Is Springfield, OR 97478 a buyer’s or seller’s market?

The Springfield housing market right now

In the three months ending August 31, 2026, 38% of homes in Springfield, OR 97478 sold above their list price, the typical home went under contract in 20 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 129 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold faster (30 days then) and the median sale price held steady to $474,795. Overall, Springfield is more competitive than a year ago, so tougher for buyers.

Within Lane County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 90%. On our competition score, Springfield ranks #17 of 170 OR ZIP codes with enough sales (score 74 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.