All Home Types
Springfield, TN Housing Market
What is the housing market like in Springfield today?
In December 2024, Springfield home prices were up 20.2% compared to last year, selling for a median price of $345K. On average, homes in Springfield sell after 78 days on the market compared to 39 days last year. There were 21 homes sold in December this year, up from 17 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$344,900
+20.2% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Springfield, TN
$344,900
+20.2%
United States
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Springfield Migration & Relocation Trends
In Oct '24 - Dec '24, 25% of Springfield homebuyers searched to move out of Springfield, while 75% looked to stay within the metropolitan area.
- Across the nation, 1% of homebuyers searched to move into Springfield from outside metros.
- Los Angeles homebuyers searched to move into Springfield more than any other metro followed by Chicago and San Francisco.
Where are people moving to Springfield from?
- 75% of Springfield homebuyers searched to stay within the Springfield metropolitan area.
- Tullahoma was the most popular destination among Springfield homebuyers followed by Destin and Bowling Green.
Where are people from Springfield moving to?
Number of People Moving to Springfield
least
most
People are moving to Springfield from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 2,411 | ||
| 2 | 618 | ||
| 3 | 506 | ||
| 4 | 402 | ||
| 5 | 367 | ||
| 6 | 365 | ||
| 7 | 316 | ||
| 8 | 251 | ||
| 9 | 140 | ||
| 10 | 137 | ||
People are leaving Springfield for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 117 | ||
| 2 | 109 | ||
| 3 | 65 | ||
| 4 | 61 | ||
| 5 | 52 | ||
| 6 | 47 | ||
| 7 | 47 | ||
| 8 | 39 | ||
| 9 | 34 | ||
| 10 | 33 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Springfield.
Provided by First Street Foundation
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