There were a total of 1,172 sales of single family residential properties in the Springfield market over the past 12 months with a sold price range of $189,000 - $1,575,000 and an average sold price of $427,556.  This is an increase from an average sold price of $397,639 year-over-year.  The most recent 6 month period shows an average sold price of $445,232. 

The average sold price over the past 90 days was $460,335 and the median sold price was $434,950.  The days on market has ranged 0-923 days with a median DOM of 7 days.  The median sold price as a percentage of the median original list price has been 100% for this period.   

There are currently 100 Active listings with a price range of $279,900 - $1,295,000.  The median list price is $475,000 with a median DOM of 27 days.  The months supply of inventory stands at 1 month based on the most recent 6 month period of sales.    

Condominium sales amounted to 86 units in the past 12 months in the Springfield market with a sold price range of $115,000 - $435,000 and a median sold price of $204,500.  This is an increase from a median sold price of $175,000 year-over-year.   The most recent 90 day period shows a median sold price of $224,000 with a median days-on-market of 5 days.  The median sold price as a percentage of the median list price was 99% 

The Springfield community includes the following zip codes: 22150, 22151, 22152, and 22153.

The following subdivisions within the Springfield VA market area are all included in the Certified Appraisal Group, LLC appraiser service area.

 Afton Glen, Beverly Park, Burgoyne Forest, Cardinal Forest, Charlestown, Danbury Forest, Daventry, Edsall Park, Glenwood Manor, Hunter Village, Keene Mill Manor, Keene Mill Village, Kings Park, Lakewood Hills, Loisdale Estates, Lynbrook, Middle Valley, Monticello Forest, Newington Forest, North Springfield, Orange Hunt Estates, Ravensworth, Rolling Valley, Saratoga,  Shannon Station, South Run Forest, Spring Woods, Springfield, Springfield Estates, Springfield Oaks, Springvale,  Terra Grande, Terra Heights, The Timbers, Towns of Manchester Woods, Towns of Orange Hunt, West Springfield, West Springfield Village, Westview Hills, Whisperwood, Woodstream

 Median Sales price trends for Springfield: