Is Springfield, TN 37172 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 3.5 months of supply and 16% 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.
More competitive than 37% of U.S. ZIP codes, and #69 of 299 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, 16% of homes in Springfield, TN 37172 sold above their list price, the typical home went under contract in 63 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 138 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold more slowly (54 days then) and the median sale price rose 2% to $358,235. Overall, Springfield is about as competitive as it was a year ago.
Within Robertson County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Springfield ranks #69 of 299 TN ZIP codes with enough sales (score 39 out of 100).
Nearby, buyers who want less competition could look at Orlinda 37141 (0% sold over asking) or Cedar Hill 37032 (0% sold over asking), while White House 37188 (21% sold over asking) is even more competitive.
Run the numbers for 37172
Nearby markets
Adams 37010Balanced $213 /sq ftCedar Hill 37032Buyer’s market $256 /sq ftCross Plains 37049Buyer’s market $315 /sq ftGreenbrier 37073Balanced $232 /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 seller’s market: there were 3.5 months of supply in Springfield, TN 37172 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 63 days in the latest three months.
Do homes in Springfield sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Springfield?
About 0.47% of a home’s value a year in Robertson County, or roughly $1,880 on a $400,000 home.
What is the median home price in Springfield?
The median sale price was $358,235 in the three months ending August 31, 2026, about $219 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