Is Springfield Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Springfield Township has remained a Seller's Market.
Housing Prices in Springfield Township, MO
How much do homes in Springfield Township, MO cost?
Median Sold Price
$232,066
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Township was $232,066 in April 2024, up 6.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | $83K | +36.1% |
2 Bedrooms | $120K | $131K | +9.2% |
3 Bedrooms | $210K | $225K | +7.2% |
4 Bedrooms | $328.3K | $336.9K | +2.6% |
5+ Bedrooms | $420K | $468.9K | +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 9.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in Springfield Township, MO
How many homes are available in Springfield Township, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
893 | 956 | +7.1% |
Summary: The Springfield Township real estate market had 956 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 142 | 166 | +16.9% |
3 Bedrooms | 432 | 475 | +10.0% |
4 Bedrooms | 206 | 200 | -2.9% |
5+ Bedrooms | 105 | 104 | -1.0% |
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 16.9%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
253 | 267 | +5.5% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Summary: A total of 267 homes were sold or pending in Springfield Township in April 2024, up by 5.5% month-over-month. Of the 262 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 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +11.5% |
Summary: Homes in Springfield Township had an average of 25 days on market in Apr 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
201 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 267 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.