New - 11 hours on Rocket
$5,522 Closing Credit¹
Qin Zhang, Listing Office: Samson Properties
Springfield Housing Market Report December 2024•Fairfax County, Virginia
Housing Prices in Springfield, VA
How much do homes in Springfield, VA cost?
Housing Market Conditions
Is Springfield, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Springfield is a Seller's Market
Difference Since December 2023
Since last year, Springfield has remained a Seller's Market.
Insight
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$734,853$332/SqFt
+$28,754
+4.1%
Based on all homes sold in the last 12 months
Insight
Homes in Springfield have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Springfield was $734,853 in December 2024, up 4.1% from last year, and the median price per square foot was $332.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $242.5K | $255K | +5.2% |
| 22 Bedrooms | $415.5K | $400K | -3.7% |
| 33 Bedrooms | $580K | $615K | +6.0% |
| 44 Bedrooms | $785.3K | $830K | +5.7% |
| 55+ Bedrooms | $943.3K | $963.3K | +2.1% |
Summary: Springfield housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +5.2%. The home price for 2 bedroom homes decreased by -3.7%. The home price for 3 bedroom homes increased by +6.0%. The home price for 4 bedroom homes increased by +5.7%. The home price for 5 bedroom homes increased by +2.1%.
Housing supply in Springfield, VA
How many homes are available in Springfield, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 220Last MonthDec 2024 | ||
| 2662 months agoNov 2024 | -17.3 % Change MoMNov – Dec |
Summary: The Springfield real estate market had 220 homes for sale in Dec 2024, a 17.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 94Last MonthDec 2024 | ||
| 1082 months agoNov 2024 | -13.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 4 | +33.3% |
| 22 Bedrooms | 25 | 18 | -28.0% |
| 33 Bedrooms | 91 | 70 | -23.1% |
| 44 Bedrooms | 87 | 74 | -14.9% |
| 55+ Bedrooms | 60 | 54 | -10.0% |
Summary: Springfield housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -28.0%. The inventory for 3 bedroom homes decreased by -23.1%. The inventory for 4 bedroom homes decreased by -14.9%. The inventory for 5 bedroom homes decreased by -10.0%.
Asking Price vs. Sold Price
How much do homes in Springfield, VA cost?
Over Asking Price39 Homes
At Asking Price22 Homes
Under Asking Price33 Homes
Insight
If you're buying a home in Springfield, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Springfield in December 2024, down by 13.0% month-over-month. Of the 94 sold homes, 35% were sold under asking, 23% were sold at asking, and and 41% were sold over asking.
Days on Market for Springfield, VA
How long does it take to sell a home in Springfield, VA?
Breakdown of Home Sale Times
Under 30 Days80 Homes
30 – 90 Days13 Homes
Over 90 Days1 Home
Insight
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 94 homes were sold in Springfield; 85% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 15 DaysThis YearDec 2024 | ||
| 16 Days1 year agoDec 2023 | -4.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Springfield had an average listing age of 15 days in Dec 2024, down by 4.7% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Springfield, VA
What homes are available in Springfield, VA?
Coming soon
$8,491 Closing Credit¹
Anthan T Tran, Listing Office: Samson Properties
New - 1 day on Rocket
$5,105 Closing Credit¹
Cara Pearlman, Listing Office: Compass
New - 1 day on Rocket
$7,718 Closing Credit¹
Jean-Pierre Lteif, Listing Office: KW Metro Center
New - 1 day on Rocket
$9,797 Closing Credit¹
Paul M Herrick, Listing Office: Real Broker, LLC
New - 2 days on Rocket
$7,713 Closing Credit¹
Basma Zaiber, Listing Office: EXP Realty, LLC
Coming soon
$7,422 Closing Credit¹
Megan Thiel, Listing Office: Long & Foster Real Estate, Inc.
New - 4 days on Rocket
$10,000 Closing Credit¹
Alexandra S Lohr, Listing Office: Fathom Realty
Coming soon
$6,530 Closing Credit¹
Brent Livingston, Listing Office: Pearson Smith Realty LLC
New - 6 days on Rocket
$10,000 Closing Credit¹
Marion Gordon, Listing Office: KW Metro Center
Coming soon3D tour
$10,000 Closing Credit¹
Bradley Kirkendall, Listing Office: Nova Elite Realty
New - 7 days on RocketBackup offers
$6,056 Closing Credit¹
Martina Moutawakkil, Listing Office: Samson Properties
Popular Cities with Homes for Sale in Virginia
- Homes for sale in Alexandria, VA
- Homes for sale in Charlottesville, VA
- Homes for sale in Chesapeake, VA
- Homes for sale in Fairfax, VA
- Homes for sale in Fredericksburg, VA
- Homes for sale in Gainesville, VA
- Homes for sale in Hampton, VA
- Homes for sale in Leesburg, VA
- Homes for sale in Lynchburg, VA
- Homes for sale in Manassas, VA
- Homes for sale in Midlothian, VA
- Homes for sale in Newport News, VA
- Homes for sale in Norfolk, VA
- Homes for sale in Richmond, VA
- Homes for sale in Roanoke, VA
- Homes for sale in Salem, VA
- Homes for sale in Stafford, VA
- Homes for sale in Suffolk, VA
- Homes for sale in Williamsburg, VA
- Homes for sale in Winchester, VA
- Homes for sale in Woodbridge, VA
MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.