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All market snapshots / 97477

Springfield, OR 97477 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Springfield, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 4646PendingPending sales: 22
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): $365k$365kSoldMedian sold price (last 6 months): $412k$412k
What homes actually sell for in Springfield, OR
Distribution of 252 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $325k to $490k
$120k to $197k: 11 sales$120k$197k to $274k: 18 sales$274k to $351k: 47 sales$274k$351k to $428k: 53 sales$428k to $505k: 61 sales61sales$428k$505k to $582k: 16 sales$582k to $659k: 11 sales$582k$659k to $736k: 10 salesMedian $412k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 2 pending sales in ZIP code 97477. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $364,999, while the median of the 252 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 73 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 252 closed sales tracked by Resideline. The middle half of those sales ranged from $325,000 to $490,000.

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

Resideline is currently tracking 2 pending sales against 46 active listings in 97477, a pending-to-active ratio of 0.04. 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, 97477 is currently a slower-moving market.

Nearby ZIP code market data

Full Springfield, OR housing market report →

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