Is Springfield, GA 31329 a buyer’s or seller’s market?
Springfield is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 37% of U.S. ZIP codes, and #102 of 371 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
The Springfield housing market right now
In the three months ending August 31, 2026, 18% of homes in Springfield, GA 31329 sold above their list price, the typical home went under contract in 70 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 40 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (65 days then) and the median sale price fell 2% to $323,760. Overall, Springfield is about as competitive as it was a year ago.
Within Effingham County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Springfield ranks #102 of 371 GA ZIP codes with enough sales (score 38 out of 100).
Nearby, buyers who want less competition could look at Meldrim 31318 (0% sold over asking) or Clyo 31303 (0% sold over asking).
Run the numbers for 31329
Nearby markets
Clyo 31303Buyer’s market $134 /sq ftGuyton 31312Balanced $172 /sq ftMeldrim 31318 $140 /sq ftRincon 31326Balanced $184 /sq ft Browse all markets →Towns like Springfield nearby
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Questions about Springfield real estate
Is Springfield a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Springfield, GA 31329 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 70 days in the latest three months.
Do homes in Springfield sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Springfield?
About 0.90% of a home’s value a year in Effingham County, or roughly $3,600 on a $400,000 home.
What is the median home price in Springfield?
The median sale price was $323,760 in the three months ending August 31, 2026, about $199 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