Insight into the nuances of buying and selling in one of the country’s most complex urban markets.
The Springfield area on this page runs from Braddock Road on the north to just past the Franconia-Springfield Parkway and Loisdale Road on the south. Accotink Creek and Lake Accotink Park form much of the western edge, and the eastern edge follows the Beltway and the Franconia line east of I-95. Old Keene Mill Road, Backlick Road and Commerce Street hold the commercial core. Subdivisions of detached houses fill the areas north and west of the interchange, and Springfield Town Center, the Metro station and Loisdale Estates lie east of I-95.
The Springfield Interchange joins I-95, I-395 and the Capital Beltway, so the Pentagon, Tysons, Alexandria and Fort Belvoir are all direct drives. Express lanes run on I-95 and I-395. Franconia-Springfield station offers Blue Line trains, VRE commuter rail and regional buses from one garage, and Backlick Road adds VRE Manassas Line service toward Union Station.
Supermarkets, pharmacies, restaurants and hardware stores are spread across the centers on Old Keene Mill Road, Backlick Road and Commerce Street. Springfield Town Center handles larger shopping trips and has a cinema. County services nearby include the Richard Byrd Library on Commerce Street, and Lake Accotink Park offers a loop trail around the lake.
The quick details buyers ask about most.
Median Sales Price
Median Price Per Sq Ft
Median Days On Market
Annual Closed Sales
YoY Median Price Change
Springfield is primarily a detached-house market, with townhouses making up about a fifth of sales and only a handful of condominium sales. The snapshot covers every closed sale inside the Census-defined Springfield boundary over the trailing twelve months through September 2026 — 164 detached houses, 43 townhouses and semi-detached homes, and 2 condominiums. Price per square foot uses interior living area.
Across all home types the median sale was $685,000 at about $339 per square foot, with a median of 7 days on market and sales averaging 100% of original list price. The median rose about 3% from the prior twelve months. Within segments, the detached median held near $700,000 and the townhouse median held near $639,000.
Market data reflects recent 12-month activity. Individual buildings may vary.
For Sale
We track private and off-market opportunities before they reach the MLS.
Recently Sold
Closed sales from the past 12 months — the comps that set today’s pricing.
Get a pricing strategy built on these comps and current Springfield demand.
In-Depth Market Analysis
How pricing trends, absorption rates, and inventory levels are shaping buying and selling
Inventory Level: Balanced with selective competition
Negotiation Environment: Moderate flexibility
Typical Days on Market: 25-45 (well-priced units)
Rental Demand: Consistent due to transit proximity
Long- Term Outlook: Stable, walkability-driven value
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