Springfield, TN housing market
The typical Springfield home is worth about $331,000, about the same as a year ago, close to the Tennessee typical home. Homes typically sell in 61 days, below asking.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Springfield at a glance
A buyer's market
More homes are for sale than are selling — about 10 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Springfield | Tennessee |
|---|---|---|
| 2017 | $172,000 | $174,000 |
| 2018 | $185,000 | $187,000 |
| 2019 | $202,000 | $198,000 |
| 2020 | $223,000 | $215,000 |
| 2021 | $240,000 | $238,000 |
| 2022 | $294,000 | $287,000 |
| 2023 | $316,000 | $313,000 |
| 2024 | $327,000 | $326,000 |
| 2025 | $334,000 | $334,000 |
| 2026 | $330,000 | $333,000 |
| August 2026 | $331,000 | $334,000 |
Springfield and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Springfield | $331K | +0.3% | 61 | $59,465 |
| Greenbrier | $381K | −0.2% | 54 | $85,174 |
5.6 years of income
The typical Springfield home costs about 5.6 years of the town's median household income, more than across Tennessee (4.8 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.