Is Springfield, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Springfield has remained a Seller's Market.
Housing Prices in Springfield, GA
How much do homes in Springfield, GA cost?
Median Sold Price
$260,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Springfield was $260,000 in February 2024, up 1.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $190K | +17.3% |
2 Bedrooms | $192.5K | $160K | -16.9% |
3 Bedrooms | $225K | $247.6K | +10.0% |
4 Bedrooms | $312.5K | $296K | -5.3% |
5+ Bedrooms | $380K | $357.5K | -5.9% |
Summary: Springfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
Guyton-Springfield | $296.5K | $339.9K | +14.6% |
Springfield | $257K | $260K | +1.2% |
Housing Supply in Springfield, GA
How many homes are available in Springfield, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Springfield real estate market had 26 homes for sale in February 2024, a 3.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Springfield in February 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Springfield, GA
How long does it take to sell a home in Springfield, GA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
8 Days | 4 Days | -52.9% |
Summary: Homes in Springfield had an average of 4 days on market in Feb 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in Springfield; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.