$6,282 Closing Credit*
$529,000
3,028 SqFt
6 Beds
•2 Full Baths
JULIO MENDEZ, Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Is Springfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Springfield was a Seller's Market.
Key Takeaway
Springfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springfield, FL
How much do homes in Springfield, FL cost?
Median Sold Price
$380,700
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,450(+5.4%)
Key Takeaway
Homes in Springfield have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Springfield was $380,700 in October 2024, up 5.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $202K | -6.9% |
| 2 Bedrooms | $163.5K | $140K | -14.4% |
| 3 Bedrooms | $370.2K | $384.9K | +4.0% |
| 4 Bedrooms | $424.9K | $450K | +5.9% |
| 5+ Bedrooms | $357.5K | $344.5K | -3.6% |
Summary: Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Urban Core | $154K | $173.5K | +12.7% |
| Springfield | $361.2K | $380.7K | +5.4% |
| Springfield | $394.2K | $414.5K | +5.1% |
Housing Supply in Springfield, FL
How many homes are available in Springfield, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 79 | +16.2% |
Summary: The Springfield real estate market had 79 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 29 | 38 | +31.0% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 31%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Springfield in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 138 Days | 71 Days | -48.7% |
Summary: Homes in Springfield had an average of 71 days on market in Oct 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Springfield; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
