Is Springfield, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Springfield was a Seller's Market.
Housing Prices in Springfield, LA
How much do homes in Springfield, LA cost?
Median Sold Price
$330,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield was $330,000 in April 2024, up 1.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $100K | +14.3% |
2 Bedrooms | $217.5K | $213.9K | -1.6% |
3 Bedrooms | $300K | $290K | -3.3% |
4 Bedrooms | $369.9K | $394.4K | +6.6% |
5+ Bedrooms | $446.9K | $484.5K | +8.4% |
Summary: Springfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in Springfield, LA
How many homes are available in Springfield, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Summary: The Springfield real estate market had 21 homes for sale in April 2024, a 22.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Springfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Springfield in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Springfield, LA
How long does it take to sell a home in Springfield, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 73 Days | -41.4% |
Summary: Homes in Springfield had an average of 73 days on market in Apr 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Springfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.