Buyer-Leaning Market · 41/100as of June 21, 2026
Here is where the Springfield market stands this month, with the latest verified development news and the Momentum score, all in one place.
Market snapshot
Median sale price by year
Springfield is currently a buyer-leaning market, with a median sold price around $334K. Right now homes are taking about 74 days to sell, and there is roughly 8.4 months of supply. Prices are down about 3% over the past year, though values remain up about 336% since 2012.
Source: realMLS listing and sales data, as of June 21, 2026.
Development Momentum
Springfield has a Development Momentum score of 60 out of 100 (Active), based on 6 verified development items in the last 12 months. It measures the velocity of approved, funded, and opening projects nearby, and is distinct from market price. How this is scored.
What is happening near Springfield
- January 13, 2026City Council approves sale of historic Springfield Armory to redevelopment nonprofit. Jacksonville City Council voted 17-0 on Jan. 13 to sell the city-owned former Florida National Guard Armory at 851 N. Market St. to a subsidiary of Fort Lauderdale-based REVA Development Corp. for $3.04 million. The 1916 building, slated since 2019 for a mixed-use conversion with galleries, co-working, a food hall and a microbrewery, has had only roof and minor repairs to date, with full rehab estimated near $30 million. Jacksonville Daily Record
- December 8, 2025SPAR acquires historic Drew Mansion for community-space rehab. Springfield Preservation and Revitalization announced Dec. 8 it had acquired the 1909 Drew Mansion at 245 W. Third St. and launched a $1.5 million campaign to rehabilitate and operate it. Plans call for converting the deteriorated landmark into a publicly accessible community space and archive with low-cost office space. Jacksonville Daily Record
- November 13, 2025Corner on Main apartments completed in Springfield. Corner on Main, a 202-unit mixed-use development at 1148 N. Main St., reached completion in early 2025, preserving a 1928 art-deco landmark while adding roughly 324,708 square feet of residences and ground-floor retail. The roughly $59 million project, built by Summit Contracting Group, features hidden parking, resort-style pools and Emerald Trail access. Jacksonville Daily Record
- September 25, 2025Officials break ground on Hogan Street Link of the Emerald Trail. City and private leaders broke ground Sept. 25 on the Hogan Street Link, narrowing Hogan Street to one northbound lane with a two-way bike lane from Riverfront Plaza to Union Street. Full completion is targeted for early 2027; a later phase extending into Springfield to FSCJ awaits funding after a federal grant was voided in mid-2025. Jacksonville Daily Record
- July 23, 2025Emerald Trail progress tied to Springfield walkability despite funding setback. Coverage in July detailed how the 30-mile Emerald Trail network is intended to enhance Springfield's walkability by connecting neighborhoods, parks and Downtown, even after the loss of a major federal grant slowed but did not stop the project. Klutho Park and Hogans Creek restoration are tied into the broader trail and greenway plans. News4Jax
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Market figures are computed from current realMLS listing and sales data and update as the market moves. Development items are verified, dated, and source-linked. This briefing is general information, not financial or investment advice. Every home and situation is different, so talk to a licensed agent about yours.