Call or Text (240) SELL-123

SPRINGFIELD, OR 97478

Real Estate Market Report  ·  Lane County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, OR real estate market (97478) currently shows 95 active listings, with 45 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 55 days on market compared to 57 days last year.

The median listing price has fallen 7.4% year-over-year, from $527,495 to $488,700.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SPRINGFIELD, OR 97478 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 39,268  ·  Density: 90.0/mi²  ·  Median household income: $74,334

Typical home value: $329,523  ·  Homeownership: 68.9%

Market Overview

Active Listings
95
⇩ 6.9% vs 102 last year
Pending
45
47% pending ratio
Median Price
$488,700
⇩ 7.4% vs $527,495 last year
Average Price
$629,134
⇩ 15.2% vs $742,272 last year
Days on Market
55
⇩ 3.5% vs 57 days last year

Price Per Square Foot

Median $/sqft
$310
⇧ 0.6% vs $308/sqft last year
Median Home Size
1,687 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 95 this year vs 102 last year
  • Days on market: 55 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $488,700 (-7.4% YoY)
  • Average: $629,134 (-15.2% 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 27.8 miles — 386 listings ($240,099,981 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97478Springfield, OR 974780.0 mi89$55,679,824$485,000$625,616
97454Marcola, OR 974549.1 mi6$4,078,800$675,000$679,800
97403Eugene, OR 9740310.9 mi26$18,331,768$668,675$705,068
97489Walterville, OR 9748911.3 mi3$1,618,452$475,000$539,484
97438Fall Creek, OR 9743812.9 mi5$2,571,730$458,750$514,346
97431Dexter, OR 9743115.0 mi4$3,982,000$395,500$995,500
97426Creswell, OR 9742615.7 mi31$20,494,255$572,125$661,105
97405Eugene, OR 9740518.5 mi126$84,115,836$560,234$667,586
97386Sweet Home, OR 9738619.4 mi79$30,222,556$351,250$382,564
97488Vida, OR 9748821.7 mi6$9,502,428$1,672,500$1,583,738
97348Halsey, OR 9734824.9 mi5$3,400,000$450,000$680,000
97345Foster, OR 9734526.1 mi2$1,398,000$699,000$699,000
97492Westfir, OR 9749227.8 mi4$4,704,332$502,500$1,176,083

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, OR 97478?

As of March 2026, there are 95 active listings in SPRINGFIELD, OR (zip code 97478), compared to 102 the prior year.

What is the median home price in SPRINGFIELD, OR 97478?

The median listing price in SPRINGFIELD, OR 97478 is $488,700 as of March 2026, a 7.4% decrease from $527,495 the prior year.

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

Homes in SPRINGFIELD, OR 97478 spend an average of 55 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, OR 97478?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, OR 97478 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 55 days on market compared to 57 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 97478 save an estimated $9,774 compared to a typical 5% commission on the median listing price of $488,700. 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.