Is Springfield, GA 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 has remained a Seller's Market.
Housing Prices in Springfield, GA
How much do homes in Springfield, GA cost?
Median Sold Price
$256,878
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Springfield was $256,878 in March 2024, down 2.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $190K | +17.3% |
2 Bedrooms | $192.5K | $160K | -16.9% |
3 Bedrooms | $225K | $249.6K | +10.9% |
4 Bedrooms | $310K | $295.5K | -4.7% |
5+ Bedrooms | $380K | $357.5K | -5.9% |
Summary: Springfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
Guyton-Springfield | $297.9K | $341K | +14.5% |
Springfield | $264.5K | $256.8K | -2.9% |
Housing Supply in Springfield, GA
How many homes are available in Springfield, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The Springfield real estate market had 24 homes for sale in March 2024, a 4.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Springfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Springfield in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Springfield, GA
How long does it take to sell a home in Springfield, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 44 Days | -24.6% |
Summary: Homes in Springfield had an average of 44 days on market in Mar 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Springfield; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.