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Springfield, TN Housing Market

$333,486

0.5% 1-yr

The average Springfield, TN home value is $333,486, down 0.5% over the past year and goes to pending in around 23 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Springfield Key Takeaways

Typical Home Values: $333,486

1-year Value Change: -0.5%

(Data through May 31, 2025)

Springfield Housing Market Overview

--1-year Market Forecast
115For sale inventory(May 31, 2025)
41New listings(May 31, 2025)
--Median sale to list ratio
$323,715Median sale price(April 30, 2025)
$421,333Median list price(May 31, 2025)
--Percent of sales over list price
--Percent of sales under list price
23Median days to pending(May 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
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Springfield Rental Market Trends

$1,632Average rent in Springfield(May 31, 2025)
$2,049National average rent(May 31, 2025)
1.5%Month-over-month change(May 31, 2025)
1.1%Year-over-year change(May 31, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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