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All market snapshots / 97477

Springfield, OR 97477 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Springfield, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 4040PendingPending sales: 33
Springfield, OR: 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): $375k$375kSoldMedian sold price (last 6 months): $412k$412k
What homes actually sell for in Springfield, OR
Distribution of 277 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $325k to $489k
$140k to $212k: 15 sales$140k$212k to $284k: 22 sales$284k to $356k: 45 sales$284k$356k to $428k: 59 sales$428k to $499k: 66 sales66sales$428k$499k to $571k: 21 sales$571k to $643k: 13 sales$571k$643k to $715k: 9 salesMedian $412k

What the numbers say

As of October 5, 2026, Resideline is tracking 40 active listings and 3 pending sales in ZIP code 97477. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $375,000, while the median of the 277 closed sales Resideline tracked over the last six months was $412,000. 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 97477 for 68 days.

Frequently asked questions

What is the median home price in 97477?

The median closed sale price in Springfield, OR 97477 was $412,000 over the last six months, based on 277 closed sales tracked by Resideline. The middle half of those sales ranged from $325,000 to $489,000.

Is 97477 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 40 active listings in 97477, a pending-to-active ratio of 0.07. 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, 97477 currently looks like a balanced market.

Nearby ZIP code market data

Full Springfield, OR housing market report →

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