Is Springfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Springfield was a Neutral Market.
Housing Prices in Springfield, FL
How much do homes in Springfield, FL cost?
Median Sold Price
$247,508
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield was $247,508 in April 2024, up 12.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $120K | -14.3% |
3 Bedrooms | $216.9K | $241K | +11.1% |
4 Bedrooms | $299.7K | $285K | -4.9% |
5+ Bedrooms | $374.9K | $370K | -1.3% |
Summary: Springfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Springfield | $220K | $247.5K | +12.5% |
Parker | $219K | $240K | +9.6% |
Callaway | $274K | $290K | +5.8% |
Panama City | $329.9K | $347.6K | +5.4% |
Housing Supply in Springfield, FL
How many homes are available in Springfield, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 42 | -4.5% |
Summary: The Springfield real estate market had 42 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Springfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Springfield in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Springfield, FL
How long does it take to sell a home in Springfield, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 42 Days | -29.4% |
Summary: Homes in Springfield had an average of 42 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Springfield; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.