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Springfield, TN 37172 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Springfield, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 4949PendingPending sales: 44
Springfield, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $380k$380kSoldMedian sold price (last 6 months): $340k$340k
What homes actually sell for in Springfield, TN
Distribution of 264 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $455k
$117k to $192k: 18 sales$117k$192k to $268k: 33 sales$268k to $343k: 70 sales70sales$268k$343k to $418k: 53 sales$418k to $494k: 23 sales$418k$494k to $569k: 11 sales$569k to $645k: 12 sales$569k$645k to $720k: 16 salesMedian $340k

What the numbers say

As of October 26, 2026, Resideline is tracking 49 active listings and 4 pending sales in ZIP code 37172. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $379,900, while the median of the 264 closed sales Resideline tracked over the last six months was $340,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 37172 for 80 days.

Frequently asked questions

What is the median home price in 37172?

The median closed sale price in Springfield, TN 37172 was $340,000 over the last six months, based on 264 closed sales tracked by Resideline. The middle half of those sales ranged from $270,283 to $455,000.

Is 37172 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 49 active listings in 37172, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 37172 is currently a typical-pace market.

Nearby ZIP code market data

Full Springfield, TN housing market report →

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