Springfield, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 215 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $722,456. The number of current listings in Springfield is 126, and the percentage of properties for sale in the city is 126.00%. Springfield, NJ currently has 34 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 126 properties for sale.
Springfield, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07081 | $ 722,456 $ 390/sqft |
Housing Market Summary for Springfield, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $679.9K | $729K | 7.22% |
| Median Sold Price | $701.2K | $583.8K | -16.74% |
| Homes For Sale | 71 | 127 | 78.87% |
| Homes Sold | 93 | 53 | -43.01% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Springfield, NJ
Browse Homes in Springfield, NJ
Springfield home values range from $160,000 to $1,600,000. The median estimated value of a home in Springfield is $722,456. The median list price of a home is 729,000, and the total count of properties in the city is 246.
- Pre-ForeclosurePre-foreclosure homes account for 12.60% of all residential properties in Springfield, NJ with 07081 containing 31 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Springfield, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,239,821 in 07081 to the lowest home value of $160,000 in 07081.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Springfield, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Springfield, NJ. There is 1 zips within Springfield, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07081 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Springfield, NJ. Auction homes and other auction properties account for 1.22% of all properties in Springfield, NJ. There is 1 zips within Springfield, NJ; of that zips, the median estimated home value for homes going to auction ranges from $583,693 in 07081 to the lowest value of $506,964 in 07081.
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Guide for Springfield, NJ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
