.00, with the most expensive house
in Springfield, VA, topping out
at $212,015,112.00 and the cheapest home
in Springfield, VA,
clocking in at $14,709.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Springfield, VA!
Rent Prices
In Springfield, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Springfield, VA, is on
a rollercoaster ride. The
average rent price in Springfield, VA,
is $2,790.00. Indeed, when looking to rent in
Springfield, VA, you can expect to pay as little
as $1,340.00 or as much
as $7,100.00,
with the average rent median estimated to
be $2,730.00. The good news is that finding
an affordable and desirable property to rent in Springfield, VA
-- 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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