Is Springfield Township, IN 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 Last Month

Since last month, 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, IN

How much do homes in Springfield Township, IN cost?

Median Sold Price

$205,250

$174/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$17,250(-7.8%)

Key Takeaway

Homes in Springfield Township have sold for 7.8% less than they did a month ago.

Summary: The median home sold price in Springfield Township was $205,250 in November 2024, down 7.8% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$158.5K
N/A
3 $222.5K$218.5K
-1.8%
4 -$370K
N/A
5+ --
N/A

Summary: Springfield Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spencer Township
+29.1%
Springfield Township
-7.8%
Harlan
-7.8%

Housing Supply in Springfield Township, IN

How many homes are available in Springfield Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Springfield Township real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 42
-50.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Springfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Springfield Township in November 2024, up by 150.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Springfield Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Springfield Township, IN

Nearby Markets to Springfield Township, IN