Is Springfield, WV 26763 a buyer’s or seller’s market?

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

Springfield is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list97%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$186▼ −3.8% vs. last year

The Springfield housing market right now

In the three months ending August 31, 2026, 33% of homes in Springfield, WV 26763 sold above their list price, the typical home went under contract in 56 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (70 days then) and the median sale price fell 54% to $115,950. Overall, Springfield is more competitive than a year ago, so tougher for buyers.

Within Hampshire County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 86%.

Nearby, buyers who want less competition could look at Yellow Spring 26865 (0% sold over asking) or Purgitsville 26852 (0% sold over asking), while Bloomery 26817 (100% sold over asking) and Rio 26755 (40% sold over asking) are even more competitive.

Nearby markets

Augusta 26704Seller’s market $194 /sq ftBloomery 26817Buyer’s market $224 /sq ftCapon Bridge 26711Balanced $218 /sq ftCapon Springs 26823 — /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 buyer’s market: there were 6.4 months of supply in Springfield, WV 26763 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 56 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 97.0% of the list price.

What are property taxes in Springfield?

About 0.38% of a home’s value a year in Hampshire County, or roughly $1,520 on a $400,000 home.

What is the median home price in Springfield?

The median sale price was $115,950 in the three months ending August 31, 2026, about $186 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