Is Springfield, OR 97477 a buyer’s or seller’s market?

The Springfield housing market right now

In the three months ending August 31, 2026, 34% of homes in Springfield, OR 97477 sold above their list price, the typical home went under contract in 16 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 37%, homes sold more slowly (12 days then) and the median sale price held steady to $423,817. Overall, Springfield is less competitive than a year ago, which gives buyers more room.

Within Lane County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Springfield ranks #11 of 170 OR ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at Westlake 97493 (0% sold over asking) or Westfir 97492 (0% sold over asking), while Blachly 97412 (100% sold over asking) and Elmira 97437 (50% sold over asking) are even more competitive.