Home Values

Springfield Township Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$299,800

  • -0.6% 1-year change
  • -0.7% 1-year forecast

The median home value in Springfield Township is $299,800. Springfield Township home values have declined -0.6% over the past year and Zillow predicts they will fall -0.7% within the next year. The median list price per square foot in Springfield Township is $164, which is higher than the Philadelphia Metro average of $131. The median price of homes currently listed in Springfield Township is $344,900 while the median price of homes that sold is $284,615. The median rent price in Springfield Township is $1,580, which is higher than the Philadelphia Metro median of $1,365.

Foreclosures will be a factor impacting home values in the next several years. In Springfield Township 5.7 homes are foreclosed (per 10,000). This is greater than the Philadelphia Metro value of 4.7 and also greater than the national value of 4.3

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Relative ZHVI
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Springfield Township Market Overview

Data through Aug 31, 2014
  • $299,800 ZHVI
  • -0.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $344,900 Median listing price
  • No recent data Median sale price
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Springfield Township Market Health

Data through Aug 31, 2014
  • 1.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

5.7 homes(Dec 31, 2013) Springfield Township
4.7 homes Philadelphia Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Fort Washington $478,000
Whitemarsh Township $365,700
Upper Dublin $329,400
Name Median ZHVI
Wyncote $316,500
Flourtown $307,700
Wyndmoor $293,800
Name Median ZHVI
Oreland $262,700
Glenside $237,300
Ambler $220,400

Listings & Sales

Data through Aug 31, 2014
  • $164 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 60.0% Listings with price cut
32.2%
Sold below listing
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Springfield Township Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,048 Springfield Township
    $1,551 Philadelphia Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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