Is Springfield, VA 22151 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Springfield is a seller’s market. With about 1.6 months of supply and 53% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.6Under 4 months = seller’s market

Sold above original list53.2%Share of sales, last 3 months

Median sale-to-list101.5%Sold price ÷ list price

Median days on market34Listing to accepted offer

Median price per sq ft$350▲ +0.0% vs. last year

Run the numbers for 22151

Prefilled for 22151Can I win this house?Multiple-offer likelihood for a listing Prefilled for 22151Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology