Is Springfield, VA 22152 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Springfield is a seller’s market. With about 1.6 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score72/ 100

More competitive than 77% of U.S. ZIP codes, and #96 of 358 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.6Under 4 months = seller’s market
Sold above original list32.7%Share of sales, last 3 months
Median sale-to-list99.9%Sold price ÷ list price
Median days on market33Listing to accepted offer
Median price per sq ft$327▼ −3.1% vs. last year

The Springfield housing market right now

In the three months ending August 31, 2026, 33% of homes in Springfield, VA 22152 sold above their list price, the typical home went under contract in 33 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 107 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (31 days then) and the median sale price rose 2% to $724,686. Overall, Springfield is less competitive than a year ago, which gives buyers more room.

Within Fairfax County, homes here sell faster than in 66% of the county’s ZIP codes, and sell less often over asking than in 63%. On our competition score, Springfield ranks #96 of 358 VA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Falls Church 22041 (16% sold over asking) or Mc Lean 22102 (18% sold over asking), while Dunn Loring 22027 (75% sold over asking) and Springfield 22153 (54% sold over asking) are even more competitive.

Nearby markets

Alexandria 22303Seller’s market $386 /sq ftAlexandria 22306Seller’s market $343 /sq ftAlexandria 22307Seller’s market $425 /sq ftAlexandria 22308Seller’s market $420 /sq ft Browse all markets →

Where Springfield is

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Questions about Springfield real estate

Is Springfield a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Springfield, VA 22152 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Springfield?

The typical home went under contract in 33 days in the latest three months.

Do homes in Springfield sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.

What are property taxes in Springfield?

About 1.01% of a home’s value a year in Fairfax County, or roughly $4,040 on a $400,000 home.

What is the median home price in Springfield?

The median sale price was $724,686 in the three months ending August 31, 2026, about $327 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology