Is Springfield Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, IA
How much do homes in Springfield Township, IA cost?
Median Sold Price
$91,450
$62/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Springfield Township was $91,450 in March 2024, down 61.4% from last month, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $131.7K | $33K | -74.9% |
4 Bedrooms | $342.5K | $149.9K | -56.2% |
5+ Bedrooms | - | - | N/A |
Summary: Springfield Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 74.9%, 4 bedroom homes decreased by 56.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lowden | $131.7K | $91.4K | -30.6% |
Springfield Township | $237.1K | $91.4K | -61.4% |
Housing Supply in Springfield Township, IA
How many homes are available in Springfield Township, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Summary: The Springfield Township real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Springfield Township housing inventory by bedroom type for March 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 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Springfield Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield Township, IA
How long does it take to sell a home in Springfield Township, IA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 52 Days | +81.0% |
Summary: Homes in Springfield Township had an average of 52 days on market in Mar 2024, up by 81% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Springfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.