Is Springfield, OR 97478 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 2.7 months of supply and 38% 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 supply2.7Under 4 months = seller’s market

Sold above original list37.6%Share of sales, last 3 months

Median sale-to-list100%Sold price ÷ list price

Median days on market20Listing to accepted offer

Median price per sq ft$305▲ +1.9% vs. last year

Run the numbers for 97478

Prefilled for 97478Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97478Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Blachly 97412 $268 /sq ft Blue River 97413Balanced $312 /sq ft Cheshire 97419Seller’s market $255 /sq ft Cottage Grove 97424Seller’s market $275 /sq ft Browse all markets →

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