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All market snapshots / 97478

Springfield, OR 97478 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Springfield, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.23
ActiveActive listings: 6464PendingPending sales: 1515
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): $408k$408kSoldMedian sold price (last 6 months): $442k$442k
What homes actually sell for in Springfield, OR
Distribution of 273 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $365k to $530k
$50k to $154k: 16 sales$50k$154k to $259k: 7 sales$259k to $363k: 32 sales$259k$363k to $467k: 92 sales92sales$467k to $572k: 59 sales$467k$572k to $676k: 27 sales$676k to $781k: 9 sales$676k$781k to $885k: 5 salesMedian $442k

What the numbers say

As of September 14, 2026, Resideline is tracking 64 active listings and 15 pending sales in ZIP code 97478. That pending-to-active ratio of 0.23 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $407,500, while the median of the 273 closed sales Resideline tracked over the last six months was $442,000. 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 97478 for 66 days.

Frequently asked questions

What is the median home price in 97478?

The median closed sale price in Springfield, OR 97478 was $442,000 over the last six months, based on 273 closed sales tracked by Resideline. The middle half of those sales ranged from $365,000 to $530,000.

Is 97478 a buyer's or seller's market?

Resideline is currently tracking 15 pending sales against 64 active listings in 97478, a pending-to-active ratio of 0.23. 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, 97478 currently looks like a balanced market.

Nearby ZIP code market data

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