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SPRINGFIELD, NJ 07081

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SPRINGFIELD, NJ real estate market (07081) currently shows 25 active listings, with 14 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 19 days on market compared to 10 days last year.

The median listing price has fallen 5.7% year-over-year, from $709,450 to $669,250.

Whether you are buying or selling in SPRINGFIELD, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,011  ·  Density: 1,268.7/mi²  ·  Median household income: $141,759

Typical home value: $552,899  ·  Homeownership: 61.8%

Market Overview

Active Listings
25
⇩ 3.8% vs 26 last year
Pending
14
56% pending ratio
Median Price
$669,250
⇩ 5.7% vs $709,450 last year
Average Price
$638,173
⇩ 19% vs $787,843 last year
Days on Market
19
⇧ 90% vs 10 days last year

Price Per Square Foot

Median $/sqft
$338
⇩ 5.1% vs $356/sqft last year
Median Home Size
1,848 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 26 last year
  • Days on market: 19 now vs 10 last year

Median & Average Pricing

Year over Year
  • Median: $669,250 (-5.7% YoY)
  • Average: $638,173 (-19% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.8 miles — 390 listings ($463,907,842 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07081Springfield, NJ 070810.0 mi24$13,936,152$652,200$580,673
07092Mountainside, NJ 070922.2 mi11$12,723,337$1,075,500$1,156,667
07033Kenilworth, NJ 070332.4 mi16$11,830,576$724,500$739,411
07078Short Hills, NJ 070782.9 mi32$119,679,584$3,837,500$3,739,987
07016Cranford, NJ 070163.2 mi27$25,139,700$777,000$931,100
07090Westfield, NJ 070903.4 mi43$63,194,477$1,274,470$1,469,639
07204Roselle Park, NJ 072043.9 mi20$10,824,200$524,225$541,210
07203Roselle, NJ 072034.7 mi50$25,369,700$500,000$507,394
07928Chatham, NJ 079285.0 mi39$84,926,205$1,916,000$2,177,595
07023Fanwood, NJ 070235.1 mi15$11,782,410$738,700$785,494
07076Scotch Plains, NJ 070765.2 mi49$50,033,949$980,356$1,021,101
07208Elizabeth, NJ 072085.5 mi32$18,355,616$589,500$573,613
07106Newark, NJ 071065.8 mi32$16,111,936$458,438$503,498

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, NJ 07081?

As of March 2026, there are 25 active listings in SPRINGFIELD, NJ (zip code 07081), compared to 26 the prior year.

What is the median home price in SPRINGFIELD, NJ 07081?

The median listing price in SPRINGFIELD, NJ 07081 is $669,250 as of March 2026, a 5.7% decrease from $709,450 the prior year.

How long do homes stay on the market in SPRINGFIELD, NJ?

Homes in SPRINGFIELD, NJ 07081 spend an average of 19 days on the market before going under contract, compared to 10 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, NJ 07081?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, NJ 07081 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 19 days on market compared to 10 days last year.

How much can I save on real estate commission in SPRINGFIELD, NJ?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, NJ 07081 save an estimated $13,385 compared to a typical 5% commission on the median listing price of $669,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.