Comprehensive market data and analysis• Updated Dec 2025
6.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 14 | 15 | 18 |
| 1-2 acres | 1 | 2 | 3 | 5 |
| 2-5 acres | - | 4 | 4 | 5 |
| 5-10 acres | 1 | 3 | 8 | 18 |
| 10-20 acres | - | 1 | 1 | 5 |
| 20-50 acres | 1 | 1 | 2 | 2 |
| 50-100 acres | 1 | 1 | 2 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 5 | 26 | 35 | 55 |
Acreage buckets
The median price for land in Springfield, Tennessee is currently $50K per acre. For a typical parcel, the median sale price is $158K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $70K while premium lots reached $518K.
Springfield, Tennessee is currently a balanced market with 6.5 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 113.6% year-over-year.
Springfield, Tennessee currently has 6.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Over the past 12 months, Springfield, Tennessee saw 55 properties sold, totaling $13.7M in sales volume. In just the last 3 months, 26 properties changed hands.
The median land price in Springfield, Tennessee stands at $158K. This translates to roughly $50K per acre for the typical parcel size. The average price is $249K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Springfield, Tennessee is 15.5% (3-month basis), indicating strong demand. With appreciating values (+113.6% YoY), the market shows growth potential.
Land in Springfield, Tennessee typically sells within 65 days of listing. The median time on market is 56 days. Properties are moving at a moderate pace in the current balanced market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
