Is Springfield Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, MO
How much do homes in Springfield Township, MO cost?
Median Sold Price
$232,270
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Springfield Township was $232,270 in March 2024, up 9.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $81.5K | +35.8% |
2 Bedrooms | $122.4K | $130K | +6.1% |
3 Bedrooms | $205K | $225K | +9.8% |
4 Bedrooms | $321.2K | $340K | +5.8% |
5+ Bedrooms | $420K | $477.4K | +13.7% |
Summary: Springfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Campbell No. 2 Township | $227.5K | $274K | +20.4% |
Springfield Township | $211.3K | $232.2K | +9.9% |
Springfield | $211.2K | $232.2K | +9.9% |
Wilson A Township | $218.6K | $230.5K | +5.4% |
Campbell No. 2C Township | $280K | $290K | +3.6% |
Housing Supply in Springfield Township, MO
How many homes are available in Springfield Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
852 | 899 | +5.5% |
Summary: The Springfield Township real estate market had 899 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 137 | 143 | +4.4% |
3 Bedrooms | 420 | 433 | +3.1% |
4 Bedrooms | 199 | 207 | +4.0% |
5+ Bedrooms | 86 | 108 | +25.6% |
Summary: The Springfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
216 | 249 | +15.3% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 249 homes were sold or pending in Springfield Township in March 2024, up by 15.3% month-over-month. Of the 235 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.
Days on Market for Springfield Township, MO
How long does it take to sell a home in Springfield Township, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 39 Days | +58.0% |
Summary: Homes in Springfield Township had an average of 39 days on market in Mar 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
156 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During March 2024, 249 homes were sold in Springfield Township; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.