Is Springfield Lakes, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Springfield Lakes has remained a Seller's Market.
Housing Prices in Springfield Lakes, AZ
How much do homes in Springfield Lakes, AZ cost?
Median Sold Price
$485,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Lakes was $485,000 in April 2024, down 1% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $465K | $455.9K | -1.9% |
3 Bedrooms | $600K | $529.5K | -11.8% |
4 Bedrooms | $547.5K | $615K | +12.3% |
5+ Bedrooms | $787.5K | $605K | -23.2% |
Summary: Springfield Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Neighborhoods
Shadow Ridge | $649K | $775K | +19.4% |
Springfield Lakes Reflection and Discovery | $547.5K | $572.5K | +4.6% |
Springfield Lakes | $490K | $485K | -1.0% |
Housing Supply in Springfield Lakes, AZ
How many homes are available in Springfield Lakes, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Summary: The Springfield Lakes real estate market had 19 homes for sale in April 2024, a 20.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Springfield Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Springfield Lakes in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield Lakes, AZ
How long does it take to sell a home in Springfield Lakes, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 93 Days | +24.6% |
Summary: Homes in Springfield Lakes had an average of 93 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Springfield Lakes; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.