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 2021

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

$220,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$36,500(+19.9%)

Key Takeaway

Homes in Springfield have sold for 19.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $51K$195K
+282.4%
2 $89.7K$137K
+52.7%
3 $180K$219.5K
+21.9%
4 $210K$295K
+40.5%
5+ $525K$374.9K
-28.6%

Median Sold Price Compared To Nearby Cities

Panama City
+28.4%
Callaway
+21.1%
Springfield
+19.9%
Parker
+8.3%

How many homes are available in Springfield, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
5745-21.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 72
-71.4%
3 2622
-15.4%
4 1716
-5.9%
5+ 75
-28.6%

Number of Homes Sold

Sep 2022Oct 2022%
1813-27.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 69.2% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
46 Days26 Days-42.5%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springfield are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Springfield, FL

Springfield, FL has 45 homes for sale to choose from. The number of listings in Springfield, FL decreased by 21.1% between September 2022 and October 2022. While the average time on the market in October 2022 was 26 days, the median list price was $220,000. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 282.4%, 2 bedrooms properties became 52.7% more expensive, 3 bedrooms properties prices increased by 21.9%, prices of 4 bedrooms properties went up by 40.5%, 5 bedrooms properties became 28.6% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 71.4%, number of 3 bedrooms homes decreased by 15.4%, the quantity of 4 bedrooms homes went down by 5.9%, number of 5 bedrooms homes decreased by 28.6%. While more than 2 listings in Springfield, FL in October 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 9 were sold below.