The Springfield housing market is very competitive. The median sale price of a home in Springfield was $195K last month, up 50.8% since last year. The median sale price per square foot in Springfield is $85, down 43.9% since last year.
What is the housing market like in Springfield today?
In October 2024, Springfield home prices were up 50.8% compared to last year, selling for a median price of $195K. On average, homes in Springfield sell after 14 days on the market compared to 27 days last year. There were 2 homes sold in October this year, down from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$194,500
+50.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Springfield, MI
$194,500
+50.8%
United States
To compare other locations to the Springfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
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How hot is the Springfield housing market?
Springfield is very competitive. Homes sell in 24.5 days.
0
100
83
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 25 days.
Hot homes
can sell for about 3% above list price and go pending in around 9 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
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Springfield has a minor risk of flooding. 207 properties in Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Springfield. Flood risk is increasing slower than the national average.
8% of properties are at risk of wildfire over the next 30 years
Fire Factor
Springfield has a moderate risk of wildfire. There are 155 properties in Springfield that have some risk of being affected by wildfire over the next 30 years. This represents 8% of all properties in Springfield.
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.