Is Springfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Springfield was a Seller's Market.
Housing Prices in Springfield, FL
How much do homes in Springfield, FL cost?
Median Sold Price
$245,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Springfield was $245,000 in June 2024, up 11.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $120K | -7.7% |
3 Bedrooms | $220K | $245K | +11.4% |
4 Bedrooms | $285K | $265K | -7.0% |
5+ Bedrooms | $435K | $245K | -43.7% |
Summary: Springfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 43.7%.
Median Sold Price Compared To Nearby Cities
Springfield | $220K | $245K | +11.4% |
Parker | $229K | $240K | +4.8% |
Callaway | $285.7K | $290K | +1.5% |
Panama City | $341.4K | $345K | +1.0% |
Housing Supply in Springfield, FL
How many homes are available in Springfield, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
50 | 47 | -6.0% |
Summary: The Springfield real estate market had 47 homes for sale in June 2024, a 6.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Springfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Springfield in June 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Springfield, FL
How long does it take to sell a home in Springfield, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 90 Days | +106.5% |
Summary: Homes in Springfield had an average of 90 days on market in Jun 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Springfield; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.