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Springfield, TN 37172 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Springfield, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 4747PendingPending sales: 66
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): $395k$395kSoldMedian sold price (last 6 months): $345k$345k
What homes actually sell for in Springfield, TN
Distribution of 292 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $275k to $448k
$120k to $194k: 14 sales$120k$194k to $269k: 36 sales$269k to $343k: 81 sales81sales$269k$343k to $417k: 63 sales$417k to $492k: 25 sales$417k$492k to $566k: 14 sales$566k to $640k: 14 sales$566k$640k to $715k: 16 salesMedian $345k

What the numbers say

As of October 5, 2026, Resideline is tracking 47 active listings and 6 pending sales in ZIP code 37172. That pending-to-active ratio of 0.13 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $394,900, while the median of the 292 closed sales Resideline tracked over the last six months was $344,990. 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 68 days.

Frequently asked questions

What is the median home price in 37172?

The median closed sale price in Springfield, TN 37172 was $344,990 over the last six months, based on 292 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $448,300.

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

Resideline is currently tracking 6 pending sales against 47 active listings in 37172, a pending-to-active ratio of 0.13. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 37172 currently looks like a balanced market.

Nearby ZIP code market data

Full Springfield, TN housing market report →

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