Is Springfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, IL
How much do homes in Springfield Township, IL cost?
Median Sold Price
$155,794
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $155,794 in April 2024, up 20.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42.2K | $41K | -3.0% |
2 Bedrooms | $83K | $99.2K | +19.5% |
3 Bedrooms | $155K | $160.1K | +3.3% |
4 Bedrooms | $233K | $245.8K | +5.5% |
5+ Bedrooms | $430K | $452.5K | +5.2% |
Summary: Springfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Springfield Township | $129K | $155.7K | +20.7% |
Springfield | $145.3K | $155.9K | +7.3% |
Capital Township | $148.7K | $158.2K | +6.3% |
Clear Lake Township | $180K | $182.4K | +1.3% |
Housing Supply in Springfield Township, IL
How many homes are available in Springfield Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
450 | 496 | +10.2% |
Summary: The Springfield Township real estate market had 496 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 129 | 141 | +9.3% |
3 Bedrooms | 208 | 233 | +12.0% |
4 Bedrooms | 74 | 86 | +16.2% |
5+ Bedrooms | 30 | 25 | -16.7% |
Summary: The Springfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
147 | 145 | -1.4% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 145 homes were sold or pending in Springfield Township in April 2024, down by 1.4% month-over-month. Of the 145 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Springfield Township, IL
How long does it take to sell a home in Springfield Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 12 Days | -5.2% |
Summary: Homes in Springfield Township had an average of 12 days on market in Apr 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 145 homes were sold in Springfield Township; 87% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.