Comprehensive market data and analysis• Updated Oct 2026
11.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 5 | 21 |
| 1-2 acres | - | - | 1 | 6 |
| 2-5 acres | 1 | 1 | 1 | 4 |
| 5-10 acres | 3 | 6 | 14 | 26 |
| 10-20 acres | 1 | 5 | 6 | 10 |
| 20-50 acres | - | - | 3 | 4 |
| 50-100 acres | - | 1 | 2 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 5 | 15 | 32 | 74 |
Acreage buckets
The median price for land in Springfield, Tennessee is currently $39K per acre. For a typical parcel, the median sale price is $165K. 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 $413K.
Springfield, Tennessee is currently a buyer's market with 11.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Springfield, Tennessee currently has 11.6 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Springfield, Tennessee saw 74 properties sold, totaling $17.2M in sales volume. In just the last 3 months, 15 properties changed hands.
The median land price in Springfield, Tennessee stands at $165K. This translates to roughly $39K per acre for the typical parcel size. The average price is $232K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Springfield, Tennessee is 8.6% (3-month basis), indicating moderate demand.
Land in Springfield, Tennessee typically sells within 136 days of listing. The median time on market is 74 days. Properties are moving slowly in the current buyer's 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Springfield on LandyDandy.
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