Is Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Springfield was a Seller's Market.
Housing Prices in Springfield, OR
How much do homes in Springfield, OR cost?
Median Sold Price
$415,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Springfield was $415,000 in November 2023, up 4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $205K | -10.9% |
2 Bedrooms | $315K | $310K | -1.6% |
3 Bedrooms | $400.6K | $407K | +1.6% |
4 Bedrooms | $498.6K | $489.9K | -1.7% |
5+ Bedrooms | $547.5K | $516.1K | -5.7% |
Summary: Springfield housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Marcola | $625K | $666K | +6.6% |
Pleasant Hill | $641.2K | $672K | +4.8% |
Springfield | $399K | $415K | +4.0% |
Eugene | $475K | $478.8K | +0.8% |
Eugene-Springfield | $449.7K | $450K | 0.1% |
Housing Supply in Springfield, OR
How many homes are available in Springfield, OR?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
261 | 248 | -5.0% |
Summary: The Springfield real estate market had 248 homes for sale in November 2023, a 5.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 0 | -100.0% |
2 Bedrooms | 30 | 22 | -26.7% |
3 Bedrooms | 145 | 145 | 0.0% |
4 Bedrooms | 70 | 64 | -8.6% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Springfield housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
55 | 41 | -25.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Springfield in November 2023, down by 25.5% month-over-month. Of the 41 sold homes, 46% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Springfield, OR
How long does it take to sell a home in Springfield, OR?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
42 Days | 36 Days | -14.4% |
Summary: Homes in Springfield had an average of 36 days on market in Nov 2023, down by 14.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During November 2023, 41 homes were sold in Springfield; 51% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.