Springfield, MI Housing Market

$418,207

4.2% 1-yr

The average Springfield, MI home value is $418,207, up 4.2% over the past year.

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: $418,207

1-year Value Change: +4.2%

(Data through May 31, 2025)

Springfield Housing Market Overview

--1-year Market Forecast

21For sale inventory(May 31, 2025)

7New listings(May 31, 2025)

--Median sale to list ratio

--Median sale price(April 30, 2025)

$476,450Median list price(May 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(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.

Neighborhoods in Springfield

NameMedian ZHVI
Lake Fenton$388,252
Vinewood$246,230
Northeast Corner$354,197
Central City$263,934
Churchill$267,628
Auburn Heights School$229,183
Auburn Heights Manor$312,702
Circle Drive$75,028
Evergreen Valley Block$94,796

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Springfield Homes for Sale

$449,000

3 bd3 ba1,846 sqft

7442 Village Ct #21

View Springfield listings

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Springfield Rental Market Trends

--Average rent in Springfield

$2,049National average rent(May 31, 2025)

--Month-over-month change

--Year-over-year change

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.