Is Springfield, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $350.5K | +1.6%  |
| 3 Bedrooms | $395K | $390K | -1.3%  |
| 4 Bedrooms | $497.5K | $524.4K | +5.4% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 156 | 159 | +1.9% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 103 | 99 | -3.9%  |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 70 | 47 | -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
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 2022 | May 2022 | % |
|---|---|---|
| 13 Days | 15 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
Key Takeaway
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 