Is Springfield, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springfield is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, Springfield has remained a Seller's Market.

Key Takeaway

Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Springfield, FL cost?

Median Sold Price

$184,750

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$12,750(+7.4%)

Key Takeaway

Homes in Springfield have sold for 7.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $13K$51K
+292.3%
2 $90K$115K
+27.8%
3 $178K$180K
+1.1%
4 $174K$210K
+20.7%
5+ $220K$525K
+138.6%

Median Sold Price Compared To Nearby Cities

Parker
+18.1%
Callaway
+9.9%
Springfield
+7.4%
Panama City
+4.2%

How many homes are available in Springfield, FL?

Number of Homes For Sale

Sep 2021Oct 2021%
5859+1.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 86
-25.0%
3 3736
-2.7%
4 812
+50.0%
5+ 44
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
12120.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
14 Days47 Days+235.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Springfield has remained consistent over time.

About Springfield, FL

Homes for sale in Springfield, FL have reached 59. The number of homes for sale in Springfield, FL increased by 1.7% between September 2021 and October 2021. In October 2021, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $184,750. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 292.3%, the cost of 2 bedrooms properties went up by 27.8%, prices of 3 bedrooms properties went up by 1.1%, the cost of 4 bedrooms properties went up by 20.7%, 5 bedrooms properties prices increased by 138.6%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 25%, number of 3 bedrooms homes decreased by 2.7%, 4 bedrooms homes inventory increased by 50%, 5 bedrooms homes did not move. While more than 3 listings in Springfield, FL in October 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below.