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SPRINGFIELD, OR 97477

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, OR real estate market (97477) currently shows 82 active listings, with 49 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 44 days on market compared to 43 days last year.

The median listing price has fallen 0.2% year-over-year, from $444,498 to $443,750.

Whether you are buying or selling in SPRINGFIELD, OR, 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: 38,105  ·  Density: 1,184.4/mi²  ·  Median household income: $58,621

Typical home value: $311,029  ·  Homeownership: 51.7%

Market Overview

Active Listings
82
⇧ 6.5% vs 77 last year
Pending
49
60% pending ratio
Median Price
$443,750
⇩ 0.2% vs $444,498 last year
Average Price
$489,193
⇩ 0.7% vs $492,739 last year
Days on Market
44
⇧ 2.3% vs 43 days last year

Price Per Square Foot

Median $/sqft
$299
⇧ 1% vs $296/sqft last year
Median Home Size
1,571 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 82 this year vs 77 last year
  • Days on market: 44 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $443,750 (-0.2% YoY)
  • Average: $489,193 (-0.7% 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 23.9 miles — 391 listings ($233,904,866 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97477Springfield, OR 974770.0 mi83$40,099,956$437,475$483,132
97401Eugene, OR 974013.6 mi74$46,958,624$572,450$634,576
97404Eugene, OR 974046.9 mi74$42,018,532$527,450$567,818
97478Springfield, OR 974788.5 mi89$55,679,824$485,000$625,616
97426Creswell, OR 9742610.8 mi31$20,494,255$572,125$661,105
97454Marcola, OR 9745414.6 mi6$4,078,800$675,000$679,800
97431Dexter, OR 9743116.2 mi4$3,982,000$395,500$995,500
97452Lowell, OR 9745218.7 mi4$3,529,800$895,000$882,450
97438Fall Creek, OR 9743818.9 mi5$2,571,730$458,750$514,346
97489Walterville, OR 9748919.8 mi3$1,618,452$475,000$539,484
97451Lorane, OR 9745121.3 mi1$3,490,000$3,490,000$3,490,000
97327Brownsville, OR 9732722.1 mi13$7,544,225$490,500$580,325
97461Noti, OR 9746123.9 mi4$1,838,668$465,000$459,667

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, OR 97477?

As of March 2026, there are 82 active listings in SPRINGFIELD, OR (zip code 97477), compared to 77 the prior year.

What is the median home price in SPRINGFIELD, OR 97477?

The median listing price in SPRINGFIELD, OR 97477 is $443,750 as of March 2026, a 0.2% decrease from $444,498 the prior year.

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

Homes in SPRINGFIELD, OR 97477 spend an average of 44 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, OR 97477?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, OR 97477 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 44 days on market compared to 43 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, OR 97477 save an estimated $8,875 compared to a typical 5% commission on the median listing price of $443,750. 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.