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

$222,500

$164/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$190,000(-46.1%)

Key Takeaway

Homes in Springfield Township have sold for 46.1% less than they did a month ago.

Summary: The median home sold price in Springfield Township was $222,500 in October 2024, down 46.1% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $412.5K$222.5K
-46.1%
4 --
N/A
5+ --
N/A

Summary: Springfield Township housing prices by bedroom type for October 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 46.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spencerville
+89.1%
Scipio Township
+72.7%
Harlan
+48.3%
Spencer Township
-11.2%
Springfield Township
-46.1%

Housing Supply in Springfield Township, IN

How many homes are available in Springfield Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
610+66.7%

Summary: The Springfield Township real estate market had 10 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 44
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Springfield Township 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 increased by 300%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 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, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Springfield Township in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% 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