Is Springfield Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$232,110
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Springfield Township was $232,110 in May 2024, up 5.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.8K | $79.5K | +14.0% |
2 Bedrooms | $124.4K | $130.8K | +5.1% |
3 Bedrooms | $211.7K | $225K | +6.3% |
4 Bedrooms | $332.3K | $339.7K | +2.2% |
5+ Bedrooms | $420K | $485.3K | +15.6% |
Summary: Springfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in Springfield Township, MO
How many homes are available in Springfield Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
976 | 1,027 | +5.2% |
Summary: The Springfield Township real estate market had 1,027 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 172 | 158 | -8.1% |
3 Bedrooms | 483 | 515 | +6.6% |
4 Bedrooms | 197 | 227 | +15.2% |
5+ Bedrooms | 113 | 114 | +0.9% |
Summary: The Springfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 0.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
276 | 311 | +12.7% |
Asking Price vs. Sold Price
138 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
73 Homes Were Sold
Over Asking
Summary: A total of 311 homes were sold or pending in Springfield Township in May 2024, up by 12.7% month-over-month. Of the 302 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +9.4% |
Summary: Homes in Springfield Township had an average of 23 days on market in May 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
243 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 311 homes were sold in Springfield Township; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.