Is Springfield, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springfield is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Springfield has remained a Seller's Market.

Key Takeaway

Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Springfield, OR cost?

Median Sold Price

$401,000

$303/sqft

Based on all homes sold in May 2022.

Difference Since Last Month

+$1,000(+0.3%)

Key Takeaway

The sold price of homes in Springfield has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSApr 2022May 2022%
1 --
N/A
2 $345K$350.5K
+1.6%
3 $395K$390K
-1.3%
4 $497.5K$524.4K
+5.4%
5+ $500K$860K
+72.0%

Median Sold Price Compared To Nearby Cities

Pleasant Hill
+65.2%
Springfield
0.3%
Eugene-Springfield
-0.8%
Eugene
-3.4%
Marcola
-25.5%

How many homes are available in Springfield, OR?

Number of Homes For Sale

Apr 2022May 2022%
156159+1.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 2223
+4.5%
3 10399
-3.9%
4 2631
+19.2%
5+ 56
+20.0%

Number of Homes Sold

Apr 2022May 2022%
7047-32.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springfield, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.

Average Sale Time

Apr 2022May 2022%
13 Days15 Days+16.6%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Springfield are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Springfield, OR

Number of homes for sale in Springfield, OR real estate market have reached 159. The inventory of homes for sale in Springfield, OR between April 2022 and May 2022 increased by 1.9%. Listings spent 15 days on the market in May 2022, and had a median list price of $401,000 during the same period. Real estate listing prices changed between May 2021 and May 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 1.6%, 3 bedrooms properties became 1.3% more cheaper, prices of 4 bedrooms properties went up by 5.4%, the cost of 5 bedrooms properties went up by 72%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 4.5%, 3 bedrooms homes inventory decreased by 3.9%, 4 bedrooms homes inventory increased by 19.2%, 5 bedrooms homes became 20% more available. While more than 28 listings in Springfield, OR in May 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 9 were sold below.

Related Housing Market Reports