The story of this market
The typical home in Springfield, Oregon sells for about $387,000, or $297 per square foot.
Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,258 a month.
Monthly price momentum
Home values since 2015
+0.3%
OR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Springfield, Oregon
The Springfield housing market is currently characterized as a seller's market with 3.5 months of inventory. While sales volume has fluctuated, the median sale price remains stable year-over-year at $387,000. Market conditions vary significantly by price point, with lower-priced segments showing tighter inventory levels compared to higher-priced tiers.
No ARED county foreclosure postings attributed to Springfield yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 48 days on market with 1.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 50.75% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 14.9% — a stable, low-distress profile.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
Data retrieved from US Census Bureau QuickFacts
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.