Is Springfield Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springfield Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Springfield Township, MO

How much do homes in Springfield Township, MO cost?

Median Sold Price

$233,690

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,443(+9.6%)

Key Takeaway

Homes in Springfield Township have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Springfield Township was $233,690 in April 2024, up 9.6% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $61K$83K
+36.1%
2 $122.9K$131.7K
+7.2%
3 $205.1K$225.4K
+9.9%
4 $320K$340K
+6.3%
5+ $427.4K$477.4K
+11.7%

Summary: Springfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+9.6%
Springfield
+9.6%
Campbell No. 2 Township
+8.0%
Wilson A Township
+7.7%
Campbell No. 2C Township
+3.6%

Housing Supply in Springfield Township, MO

How many homes are available in Springfield Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
909972+6.9%

Summary: The Springfield Township real estate market had 972 homes for sale in April 2024, a 6.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 811
+37.5%
2 144169
+17.4%
3 437480
+9.8%
4 213204
-4.2%
5+ 107108
+0.9%

Summary: The Springfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 0.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
256269+5.1%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

65 Homes Were Sold
At Asking

84 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springfield Township, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 269 homes were sold or pending in Springfield Township in April 2024, up by 5.1% month-over-month. Of the 264 sold homes, 44% were sold under asking, 25% were sold at asking, and 32% were sold over asking.

Days on Market for Springfield Township, MO

How long does it take to sell a home in Springfield Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days26 Days+5.1%

Summary: Homes in Springfield Township had an average of 26 days on market in Apr 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

201 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 269 homes were sold in Springfield Township; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Springfield Township, MO

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