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Springfield, TN 37172 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Springfield, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.17
ActiveActive listings: 4242PendingPending sales: 77
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): $352k$352kSoldMedian sold price (last 6 months): $345k$345k
What homes actually sell for in Springfield, TN
Distribution of 294 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $275k to $455k
$125k to $201k: 22 sales$125k$201k to $278k: 41 sales$278k to $354k: 80 sales80sales$278k$354k to $430k: 59 sales$430k to $507k: 19 sales$430k$507k to $583k: 12 sales$583k to $660k: 18 sales$583k$660k to $736k: 15 salesMedian $345k

What the numbers say

As of September 14, 2026, Resideline is tracking 42 active listings and 7 pending sales in ZIP code 37172. That pending-to-active ratio of 0.17 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $352,495, while the median of the 294 closed sales Resideline tracked over the last six months was $345,000. 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 61 days.

Frequently asked questions

What is the median home price in 37172?

The median closed sale price in Springfield, TN 37172 was $345,000 over the last six months, based on 294 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $455,000.

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

Resideline is currently tracking 7 pending sales against 42 active listings in 37172, a pending-to-active ratio of 0.17. 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

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