Is Springfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Springfield was a Seller's Market.
Key Takeaway
Springfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springfield, FL
How much do homes in Springfield, FL cost?
Median Sold Price
$365,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Springfield have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Springfield was $365,000 in March 2024, up 10.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $205.5K | +11.1% |
| 2 Bedrooms | $170K | $210K | +23.5% |
| 3 Bedrooms | $360K | $379.5K | +5.4% |
| 4 Bedrooms | $389K | $428K | +10.0% |
| 5+ Bedrooms | $350K | $325K | -7.1% |
Summary: Springfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Springfield | $330.6K | $365K | +10.4% |
| Springfield | $381.5K | $395K | +3.5% |
| Urban Core | $155K | $154.4K | -0.3% |
Housing Supply in Springfield, FL
How many homes are available in Springfield, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The Springfield real estate market had 72 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Springfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Springfield in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 52 Days | -41.5% |
Summary: Homes in Springfield had an average of 52 days on market in Mar 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Springfield; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.