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
$230,187
$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 $230,187 in March 2024, up 5.9% 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 | $61K | $81.5K | +33.6% |
2 Bedrooms | $120.5K | $129.9K | +7.9% |
3 Bedrooms | $209.1K | $225K | +7.6% |
4 Bedrooms | $331K | $338.6K | +2.3% |
5+ Bedrooms | $419K | $467.4K | +11.6% |
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 33.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 11.6%.
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 |
---|---|---|
835 | 883 | +5.7% |
Summary: The Springfield Township real estate market had 883 homes for sale in March 2024, a 5.7% 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 | 136 | 141 | +3.7% |
3 Bedrooms | 414 | 428 | +3.4% |
4 Bedrooms | 192 | 201 | +4.7% |
5+ Bedrooms | 83 | 105 | +26.5% |
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 3.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
215 | 246 | +14.4% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 246 homes were sold or pending in Springfield Township in March 2024, up by 14.4% month-over-month. Of the 232 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 | 38 Days | +57.6% |
Summary: Homes in Springfield Township had an average of 38 days on market in Mar 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
156 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During March 2024, 246 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.