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SPRINGFIELD, OR 97478

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SPRINGFIELD, OR real estate market (97478) currently shows 89 active listings, with 36 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 78 days last year.

The median listing price has fallen 2.9% year-over-year, from $499,450 to $485,000.

Whether you are buying or selling in SPRINGFIELD, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 39,268  ·  Density: 90.0/mi²  ·  Median household income: $74,334

Typical home value: $329,523  ·  Homeownership: 68.9%

Market Overview

Active Listings
89
⇧ 7.2% vs 83 last year
Pending
36
40% pending ratio
Median Price
$485,000
⇩ 2.9% vs $499,450 last year
Average Price
$625,616
⇩ 9.5% vs $690,970 last year
Days on Market
86
⇧ 10.3% vs 78 days last year

Price Per Square Foot

Median $/sqft
$301
⇧ 0.3% vs $300/sqft last year
Median Home Size
1,718 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 83 last year
  • Days on market: 86 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $485,000 (-2.9% YoY)
  • Average: $625,616 (-9.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.8 miles — 362 listings ($231,442,679 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97478Springfield, OR 974780.0 mi83$52,637,936$507,121$634,192
97454Marcola, OR 974549.1 mi4$2,724,000$575,000$681,000
97403Eugene, OR 9740310.9 mi28$21,573,944$709,950$770,498
97489Walterville, OR 9748911.3 mi3$1,658,991$475,000$552,997
97438Fall Creek, OR 9743812.9 mi5$3,574,915$750,000$714,983
97431Dexter, OR 9743115.0 mi6$2,512,560$439,900$418,760
97426Creswell, OR 9742615.7 mi26$17,863,378$584,000$687,053
97405Eugene, OR 9740518.5 mi118$82,680,358$560,734$700,681
97386Sweet Home, OR 9738619.4 mi74$29,702,416$362,000$401,384
97488Vida, OR 9748821.7 mi6$9,524,850$1,599,000$1,587,475
97348Halsey, OR 9734824.9 mi4$1,693,332$450,000$423,333
97345Foster, OR 9734526.1 mi2$1,398,000$699,000$699,000
97492Westfir, OR 9749227.8 mi3$3,897,999$570,000$1,299,333

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, OR 97478?

As of February 2026, there are 89 active listings in SPRINGFIELD, OR (zip code 97478), compared to 83 the prior year.

What is the median home price in SPRINGFIELD, OR 97478?

The median listing price in SPRINGFIELD, OR 97478 is $485,000 as of February 2026, a 2.9% decrease from $499,450 the prior year.

How long do homes stay on the market in SPRINGFIELD, OR?

Homes in SPRINGFIELD, OR 97478 spend an average of 86 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, OR 97478?

Based on current inventory and days-on-market data as of February 2026, SPRINGFIELD, OR 97478 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 78 days last year.

How much can I save on real estate commission in SPRINGFIELD, OR?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, OR 97478 save an estimated $9,700 compared to a typical 5% commission on the median listing price of $485,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.