Real Estate Market Update for Springfield, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 38% from one year earlier, and down 40% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 580-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 35%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 450-thousand dollars. The number of units sold increased 33% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Springfield, VA

Area Information for Springfield, VA
  • Population: 30,838
  • Median Age: 40.43 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,923/sq mi
  • Population Change Since 2000: 23.11%
  • Closest Airport: Ronald Reagan Washington Ntl
  • Closest College: Itt Technical Institute-springfield
  • Closest Jr. College: North Virginia Community Clg-annandale
  • Median Household Income: $106,689
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $570,000
  • Closest Major Sports Team: Potomac Nationals (a)
  • Change Avg. Household Income Since 2000: 52.02%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Springfield, VA
Median Age: 40.43 Married: 41% Number of Households: 10,221 Households with Children: 3,313
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Springfield, VA

      School Name Distance Type Grades School Rating
      Rolling Valley Elementary School 0.3 mi Public K-6 3
      Prince Of Peace Lutheran School 0.4 mi Private PRESCHOOL-K 0
      Little Acorn Patch 0.6 mi Private PRESCHOOL-K 0
      Accotink Academy Preschool 0.7 mi Private PRESCHOOL-K 0
      Irving Middle School 0.7 mi Public 7-8 5
      West Springfield Elementary School 0.7 mi Public PRESCHOOL-6 4
      Keene Mill Elementary School 0.8 mi Public K-6 5
      Accotink Academy 0.9 mi Private K-12 0
      Sydenstricker School 1.0 mi Private PRESCHOOL-K 0
      Hunt Valley Elementary School 1.1 mi Public K-6 4
      West Springfield High School 1.1 mi Public 9-12 4
      Cardinal Forest Elementary School 1.3 mi Public PRESCHOOL-6 3
      Orange Hunt Elementary School 1.4 mi Public K-6 4
      St. Bernadette School 1.5 mi Catholic PRESCHOOL-8 0
      Ravensworth Elementary School 2.1 mi Public PRESCHOOL-6 4
      Kings Glen Elementary School 2.1 mi Public 4-6 3
      White Oaks Elementary School 2.2 mi Public PRESCHOOL-6 4
      Crestwood Elementary School 2.2 mi Public PRESCHOOL-6 1
      Kings Park Elementary School 2.2 mi Public PRESCHOOL-3 0
      Garfield Elementary School 2.3 mi Public PRESCHOOL-6 1
      Newington Forest Elementary School 2.4 mi Public K-6 2
      North Springfield Elementary School 2.4 mi Public PRESCHOOL-5 2
      Kiddie Country Development Learning Center Ii 2.4 mi Private PRESCHOOL-K 0
      The Springs A Montessori School 2.4 mi Private PRESCHOOL-6 0
      The Dominion School 2.5 mi Private 9-12 0
      Sangster Elementary School 2.5 mi Public K-6 5
      Nativity Catholic School 2.6 mi Catholic PRESCHOOL-8 0
      Angelus Academy 2.6 mi Private PRESCHOOL-8 0
      Lake Braddock Secondary 2.7 mi Public 7-12 5
      Burke School 2.7 mi Public 6-8 0
      Saratoga Elementary School 2.7 mi Public PRESCHOOL-6 2
      St Marks Montessori School And Daycare C 2.8 mi Private PRESCHOOL-K 0
      Lynbrook Elementary School 2.8 mi Public K-6 0
      Cherry Run Elementary School 2.8 mi Public PRESCHOOL-6 5
      The Gw Community School 2.8 mi Private 8-12 0
      Best Academy 2.8 mi Private 1-12 0
      Al-qalam School Of Virginia 3.0 mi Private PRESCHOOL-12 0
      Burke Alternative Learning Center 3.1 mi Public K-8 0
      John R. Lewis High School 3.3 mi Public 9-12 0
      Forestdale Elementary School 3.4 mi Public PRESCHOOL-6 0
      Springfield Academy 3.5 mi Private PRESCHOOL-3 0
      Word Of Life Christian Academy 3.5 mi Private PRESCHOOL-12 0
      Plum Center For Lifelong Learning 3.5 mi Public UNGRADE-UNGRADE 0
      Immanuel Christian School 3.6 mi Private K-8 0
      Terra Centre Elementary School 3.7 mi Public PRESCHOOL-6 4
      Key Center School 3.7 mi Public K-12 5
      Key Middle School 3.7 mi Public 7-8 1
      Springfield Estates Elementary School 3.7 mi Public PRESCHOOL-6 4
      Northern Virginia Academy 3.9 mi Private PRESCHOOL-PRESCHOOL 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Springfield, VA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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