$3,205 Closing Credit*
$269,900
1,405 SqFt
3 Beds
•2 Full Baths
Allison McGinty, Listing Office: Seaport Real Estate Group
Is Springfield, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Springfield has remained a Seller's Market.
Key Takeaway
Springfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springfield, GA
How much do homes in Springfield, GA cost?
Median Sold Price
$272,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+4.8%)
Key Takeaway
Homes in Springfield have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Springfield was $272,500 in October 2024, up 4.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $190K | +12.4% |
| 2 Bedrooms | $190K | $246K | +29.5% |
| 3 Bedrooms | $250K | $260.7K | +4.3% |
| 4 Bedrooms | $298.5K | $307.5K | +3.0% |
| 5+ Bedrooms | $330K | $375K | +13.6% |
Summary: Springfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Springfield | $260K | $272.5K | +4.8% |
| Guyton-Springfield | $324.6K | $327.4K | +0.9% |
Housing Supply in Springfield, GA
How many homes are available in Springfield, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Springfield real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Springfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springfield, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Springfield in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 136 Days | +109.2% |
Summary: Homes in Springfield had an average of 136 days on market in Oct 2024, up by 109.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Springfield are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Springfield; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
