The Springfield housing market is somewhat competitive. The median sale price of a home in Springfield was $125K over the last 3 months, down 13.1% since the same period last year. The median sale price per square foot in Springfield is $124, down 15.6% since last year.
What is the housing market like in Springfield today?
Over the three months ending July 2026, Springfield home prices were down 13.1% compared to the same period last year, selling for a median price of $125K. On average, homes in Springfield sell after 45 days on the market compared to 25 days last year. There were 9 homes sold in July this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$124,937
-13.1% YoY | Jul 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2026
Growth
% YoY
Springfield, MI
$124,937
-13.1%
United States
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How hot is the Springfield housing market?
Springfield is somewhat competitive. Homes sell in 45 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 45 days.
Hot homes
can sell for around list price and go pending in around 11 days.
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.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Springfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Springfield.
Flood Factor - Minor
<1% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Springfield has a minor risk of flooding. 1 properties in Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents <1% of all properties in Springfield. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Springfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Springfield is most at risk from hurricanes. 1,874 properties in Springfield have some risk of being in a severe wind event within the next 30 years.