Market Intelligence · VA / Fairfax County

Springfield, VA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$687K1-yr changeUp1.0%

The typical home value in Springfield, VA is $687K as of September 2026, up 1.0% from a year ago, based on the Zillow Home Value Index. In the typical Springfield ZIP code, the median list price is $730K and homes spend a median of 27 days on market as of September 2026 (Realtor.com).

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The coverage

Springfield, by the numbers.

Typical home valueZillow ZHVI, September 2026
$687K
1-yr changeMedian across Springfield ZIPs
+1.0%
ZIP markets live6 tracked in Springfield
1
County
Fairfax County

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12-month value trend

+1.0% over 12 months

Typical home value in Springfield over the last 12 months: $680K in Sep 2025 to $687K in Sep 2026 (+1.0%).

Sep 2025$680K

Sep 2026$687K

Median Zillow home value index across Springfield's ZIP codes.

Context

Springfield, VA is holding steady as of September 2026. The typical home value sits at $687,387, up 1.0% over the past year, which points to modest growth rather than a surge. There are 153 homes for sale and 106 new listings came on the market, so buyers have some options but inventory is not overwhelming. Homes are moving at a reasonable pace, with a median of 27 days on market. The median list price is $729,872, and 23.3% of listings have taken a price cut, a sign that sellers who overprice are being corrected by the market. For a homeowner weighing a sale, Springfield looks like a stable market where realistic pricing matters more than timing.

The numbers

What is the housing market like in Springfield, VA?

Typical home value

$687K

Up1.0%YoY

Median list price

$730K

Days on market

27

Homes for sale

153

Price cuts

23.3%

New listings

106

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Springfield's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Springfield, VA home prices over time

Typical home values in Springfield, VA are up 1.0% over the past year, from $680K in September 2025 to $687K in September 2026.

Typical home value in Springfield, VA, September of each year
MonthTypical value1-yr change
September 2026$687,387+1.0%
September 2025$680,458No prior year

Typical value is the median Zillow Home Value Index across Springfield ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Springfield, VA a buyer's or seller's market?

Springfield, VA leans toward a seller's market.

Homes are selling quickly, which usually gives sellers the stronger position.

Based on a median of 27 days on market and 23% of listings with a price cut in the typical Springfield ZIP code, and 106 new listings against 153 active listings across Springfield, as of September 2026 (Realtor.com).

The outlook

Springfield housing market forecast 2027

+0.5%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 4 Springfield ZIP codes, points to typical home values rising 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in Springfield rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in Springfield?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Springfield shows typical home values rising 0.5% by September 2027, after a 1.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 4 Springfield ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Springfield?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 6 Springfield ZIP codes in total; the remaining 5 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Springfield, VA home prices.

How much is a home in Springfield, VA worth?

The typical home value in Springfield, VA is $687,387 as of September 2026, up 1.0% over the past year. That is a citywide figure, so an individual home may be worth more or less.

How fast are homes selling in Springfield, VA?

Homes in Springfield, VA are spending a median of 27 days on market as of September 2026. Well-priced homes can still attract buyers within a few weeks.

Are Springfield, VA sellers cutting prices?

Yes, some are. About 23.3% of listings in Springfield, VA had a price cut as of September 2026, with a median list price of $729,872, so pricing accurately from the start is important.

Are home prices going up or down in Springfield, VA?

Typical home values in Springfield, VA are up 1.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Springfield, VA a buyer's or seller's market?

Springfield, VA leans toward a seller's market. Homes are selling quickly, which usually gives sellers the stronger position. Based on a median of 27 days on market and 23% of listings with a price cut in the typical Springfield ZIP code, and 106 new listings against 153 active listings across Springfield, as of September 2026 (Realtor.com).

How long do homes take to sell in Springfield, VA?

In the typical Springfield ZIP code, homes spend a median of 27 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

Nearby markets

More Virginia housing markets.

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